Lap of luxury: High-end home sales in West Palm Beach outpace rest of country

A South Florida city with a history as a working-class enclave is one of the fastest-growing luxury markets in the country. West Palm Beach luxury home sales grew at the fastest rate in the country — up 43.9 percent since last year — as buyers keep snapping up multi-million waterfront homes. Pending luxury sales in the city of 127,000 people, once a community for railroad and hospitality workers serving Palm Beach resorts, grew 20.1 percent compared to last year. The city had a median luxury home price of $4.5 million as of July, according to Redfin.  Overall home prices in West Palm […]

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