Explore our quarterly digital book featuring detailed luxury real estate market updates. This exclusive resource provides key trends, insightful analysis, and property data to keep you informed on the latest in the high-end market.
LUXURY REPORT 2025 | Q2
IPRE.COM
Personalized Service Never Goes Out of Style.
$9.5B REAL ESTATE SERVICES
$7.5B TOTAL SALES VOLUME
$3.2B+ CLOSED LUX URY SALES
$375M COMMERCIAL SALES
19,706 TOTAL TRANSACTIONS
THE #1 INDEPENDENTLY OWNED BROKERAGE IN FLORIDA
THE #1 REAL ESTATE BROKER IN PALM BEACH AND MARTIN COUNTIES
NATIONALLY RANKED BROKERAGE BY RISMEDIA
#1 NETWORK IN LUXURY PROPERTIES SOLD WITH LUXURY PORTFOLIO INTERNATIONAL
Statistics, sales and transaction volume represent all Illustrated Properties Family of Companies for the 2024 calendar year.
A message from Mike Pappas
South Florida’s luxury market continues to fall in line with historical norms as our region moves further away from the generational peak experienced at the beginning of this decade. The good news in a “normal” high-end market is that well-crafted positioning allows opportunities to exist for both sellers and buyers. Pricing kept moving upward due to consistent buyer demand in the second quarter of 2025. Across Miami-Dade, Broward, Palm Beach, the Treasure Coast, and Southwest Florida, the average luxury ($1 million-and-up) single-family sales price rose 9.3% year-over-year to $2.91 million, while the average luxury condominium price increased 4.8% to $2.54 million. Aspiring high-end buyers waiting for an actionable drop in pricing continue to be sorely disappointed. Southwest Florida and Palm Beach County enjoyed the highest year-over-year gains in luxury single-family pricing, with the former seeing a 22.2% surge in average single-family sales price to $3.01 million and the latter experiencing a 10.6% jump to $3.23 million. Palm Beach County also led the tri-county area in average high-end condominium pricing gains, rising 13.2% year-over-year to $2.7 million. Being the focal point for domestic wealth migration certainly has its advantages. Certain markets, such as Broward County and Southwest Florida, mirrored the mixed luxury condo pricing results of the first quarter. However, the overall region once again demonstrated consistent appreciation and sustainable fundamentals. Looking ahead to the rest of 2025, South Florida’s luxury market remains a value proposition for buyers from New York and California. Recent changes to state tax law and a positive outlook overall continue to drive interest and migration to the region. Real estate agents representing luxury sellers and buyers should be equally enthusiastic about upcoming opportunities to capitalize on South Florida’s enduring appeal.
CEO Illustrated Properties Mike Pappas
LUXURY REPORT
IPRE.COM
SOUTH FLORIDA 2025 | Q2 LUXURY REPORT
SOUTH FLORIDA REGIONAL MIAMI DADE | BROWARD | PALM BEACH | MARTIN | ST. LUCIE
South Florida is considered the metro area of the state extending from Palm Beach County to Miami-Dade County. The area radiates balmy temperatures and a luxury lifestyle, mixed with Latin and Caribbean cultures. The approximate 100 miles along the coast is home to roughly 5.4 million residents. If you are dreaming of a big-city getaway in Miami, a laid-back fishing trip off the coast of Fort Lauderdale, or an indulgent splurge in the Palm Beaches, you’ll find perfect weather all year- round. South Florida is home to a multitude of restaurants and entertainment options to experience including the historical Worth Avenue, Downtown City Place, Atlantic Avenue, Fort Lauderdale Beach, South Beach, and the Seminole Hard Rock Hotel & Casino.
