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Coral Gables Tops Forbes Luxury Home Index

Forbes May 2010The Forbes Luxury Housing Index offers a more granular look at high-end markets by tracking the weekly median home sale prices of the 500 most expensive ZIP codes in the country, using real estate statistics provided by Altos Research, a Mountain View, Calif.-based real estate derivatives research group.

With a 158% increase in the median home sales price over February 2009 median prices Coral Gables tops the list of the 500 most expensive neighborhoods from around the country.   While this data may be questionable it’s nice to see a South Florida neighborhood painted in good light.

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