{"id":19206,"date":"2014-05-27T05:00:38","date_gmt":"2014-05-27T12:00:38","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/research\/?p=19206"},"modified":"2020-10-06T13:44:37","modified_gmt":"2020-10-06T20:44:37","slug":"2014-luxury-report","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/2014-luxury-report\/","title":{"rendered":"2014 Luxury Report: Sales of Priciest 1% of Homes Climb While Rest of Home Sales Still Down"},"content":{"rendered":"

Neighborhoods in Los Angeles, Orange County and San Francisco Dominate the Top 20 List of Most Expensive Homes<\/strong><\/em><\/p>\n

Home sales so far this year are lower<\/a> than they were in 2013, but there\u2019s one sliver of the housing market that\u2019s going strong: the very top of it. Sales of the priciest 1 percent of homes are up 21.1 percent so far this year, following a gain of 35.7 percent in 2013. \u00a0Meanwhile, in the other 99 percent of the market, home sales have fallen 7.6 percent in 2014.<\/p>\n

\"Growth<\/a><\/p>\n

Luxury sales are up, and way up, in metros across the country. Ten markets have seen sales growth above 50 percent so far in 2014, and Oakland and San Jose are on pace to nearly double the number of home sales since last year in the most expensive 1 percent of the market.<\/p>\n

As for the other 99 percent? While home sales have shown meager to modest gains in the non-luxury portion of the market in Oakland (up 2.2% over last year), Miami (up 1%), Raleigh-Durham (up 1.2%) and Atlanta (up 4.8%), other markets including Phoenix (down 15.7%) and Minneapolis (down 12.5%) display a strange (and perhaps troubling) dichotomy: For the top 1 percent, the housing market is still booming. But for the rest of the market, the recovery is running out of gas. As home prices have risen, wage and job growth have failed to keep up.<\/p>\n

\"Growth<\/a><\/p>\n

The price to reach the top 1 percent of the housing market varies widely by metro. In San Francisco, the most expensive 1 percent of homes sold for $5.35 million or more. In Los Angeles, joining the high-end luxury market will set you back at least $3.65 million, but if you\u2019re willing to live a bit farther south in Orange County, you can squeeze into a luxury home for just $3.45 million. The budget luxury buyer could look to Atlanta ($861,000), Minneapolis ($881,000) or Raleigh ($815,000), where access to the top 1 percent of the market can be purchased for six figures rather than seven.<\/p>\n

So who can afford these luxury homes? Banks don’t offer conventional loans for homes in this price range. But to put things in perspective, here’s what it would take: In San Francisco, a luxury homebuyer would need a million-dollar down payment and an annual salary of $916,000 to qualify for a 30-year fixed-rate loan, and to afford what would be a $21,369 monthly mortgage payment. In a lower-priced luxury market such as Raleigh, an annual income of just $140,000 could keep a buyer comfortably among the 1 percent in this hypothetical scenario.<\/p>\n

\"Minimum<\/a><\/p>\n

Of course, like 44.7 percent of buyers in this price tier, you may prefer to pay with cash. \u00a0That\u2019s compared with the 32 percent of purchases made with cash among all home sales, as we found in our report on all-cash transactions<\/a>.<\/p>\n