Single Family Homes
% Change (1 Year)
% Change (1 Quarter)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
3538
2632
3151
▼10.9%
▲19.7%
Average Sales Price
$2,666,480
$2,933,839
$2,913,294
▲9.3%
▼0.7%
Median Sales Price
$1,612,500
$1,650,000
$1,683,000
▲4.4%
▲2.0%
Average Square Footage
3,380
3,468
3,445
▲1.9%
▼0.7%
Price Per Square Foot
$726
$765
$765
▲5.4%
▲0.0%
Average DOM
102
110
106
▲3.3%
▼3.9%
Sales Sold at Original List Price
320
205
225
▼29.7%
▲9.8%
Top Sale Price
$62,500,000
$50,500,000
$74,250,000
▲18.8%
▲47.0%
Total Sale Volume
$9,434,005,937
$7,721,865,554 $9,179,788,545 ▼2.7%
▲18.9%
Condos & Townhomes
% Change (1 Year)
% Change (1 Quarter)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
1386
1124
1209
▼12.8%
▲7.6%
Average Sales Price
$2,419,355
$2,504,677
$2,536,680
▲4.8%
▲1.3%
Median Sales Price
$1,675,000
$1,777,500
$1,725,000
▲3.0%
▼3.0%
Average Square Footage
2,317
2,317
2,383
▲2.9%
▲2.8%
Price Per Square Foot
$1,016
$1,046
$1,034
▲1.8%
▼1.1%
Average DOM
129
123
134
▲3.9%
▲9.1%
Sales Sold at Original List Price
109
165
75
▼31.2%
▼54.5%
Top Sale Price
$37,000,000
$29,000,000
$28,641,500
▼22.6%
▼1.2%
Total Sale Volume
$3,353,226,432
$2,815,256,610 $3,066,845,965 ▼8.5%
▲8.9%
Top 5 States for Incoming Buyers NEW YORK |OHIO | NEW JERSEY | ILLINOIS | MASSACHUSETTS
LUXURY REPORT
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PALM BEACH COUNTY 2025 | Q2 LUXURY REPORT
PALM BEACH COUNTY FLORIDA’S PLAYGROUND FOR THE WEALTHY
Palm Beach County outperformed neighboring counties in luxury single-family and condo pricing during the second quarter of 2025, with the average high-end single-family sales price jumping 10.6% year-over-year to $3.23 million and average high-end condominium price rising 13.2% year-over-year to $2.7 million. The county’s biggest year-over-year luxury single-family transaction gainers included Singer Island (75%), Palm Beach Island (57.1%), West Palm Beach 12.1%) and Jupiter (9.8%). The Boca Raton/ Delray Beach submarket continues to be the focal point of high-end condo activity in the county, and it recorded a 2.5% year-over- year gain in total sales (125) and a 22.9% year-over-year jump in average sales price ($2.84 million).
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
1152
881
1070
▼7.1%
▲21.5%
Average Sales Price
$2,917,834
$3,091,762
$3,228,336
▲10.6%
▲4.4%
Median Sales Price
$1,700,000
$1,682,500
$1,788,900
▲5.2%
▲6.3%
Average Square Footage
3,606
3,649
3,627
▲0.6%
▼0.6%
Price Per Square Foot
$735
$746
$793
▲7.9%
▲6.3%
Average DOM
91
86
83
▼8.9%
▼3.1%
Sales Sold at Original List Price
101
84
97
▼4.0%
▲15.5%
Top Sale Price
$51,250,000
$50,500,000
$55,500,000
▲8.3%
▲9.9%
Total Sale Volume
$3,361,345,191
$2,723,842,012
$3,454,319,372 ▲2.8%
▲26.8%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
339
352
300
▼11.5%
▼14.8%
Average Sales Price
$2,389,365
$2,580,485
$2,704,922
▲13.2%
▲4.8%
Median Sales Price
$1,675,000
$1,994,000
$1,887,500
▲12.7%
▼5.3%
Average Square Footage
2,363
2,384
2,486
▲5.2%
▲4.3%
Price Per Square Foot
$969
$1,035
$1,049
▲8.3%
▲1.4%
Average DOM
84
72
89
▲6.5%
▲24.4%
Sales Sold at Original List Price
31
118
40
▲29.0%
▼66.1%
Top Sale Price
$27,988,425
$14,900,000
$16,500,000
▼41.0%
▲10.7%
Total Sale Volume
$809,994,831
