This Borough Taking Luxury Market Throne

Queens, N.Y. is home to Archie Bunker, the Mets, George Costanza’s parents, and the second-strongest luxury home market in the nation.

While Sarasota, Fla. took the top spot, thanks in part to a robust influx of domestic migrants, Queens offers greater space for Manhattan and Brooklynites at better prices, helping to make its luxury home value appreciation second-highest in the nation. Realtor.com’s luxury home price index measured the speed of appreciation month-over-month and annually in June 2018. Bay Area realtor

Rounding out the top five counties for fastest-growing luxury home prices are Santa Clara, CA (14.5 percent), Boulder, CO (13.6 percent), and Collier, FL (13.4 percent). Northern California’s high-end real estate market continues to experience exceptional growth. Of the 20 luxury markets with the fastest-growing prices, seven counties around the San Francisco Bay Area had double-digit growth in June. “It’s absolutely crazed,” says Patrick Carlisle, chief market analyst for the Bay Area for Compass, a real estate company based in New York City. “It’s the hottest luxury market ever.”

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