Good news for the luxury real estate market just in time for Christmas. While many luxury home builders have been struggling to attract luxury home buyers, Toll Brothers Inc may have found the formula. According to Toll Brothers the largest U.S. luxury home builder they have gained as much as 14% in New York after orders surged 42%.

Bloomberg reports, Net contracts climbed to 765 in the three months through October from 539 a year earlier and the cancellation rate dropped to 6.9 percent from 30.2 percent, Horsham, Pennsylvania- based Toll said in a statement yesterday. The shares jumped $2.23 to $20.62 at 9:52 a.m., the biggest gain since Aug. 12.

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