Sales of ultra-luxury homes surged in New York, Miami and Palm Beach, Florida, in the second quarter, even as they fell in much of the rest of the world, according to a new report.
The number of homes that sold for $10 million or more in the second quarter jumped 44% in Palm Beach, 27% in Miami and 16% in New York, according to a report from real estate firm Knight Frank.
New York led the U.S. in $10 million-plus sales, with 72, its highest total in two years, according to the report.
Miami came in second with 55, followed by Los Angeles with 42 and Palm Beach with 36.
In June, a historic 3.2-acre estate in Palm Beach sold for $148 million, while in Manhattan, the penthouse of the Aman New York was sold for $135 million in July.
Persons:
Robert Frank, Knight Frank, Michael Dorrell, Aman
Organizations:
Palm, Miami, Palm Beach, Wall Street
Locations:
New York, Miami, Palm Beach , Florida, Palm Beach, U.S, Los Angeles, Manhattan, York