When it comes to the housing market, it’s always a case of good-news/bad-news. Let’s start with the bad news: overall, sales are down this year. Now the good news: sales of luxury homes — that means sales of homes priced in the top 1 percent – are on the are way up. Big time. According to Redfin, at least 10 markets have seen more than 40 percent growth in the luxury category this year, with Philadelphia coming in at No. 10. The minimum price of a luxury home in Philly is $1.15 million.
Below, the national chart (click to enlarge) and the three local areas that have the highest sale prices.