When it comes to homes in Miami Beach, the “haves” have it all.
The city’s housing market is the most unequal in the U.S., according to a report from online real estate company Redfin. The report covers the third quarter of 2015 and compares the luxury market — which Redfin counts as the top 5 percent of homes — to the bottom 95 percent.
During the third quarter, the report found that luxury homes in Miami Beach sold for an average of $6.3 million, about 12 times as much as the average price ($522,000) of a typical home.
The disparity in other big cities was smaller: Luxury homes sell for between five and six times the price of typical homes in Atlanta, Houston, Los Angeles, Boston, Chicago and Washington, D.C.