$908,330,738
$811,476,642
▲0.2%
▼10.7%
LUXURY REPORT
IPRE.COM
LISTED $5,995,000
BOCA RATON & DEL RAY BEACH 2025 | Q2 LUXURY REPORT
BOCA RATON & DELRAY BEACH BEACH TOWN | GOLF | ENTERTAINMENT
Boca Raton truly has it all. Beaches and golf courses, fine hotels and wondrous art museums, jazz clubs and concerts at Mizner Park, the glittery Town Center at Boca Raton shopping mall with 220 upscale and elite specialty shops, and, elsewhere around town, countless family-owned boutiques. Delray Beach is a first-class resort destination and a diverse, vibrant community situated on the Atlantic Ocean. A small and intimate town with big-city sophistication, Delray Beach was voted Most Fun Small Town in America by USA Today.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
447
340
412
▼7.8%
▲21.2%
Average Sales Price
$2,754,949
$2,688,588
$2,583,797
▼6.2%
▼3.9%
Median Sales Price
$1,850,000
$1,775,000
$1,850,000
▲0.0%
▲4.2%
Average Square Footage
3,782
3,728
3,725
▼1.5%
▼0.1%
Price Per Square Foot
$686
$666
$645
▼6.0%
▼3.2%
Average DOM
94
72
72
▼23.7%
▲0.1%
Sales Sold at Original List Price
48
36
42
▼12.5%
▲16.7%
Top Sale Price
$40,000,000
$50,500,000
$31,500,000
▼21.3%
▼37.6%
Total Sale Volume
$1,231,462,327
$914,120,032
$1,064,524,287 ▼13.6%
▲16.5%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
122
185
125
▲2.5%
▼32.4%
Average Sales Price
$2,308,637
$2,408,444
$2,838,092
▲22.9%
▲17.8%
Median Sales Price
$1,640,000
$2,100,000
$1,875,000
▲14.3%
▼10.7%
Average Square Footage
2,464
2,481
2,693
▲9.3%
▲8.5%
Price Per Square Foot
$894
$930
$979
▲9.5%
▲5.3%
Average DOM
88
38
70
▼20.9%
▲81.6%
Sales Sold at Original List Price
10
103
37
▲270.0%
▼64.1%
Top Sale Price
$9,500,000
$13,000,000
$10,000,000
▲5.3%
▼23.1%
Total Sale Volume
$281,653,729
$445,562,150
$354,761,541
▲26.0%
▼20.4%
Top Residential Sale $31.5M 1788 ROYAL PALM WAY, BOCA RATON, FL 33432
LUXURY REPORT
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SOLD $7,775,775
BOYNTON BEACH & OCEAN RIDGE 2025 | Q2 LUXURY REPORT
BOYNTON BEACH & OCEAN RIDGE WATERSPORT | FISHING | SHOPPING
Two county parks and a natural area make Ocean Ridge a maritime, eco-tourist haven. Ocean Inlet Park has a jetty and marina access open 24 hours, making this an excellent spot for boaters and jet skiers to dart to the ocean or Intracoastal Waterway. Boynton Beach, just north of Delray Beach and south of Palm Beach, offers visitors all varieties of seaside recreation, plus enticing shopping. The Boynton Beach Inlet provides nearly direct access to some of the most beautiful coral and artificial reefs. in the Palm Beaches. Boynton Beach’s Oceanfront Park easily earns its reputation as one of South Florida’s most attractive beaches.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
71
65
61
▼14.1%
▼6.2%
Average Sales Price
$1,765,073
$1,603,461
$1,774,744
▲0.5%
▲10.7%
Median Sales Price
$1,300,000
$1,299,000
$1,282,500
▼1.3%
▼1.3%
Average Square Footage
3,462
3,339
3,211
▼7.2%
▼3.8%
Price Per Square Foot
$497
$503
$528
▲6.2%
▲5.0%
Average DOM
71
73
82
▲15.7%
▲12.9%
Sales Sold at Original List Price
5
8
5
▲0.0%
▼37.5%
Top Sale Price
$6,800,000
$5,747,500
$8,250,000
▲21.3%
▲43.5%
Total Sale Volume
$125,320,191
$104,224,972
$108,259,370
▼13.6%