\"Portion<\/a><\/p>\n

The Top Luxury-Home Hoods<\/h1>\n

We looked at home sales in neighborhoods within each market to find where the highest-end luxury homes were being purchased. These are the neighborhoods with the highest average home sale price within the top 1 percent of the market. \u00a0Neighborhoods in Los Angeles, Orange County, and San Francisco dominated the top 20 list. Beverly Glen<\/a> ($11.86 million), Holmby Hills<\/a> ($9.91 million), and Malibu Road<\/a> ($9.51 million) took the top three spots out of all neighborhoods analyzed.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Metro<\/strong><\/span><\/td>\nNeighborhood<\/strong><\/span><\/td>\nAverage<\/strong><\/span>
\n Luxury Price<\/strong><\/span><\/td>\n<\/tr>\n
Atlanta, GA<\/td>\nBrookhaven\u00a0<\/a><\/td>\n$1,359,000<\/td>\n<\/tr>\n
<\/td>\nNorthside\u00a0<\/a><\/td>\n$1,322,000<\/td>\n<\/tr>\n
<\/td>\nChastain Park<\/a><\/td>\n$1,303,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Austin, TX<\/td>\nRiver Place<\/a><\/td>\n$2,336,000<\/td>\n<\/tr>\n
<\/td>\nTarrytown<\/a><\/td>\n$1,803,000<\/td>\n<\/tr>\n
<\/td>\nTown Lake<\/a><\/td>\n$1,729,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Baltimore, MD<\/td>\nInner Harbor<\/a><\/td>\n$1,545,000<\/td>\n<\/tr>\n
<\/td>\nFederal Hill<\/a><\/td>\n$1,504,000<\/td>\n<\/tr>\n
<\/td>\nSouth Baltimore<\/a><\/td>\n$1,504,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Boston, MA<\/td>\nBack Bay<\/a><\/td>\n$4,451,000<\/td>\n<\/tr>\n
<\/td>\nBeacon Hill<\/a><\/td>\n$3,878,000<\/td>\n<\/tr>\n
<\/td>\nWest Cambridge \/ Huron Village<\/a><\/td>\n$3,227,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Charlotte, NC<\/td>\nMyers Park<\/a><\/td>\n$1,534,000<\/td>\n<\/tr>\n
<\/td>\nBallantyne<\/a><\/td>\n$1,405,000<\/td>\n<\/tr>\n
<\/td>\nThe Arboretum<\/a><\/td>\n$1,361,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Chicago, IL<\/td>\nGold Coast\u00a0<\/a><\/td>\n$2,296,000<\/td>\n<\/tr>\n
<\/td>\nStreeterville<\/a><\/td>\n$2,152,000<\/td>\n<\/tr>\n
<\/td>\nLincoln Park\u00a0<\/a><\/td>\n$2,138,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Denver, CO<\/td>\nDowntown\u00a0<\/a><\/td>\n$1,809,000<\/td>\n<\/tr>\n
<\/td>\nCountry Club<\/a><\/td>\n$1,772,000<\/td>\n<\/tr>\n
<\/td>\nCherry Creek\u00a0<\/a><\/td>\n$1,732,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Fort Lauderdale, FL<\/td>\nHarbor Beach<\/a><\/td>\n$3,036,000<\/td>\n<\/tr>\n
<\/td>\nGolden Isles<\/a><\/td>\n$1,912,000<\/td>\n<\/tr>\n
<\/td>\nCoral Ridge<\/a><\/td>\n$1,724,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Las Vegas, NV<\/td>\nThe Lakes<\/a><\/td>\n$1,413,000<\/td>\n<\/tr>\n
<\/td>\nMacdonald Highlands<\/a><\/td>\n$1,387,000<\/td>\n<\/tr>\n
<\/td>\nLas Vegas Strip<\/a><\/td>\n$1,381,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Los Angeles, CA<\/td>\nBeverly Glen\u00a0<\/a><\/td>\n$11,856,000<\/td>\n<\/tr>\n
<\/td>\nHolmby Hills<\/a><\/td>\n$9,910,000<\/td>\n<\/tr>\n
<\/td>\nMalibu Road<\/a><\/td>\n$9,513,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Miami, FL<\/td>\nSouth Beach\u00a0<\/a><\/td>\n$5,552,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Oakland \/ East Bay, CA<\/td>\nPiedmont\u00a0<\/a><\/td>\n$2,587,000<\/td>\n<\/tr>\n
