According to Knight Frank, one Florida city, Miami, ranked seventh worldwide for its increase in luxury home prices. In the U.S., three other cities – Los Angeles (No. 2), San Francisco (No. 5) and New York (No. 11) also ranked high in the 33 markets studied.
In Miami, luxury home prices rose 16.3 percent year-to-year in September, though they fell 3.6 percent over six months and were down 4.1 percent year-to-year.
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