▲3.9%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
6
4
6
▲0.0%
▲50.0%
Average Sales Price
$1,962,500
$2,462,500
$2,335,083
▲19.0%
▼5.2%
Median Sales Price
$1,637,500
$2,775,000
$2,387,500
▲45.8%
▼14.0%
Average Square Footage
2,508
2,623
2,778
▲10.8%
▲5.9%
Price Per Square Foot
$772
$918
$859
▲11.3%
▼6.4%
Average DOM
39
41
66
▲67.4%
▲60.6%
Sales Sold at Original List Price
1
0
1
▲0.0%
-
Top Sale Price
$4,000,000
$3,200,000
$3,525,000
▼11.9%
▲10.2%
Total Sale Volume
$11,775,000
$9,850,000
$14,010,500
▲19.0%
▲42.2%
Top Residential Sale $8.25M 92 ISLAND DR S, OCEAN RIDGE, FL 33435
LUXURY REPORT
IPRE.COM
SOLD $14,500,000
JUPITER 2025 | Q2 LUXURY REPORT
JUPITER GOLF | HISTORY | BOATING
Locals love Jupiter for its breathtaking nature, tiki bars and endless ways to enjoy the water. Hop in a canoe and navigate the Loxahatchee River. At Riverbend Park, you’ll find many amenities, including horse trails and hiking through Seminole Indian historic sites. Right in town, the turquoise lagoons of DuBois Park and Jupiter Beach Park are ideal for swimming, paddleboarding and snorkeling. Jupiter also offers many activities to do on dry land as well!. Towering above the coast, the brick- red Jupiter Inlet Lighthouse is one of the oldest and most iconic structures in The Palm Beaches. Climb all 105 feet to the top for a gull’s-eye view of the coast. Afterwards, wear your best flip-flops to Guanabana’s, Square Grouper Tiki Bar and other low-key local favorites for fresh-caught seafood, tropical drinks, and incredible views.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
143
117
157
▲9.8%
▲34.2%
Average Sales Price
$2,380,837
$3,126,957
$3,402,191
▲42.9%
▲8.8%
Median Sales Price
$1,725,000
$1,750,000
$1,840,000
▲6.7%
▲5.1%
Average Square Footage
3,417
3,637
3,742
▲9.5%
▲2.9%
Price Per Square Foot
$675
$716
$789
▲16.9%
▲10.1%
Average DOM
81
75
86
▲6.4%
▲15.0%
Sales Sold at Original List Price
12
10
17
▲41.7%
▲70.0%
Top Sale Price
$14,000,000
$48,000,000
$20,925,000
▲49.5%
▼56.4%
Total Sale Volume
$340,459,699
$365,853,939
$534,144,055
▲56.9%
▲46.0%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
26
19
23
▼11.5%
▲21.1%
Average Sales Price
$1,889,846
$2,067,242
$2,741,011
▲45.0%
▲32.6%
Median Sales Price
$1,667,500
$1,825,000
$2,150,000
▲28.9%
▲17.8%
Average Square Footage
2,326
2,335
2,634
▲13.3%
▲12.8%
Price Per Square Foot
$814
$880
$993
▲22.0%
▲12.9%
Average DOM
64
56
73
▲13.2%
▲29.5%
Sales Sold at Original List Price
3
3
2
▼33.3%
▼33.3%
Top Sale Price
$3,400,000
$3,800,000
$6,150,000
▲80.9%
▲61.8%
Total Sale Volume
$49,136,000
$39,277,596
$63,043,243
▲28.3%
▲60.5%
Top Residential Sale $20.925M 127 SPINNAKER LN, JUPITER, FL 33477
LUXURY REPORT
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SOLD $21,400,000
JUPITER INLET COLONY 2025 | Q2 LUXURY REPORT
JUPITER INLET COLONY EXCLUSIVE | ISLAND LIFE | YACHTING
The Town of Jupiter Inlet Colony is full of wildlife and beautiful gardens. The beach is accessible from all the homes by taking a short stroll across one of two brick walkways lined by many rare and beautiful flowering plants and trees. Jupiter Inlet Colony has a community park and a private Beach Club located on the Jupiter Inlet. With only eight roads and surrounded by the Intracoastal Waterway, the Atlantic Ocean and the narrow Jupiter Inlet, proximity to all things water is what makes this tiny, residential community, the place for boating, water sports and sport fishing activities.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
