Are things look up in the luxury real estate market this year? 

The Toll Brothers, a Pennsylvania-based luxury homebuilder, announced that sales are booming in 2012. The firm reports a gain that is more than $130 million over last year’s figures at this time.  

Pre-tax net income shows a more stark story of decline and recovery: for this year it came in at $112.9 million versus a pre-tax loss of $29.4 million in 2011.