Luxury home prices rose 7.4 percent year-over-year to $1.76 million in Q4 2017, according to Redfin's latest real estate market report.
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· Redfin classifies luxury homes as those that sold among the top 5% most expensive in the quarter. In the first quarter, luxury home prices across the country averaged $1.55 million.
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Said its president, Ron Shuffield: “Potential buyers from other global cities who are currently considering the purchase of a.
Prime residential values in Nairobi peaked in the first three months of 2016 and have since fallen by a cumulative 9.2% over the last three years. However, luxury home values are still about 38% higher than in 2010, representing decent capital gains in the high-end market segment.
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· Luxury home prices in Paris will rise by an average of 6% by the end of this year, eclipsing muted housing markets in wealth hubs like New York.