<\/td>\nClaremont\u00a0<\/a><\/td>\n$2,431,000<\/td>\n<\/tr>\n
<\/td>\nBerkeley Hills<\/a><\/td>\n$2,321,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Orange County, CA<\/td>\nLantern Village<\/a><\/td>\n$7,184,000<\/td>\n<\/tr>\n
<\/td>\nEmerald Bay\u00a0<\/a><\/td>\n$5,838,000<\/td>\n<\/tr>\n
<\/td>\nCrystal Cove\u00a0<\/a><\/td>\n$5,781,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Philadelphia, PA<\/td>\nRittenhouse Square<\/a><\/td>\n$1,968,000<\/td>\n<\/tr>\n
<\/td>\nWayne<\/a><\/td>\n$1,627,000<\/td>\n<\/tr>\n
<\/td>\nFitler Square<\/a><\/td>\n$1,498,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Phoenix, AZ<\/td>\nDC Ranch<\/a><\/td>\n$1,961,000<\/td>\n<\/tr>\n
<\/td>\nDesert Mountain<\/a><\/td>\n$1,726,000<\/td>\n<\/tr>\n
<\/td>\nTroon<\/a><\/td>\n$1,723,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Portland, OR<\/td>\nForest Park<\/a><\/td>\n$1,582,000<\/td>\n<\/tr>\n
<\/td>\nForest Highlands<\/a><\/td>\n$1,492,000<\/td>\n<\/tr>\n
<\/td>\nSouthwest Hills<\/a><\/td>\n$1,467,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Raleigh-Durham, NC<\/td>\nHope Valley<\/a><\/td>\n$1,465,000<\/td>\n<\/tr>\n
<\/td>\nHasentree<\/a><\/td>\n$1,168,000<\/td>\n<\/tr>\n
<\/td>\nGovenors Club\u00a0<\/a><\/td>\n$1,124,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Riverside, CA<\/td>\nOld Las Palmas\u00a0<\/a><\/td>\n$1,752,000<\/td>\n<\/tr>\n
<\/td>\nDeer Creek<\/a><\/td>\n$1,305,000<\/td>\n<\/tr>\n
<\/td>\nSouth Corona<\/a><\/td>\n$1,305,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Sacramento, CA<\/td>\nLake Tahoe<\/a><\/td>\n$2,120,000<\/td>\n<\/tr>\n
<\/td>\nLahontan<\/a><\/td>\n$1,683,000<\/td>\n<\/tr>\n
<\/td>\nSierra Oaks\u00a0<\/a><\/td>\n$1,632,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
San Diego, CA<\/td>\nLa Jolla Shores\u00a0<\/a><\/td>\n$4,133,000<\/td>\n<\/tr>\n
<\/td>\nLeucadia<\/a><\/td>\n$3,865,000<\/td>\n<\/tr>\n
<\/td>\nMuirlands<\/a><\/td>\n$3,308,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
San Francisco, CA<\/td>\nPresidio Heights<\/a><\/td>\n$7,478,000<\/td>\n<\/tr>\n
<\/td>\nPacific Heights\u00a0<\/a><\/td>\n$7,177,000<\/td>\n<\/tr>\n
<\/td>\nRussian Hill<\/a><\/td>\n$6,532,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
San Jose, CA<\/td>\nOld Palo Alto<\/a><\/td>\n$4,714,000<\/td>\n<\/tr>\n
<\/td>\nCrescent Park<\/a><\/td>\n$3,933,000<\/td>\n<\/tr>\n
<\/td>\nNorth Los Altos\u00a0<\/a><\/td>\n$3,859,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Seattle, WA<\/td>\nHarrison \/ Denny Blaine<\/a><\/td>\n$3,429,000<\/td>\n<\/tr>\n
<\/td>\nDowntown Bellevue\u00a0<\/a><\/td>\n$2,771,000<\/td>\n<\/tr>\n
<\/td>\nLaurelhurst<\/a><\/td>\n$2,758,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Ventura, CA<\/td>\nWestlake Village\u00a0<\/a><\/td>\n$2,548,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Washington, DC<\/td>\nGeorgetown\u00a0<\/a><\/td>\n$2,895,000<\/td>\n<\/tr>\n
<\/td>\nRosslyn<\/a><\/td>\n$2,539,000<\/td>\n<\/tr>\n
<\/td>\nKalorama Heights<\/a><\/td>\n$2,490,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"Most<\/a><\/p>\n