1
1
3
▲200.0%
▲200.0%
Average Sales Price
$3,982,400
$6,500,000
$4,416,667
▲10.9%
▼32.1%
Median Sales Price
$3,982,400
$6,500,000
$4,500,000
▲13.0%
▼30.8%
Average Square Footage
2,930
3,593
3,122
▲6.5%
▼13.1%
Price Per Square Foot
$1,359
$1,809
$1,409
▲3.6%
▼22.1%
Average DOM
150
141
197
▲31.3%
▲39.7%
Sales Sold at Original List Price
0
0
0
-
-
Top Sale Price
$3,982,400
$6,500,000
$6,000,000
▲50.7%
▼7.7%
Total Sale Volume
$3,982,400
$6,500,000
$13,250,000
▲232.7%
▲103.8%
Top Residential Sale $6M 129 LIGHTHOUSE DR, JUPITER INLET COLONY, FL 33469
LUXURY REPORT
IPRE.COM
SOLD $19,000,000
MANALAPAN, LANTANA, & HYPOLUXO 2025 | Q2 LUXURY REPORT
MANALAPAN, LANTANA, & HYPOLUXO OCEAN VIEW | RESORTS | WATERFRONT LIVING
The town of Manalapan, Florida, resides along the Intracoastal Waterway and is comprised of two separate areas linked only by water. So if it has to do with water, this is the place to be. If you like to dive, the dive wreck of Lofthus is situated approximately 175 yards off the shore of Manalapan in the Florida Underwater Archaeological Preserve. Staying waterside is easy in this small community. Eau Palm Beach Resort & Spa is a breathtaking oceanfront property with three outstanding restaurants and a spa providing a tranquil and serene environment for all pampering services.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
7
2
9
▲28.6%
▲350.0%
Average Sales Price
$10,774,196
$26,711,550
$8,763,541
▼18.7%
▼67.2%
Median Sales Price
$6,000,000
$26,711,550
$3,500,000
▼41.7%
▼86.9%
Average Square Footage
5,328
10,999
5,269
▼1.1%
▼52.1%
Price Per Square Foot
$1,578
$1,888
$1,095
▼30.6%
▼42.0%
Average DOM
76
379
79
▲3.4%
▼79.2%
Sales Sold at Original List Price
2
0
1
▼50.0%
-
Top Sale Price
$38,500,000
$49,123,100
$55,500,000
▲44.2%
▲13.0%
Total Sale Volume
$75,419,375
$53,423,100
$78,871,872
▲4.6%
▲47.6%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
3
3
3
▲0.0%
▲0.0%
Average Sales Price
$1,983,333
$1,323,333
$1,107,000
▼44.2%
▼16.3%
Median Sales Price
$1,350,000
$1,220,000
$1,096,000
▼18.8%
▼10.2%
Average Square Footage
1,990
1,789
2,418
▲21.5%
▲35.1%
Price Per Square Foot
$997
$761
$458
▼54.1%
▼39.9%
Average DOM
128
185
62
▼51.9%
▼66.7%
Sales Sold at Original List Price
0
0
0
-
-
Top Sale Price
$3,500,000
$1,750,000
$1,175,000
▼66.4%
▼32.9%
Total Sale Volume
$5,950,000
$3,970,000
$3,321,000
▼44.2%
▼16.3%
Top Residential Sale $55.5M 1140 S OCEAN BLVD, LANTANA, FL 33462
LUXURY REPORT
IPRE.COM
LISTED $10,900,000
PALM BEACH GARDENS & NORTH PALM BEACH 2025 | Q2 LUXURY REPORT
PALM BEACH GARDENS & NORTH PALM BEACH GOLF | SHOPPING | FISHING Palm Beach Gardens is home to the headquarters of the Professional Golfers’ Association of America (PGA) and each year hosts legendary professional golfers at The Honda Classic. Palm Beach Gardens also offers fine hotels, a wide variety of recreational enticements and convenient proximity to the beaches. Known worldwide for its recreation, North Palm Beach boasts The Palm Beaches’ only state park. John D. MacArthur Beach State Park is an eco-friendly and family-friendly treasure. Enjoy crystal clear waters and an adventurous lifestyle.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
