CHARLOTTE — Charlotte has made its mark as one of the top ten cities in the United States for fastest growing luxury home prices, according to online real estate company Redfin.
[ ALSO READ: Most expensive homes for sale in Charlotte in December ]
Over the past decade, luxury home prices in the city have skyrocketed by 121%, with the average price nearing $1.7 million.
In comparison, West Palm Beach, Fla., sits at the top of the list, experiencing an impressive increase in luxury home prices by 188% over the same 10-year period.
The significant growth in these markets reflects a larger trend in the luxury real estate sector across the United States.
VIDEO: Real estate agent ripped off friends, church, and federal government
This browser does not support the video element.