The typical luxury home in West Palm Beach sold for $4.5 million, 8.9 times more than the typical non luxury home that sold during the three months ending in May. The South Florida metro has the biggest luxury home price premium among the 49 most populous U.S. housing markets, followed closely by neighboring Miami, where the typical luxury home sold for 8.8 times more than the typical non-luxury home. 

Next but with a much smaller luxury home price premium, comes New York City, where the typical luxury home costs 5.5 times more than the typical non luxury home.