Growth in the luxury section remains strong across the nation for 2015. And spectacular mountain living is no exception with Park City ranking as one of the Top 20 Best Performing U.S. Cities in Luxury Real Estate, according to the latest Luxury Market Report conducted by Coldwell Banker Previews International®.
Known for luring in elite homebuyers with its world-class resorts, scenic mountains and summer activities, Park City embodies the standard of luxury mountain living.
Park City ranked nationally on several Top 20 lists, including the No. 1 spot for U.S. Zip Codes with the Highest Number of Active Luxury Home Listings ($1M+ and $5M+) and the No. 2 ranking for U.S. Zip Codes with the Highest Number of Closed Luxury Home Sales for $1M+ price points.
In particular, the luxury real estate market in Park City Utah is showing significant growth, not only in the $1M+ price points but also in ultra-luxury price points for $5M+ properties.
Other U.S. cities were well represented in the latest Coldwell Banker Previews International® Luxury Market Report, with San Francisco, Los Angeles, New York, San Jose and Houston securing the top five spots for U.S Cities with the Highest Number of Closed Luxury Home Sales. In the ultra-luxury market, New York earned the top spot for Closed Luxury Home Sales in the $5M+ and $10M+ categories.
To review the full list of the Top 20 Best Performing U.S. Cities in Luxury Real Estate, download the latest Luxury Market Report at previewslmr.com.
Photo by flickr user Tom Simpson