Most Unequal Metros<\/h1>\n

We also compared the price of the top 1 percent of homes with the price of the median home in each market to measure the distance between the middle and top of the housing market. The largest divides appear in the sunny, coastal metros. The top 1 percent of home prices in Miami were at least 14.9 times higher than the median, and those in West Palm Beach were at least 14.1 times higher. Yet in lush but rainy Portland, Oregon (3.9 times the median), or lush but muggy Raleigh, North Carolina (4.1 times the median), the luxury end of the market is relatively closer to the median home sale price.<\/p>\n

\"Ratio<\/a><\/p>\n

If you\u2019d like to stay up to date on all of Redfin\u2019s reports, please subscribe to the RSS feed<\/a> here or follow us on Twitter<\/a>, Facebook<\/a>, or Google+<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Home sales so far this year are lower than they were in 2013, but there\u2019s one sliver of the housing market that\u2019s going strong: the very top of it. Sales of the priciest 1 percent of homes are up 21.1 percent so far this year, following a gain of 35.7 percent in 2013. <\/p>\n","protected":false},"author":13524,"featured_media":2931,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,24],"tags":[18],"coauthors":[],"class_list":["post-19206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","category-luxury-market","tag-luxury-report"],"acf":[],"yoast_head":"\n2014 Luxury Report: Sales of Priciest 1% of Homes Climb<\/title>\n<meta name=\"description\" content=\"Home sales so far this year are lower than they were in 2013, but there\u2019s one sliver of the housing market that\u2019s going strong: the very top of it.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/2014-luxury-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2014 Luxury Report: Sales of Priciest 1% of Homes Climb While Rest of Home Sales Still Down\" \/>\n<meta property=\"og:description\" content=\"Home sales so far this year are lower than they were in 2013, but there\u2019s one sliver of the housing market that\u2019s going strong: the very top of it.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/2014-luxury-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2014-05-27T12:00:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-06T20:44:37+00:00\" \/>\n<meta name=\"author\" content=\"Troy Martin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Troy Martin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/2014-luxury-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/2014-luxury-report\\\/\"},\"author\":{\"name\":\"Troy Martin\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/4b3636b58cf5fa5d7665f5f22b65d6b6\"},\"headline\":\"2014 Luxury Report: Sales of Priciest 1% of Homes Climb While Rest of Home Sales Still Down\",\"datePublished\":\"2014-05-27T12:00:38+00:00\",\"dateModified\":\"2020-10-06T20:44:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/2014-luxury-report\\\/\"},\"wordCount\":871,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/2014-luxury-report\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"Luxury Report\"],\"articleSection\":[\"Housing Market News\",\"Luxury Market\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2014\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/2014-luxury-report\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/2014-luxury-report\\\/\",\"name\":\"2014 Luxury Report: Sales of Priciest 1% of Homes Climb\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/2014-luxury-report\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/2014-luxury-report\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2014-05-27T12:00:38+00:00\",\"dateModified\":\"2020-10-06T20:44:37+00:00\",\"description\":\"Home sales so far this year are lower than they were in 2013, but there\u2019s one sliver of the housing market that\u2019s going strong: the very top of it.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/2014-luxury-report\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/2014-luxury-report\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/2014-luxury-report\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/2014-luxury-report\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"2014 Luxury Report: Sales of Priciest 1% of Homes Climb While Rest of Home Sales Still Down\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"name\":\"Redfin Real Estate News\",\"description\":\"The latest real estate news and research from technology-powered residential real estate company, Redfin.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"width\":1100,\"height\":235,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/4b3636b58cf5fa5d7665f5f22b65d6b6\",\"name\":\"Troy Martin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/Redfin-2025-Logo-B-150x150.jpgb98d1f204d143aab6d4240c534a1657e\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/Redfin-2025-Logo-B-150x150.