Luxury market continues to appreciate faster than the overall market. Prices for luxury condos, rose 5.6% in Q1 2016 vs Q1 2015 and a 3.6% jump over year end 2015. The over all market was up only 2.1% from the prior 12 months, this lower appreciation was due to a lot of small and inexpensive condo conversion units being sold last quarter. I would like to exclude them but want to keep my chart consistent with whats reported in the MLS. Taking these condo conversions out shows an appreciation of 4% for the overall market.  Appreciation over the last five years is just over 40%.