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.
Substantial wealth creation has supported the growth in the global super-prime sales market, transforming places like Dubai, Palm Beach, and Miami.
The biggest sale of the quarter was the $150 million deal for Palm Beach's only private island, reportedly purchased by Australian investor Michael Dorrell.
While demand in luxury markets is slowing from the 2021 peak, ultra-wealthy buyers continue to pay record prices for rare trophy properties.
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