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/Redfin-2025-Logo-B-150x150.jpg\",\"caption\":\"Troy Martin\"},\"description\":\"Troy analyzes real estate trends for Redfin\u2019s research team. He previously worked as a consultant on data validation and visualization for the World Bank, an economist for the Bureau of Economic Analysis and an analyst at the Center for Labor Market Studies.\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/author\\\/troy-martinredfin-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"2014 Luxury Report: Sales of Priciest 1% of Homes Climb","description":"Home sales so far this year are lower than they were in 2013, but there\u2019s one sliver of the housing market that\u2019s going strong: the very top of it.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/news\/2014-luxury-report\/","og_locale":"en_US","og_type":"article","og_title":"2014 Luxury Report: Sales of Priciest 1% of Homes Climb While Rest of Home Sales Still Down","og_description":"Home sales so far this year are lower than they were in 2013, but there\u2019s one sliver of the housing market that\u2019s going strong: the very top of it.","og_url":"https:\/\/www.redfin.com\/news\/2014-luxury-report\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2014-05-27T12:00:38+00:00","article_modified_time":"2020-10-06T20:44:37+00:00","author":"Troy Martin","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Troy Martin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/2014-luxury-report\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/2014-luxury-report\/"},"author":{"name":"Troy Martin","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/4b3636b58cf5fa5d7665f5f22b65d6b6"},"headline":"2014 Luxury Report: Sales of Priciest 1% of Homes Climb While Rest of Home Sales Still Down","datePublished":"2014-05-27T12:00:38+00:00","dateModified":"2020-10-06T20:44:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/2014-luxury-report\/"},"wordCount":871,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/2014-luxury-report\/#primaryimage"},"thumbnailUrl":"","keywords":["Luxury Report"],"articleSection":["Housing Market News","Luxury Market"],"inLanguage":"en-US","copyrightYear":"2014","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/news\/2014-luxury-report\/","url":"https:\/\/www.redfin.com\/news\/2014-luxury-report\/","name":"2014 Luxury Report: Sales of Priciest 1% of Homes Climb","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/2014-luxury-report\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/2014-luxury-report\/#primaryimage"},"thumbnailUrl":"","datePublished":"2014-05-27T12:00:38+00:00","dateModified":"2020-10-06T20:44:37+00:00","description":"Home sales so far this year are lower than they were in 2013, but there\u2019s one sliver of the housing market that\u2019s going strong: the very top of it.","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/2014-luxury-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/2014-luxury-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/2014-luxury-report\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/2014-luxury-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"2014 Luxury Report: Sales of Priciest 1% of Homes Climb While Rest of Home Sales Still Down"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/news\/#website","url":"https:\/\/www.redfin.com\/news\/","name":"Redfin Real Estate News","description":"The latest real estate news and research from technology-powered residential real estate company, Redfin.","publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/news\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","width":1100,"height":235,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/4b3636b58cf5fa5d7665f5f22b65d6b6","name":"Troy Martin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/06\/Redfin-2025-Logo-B-150x150.jpgb98d1f204d143aab6d4240c534a1657e","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/06\/Redfin-2025-Logo-B-150x150.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/06\/Redfin-2025-Logo-B-150x150.jpg","caption":"Troy Martin"},"description":"Troy analyzes real estate trends for Redfin\u2019s research team. He previously worked as a consultant on data validation and visualization for the World Bank, an economist for the Bureau of Economic Analysis and an analyst at the Center for Labor Market Studies.","url":"https:\/\/www.redfin.com\/news\/author\/troy-martinredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/19206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13524"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=19206"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/19206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=19206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=19206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=19206"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=19206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}