These States Saw the Biggest Rises in Luxury Home Price Appreciation in 2017

Maui, Hawaii, and Eagle County, Colorado, had the fastest luxury home sale price growth in the U.S. over the past 12 months.

Realtor.com's data show that Maui median sales prices soared 9.5 percent in the mainstream market, and luxury home price appreciation increased nearly 33 percent to an average of $2.485 million in 2017, compared to 2016. Kauai was number four in the country with a 25 percent leap in average luxury price in 2017, and the 'Big Island' Hawaii came in fifth with a 24.8 percent price increase.

The U.S. led the world in wealth gains over the past year, tallying more than a million new millionaires in the last year as stock prices surged, according to Credit Suisse’s Global Wealth Report published last month. ... “The ongoing supportive role played by the Federal Reserve has undoubtedly played a part here as well, and wealth inequality remains a prominent issue,” said Michael O'Sullivan, CIO at Credit Suisse.

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