177
127
143
▼19.2%
▲12.6%
Average Sales Price
$2,275,726
$2,572,237
$2,459,859
▲8.1%
▼4.4%
Median Sales Price
$1,600,000
$1,545,000
$1,680,000
▲5.0%
▲8.7%
Average Square Footage
3,532
3,566
3,604
▲2.0%
▲1.1%
Price Per Square Foot
$610
$652
$639
▲4.8%
▼1.9%
Average DOM
81
80
87
▲8.2%
▲9.8%
Sales Sold at Original List Price
15
13
15
▲0.0%
▲15.4%
Top Sale Price
$15,600,000
$31,900,000
$17,250,000
▲10.6%
▼45.9%
Total Sale Volume
$402,803,483
$326,674,081
$351,759,802
▼12.7%
▲7.7%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
14
13
16
▲14.3%
▲23.1%
Average Sales Price
$2,142,500
$2,312,046
$2,070,000
▼3.4%
▼10.5%
Median Sales Price
$1,750,000
$1,500,000
$1,437,500
▼17.9%
▼4.2%
Average Square Footage
2,692
2,745
2,819
▲4.7%
▲2.7%
Price Per Square Foot
$873
$830
$732
▼16.1%
▼11.9%
Average DOM
109
137
109
▼0.0%
▼20.8%
Sales Sold at Original List Price
0
1
0
-
▼100.0%
Top Sale Price
$5,000,000
$5,600,000
$3,900,000
▼22.0%
▼30.4%
Total Sale Volume
$29,995,000
$30,056,600
$33,120,000
▲10.4%
▲10.2%
Top Residential Sale $17.25M 11279 OLD HARBOUR RD, NORTH PALM BEACH, FL 33408
LUXURY REPORT
IPRE.COM
SOLD $16,300,000
PALM BEACH 2025 | Q2 LUXURY REPORT
PALM BEACH GLAMOUR | SECLUSION | OCEANFRONT
Movie stars, aristocrats and barons of industry have frolicked on Palm Beach’s golden sands since America’s First Resort Destination® rose to favor in the late 1800s. But you don’t need to be a Rockefeller to have your own “once upon a time” moment here. All those in Palm Beach will find a warm welcome, a tropical breeze and plenty of ways to live a modern-day fairy tale. Home to Florida’s oldest golf course, The Breakers was the premier playground of the Gilded Age and still dazzles today. Palm Beach practically invented retail therapy. See and be seen on iconic Worth Avenue, a shopping mecca that often gets mentioned in the same breath as Fifth Avenue and Rodeo Drive.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
21
24
33
▲57.1%
▲37.5%
Average Sales Price
$19,700,714
$15,793,154
$15,943,975
▼19.1%
▲1.0%
Median Sales Price
$10,800,000
$13,975,000
$13,000,000
▲20.4%
▼7.0%
Average Square Footage
4,875
4,964
4,381
▼10.1%
▼11.7%
Price Per Square Foot
$3,409
$3,221
$3,472
▲1.8%
▲7.8%
Average DOM
109
154
164
▲51.2%
▲6.4%
Sales Sold at Original List Price
1
1
0
▼100.0%
▼100.0%
Top Sale Price
$51,250,000
$40,000,000
$51,420,000
▲0.3%
▲28.6%
Total Sale Volume
$413,715,000
$379,035,700
$526,151,188
▲27.2%
▲38.8%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
16
28
24
▲50.0%
▼14.3%
Average Sales Price
$3,092,920
$4,727,277
$4,232,400
▲36.8%
▼10.5%
Median Sales Price
$3,050,000
$3,254,625
$3,025,000
▼0.8%
▼7.1%
Average Square Footage
1,935
2,252
2,204
▲13.9%
▼2.1%
Price Per Square Foot
$1,575
$1,899
$1,786
▲13.4%
▼5.9%
Average Days on Market
108
105
148
▲38.0%
▲41.3%
Sales Sold at Original List Price
2
2
0
▼100.0%
▼100.0%
Top Sale Price
$8,200,000
$14,900,000
$16,500,000
▲101.2%
▲10.7%
Total Sale Volume
$49,486,727
$132,363,750
$101,577,600
▲105.3%
▼23.3%
Top Residential Sale $51.42M 516 S OCEAN BLVD, PALM BEACH, FL 33480
LUXURY REPORT
IPRE.COM
SOLD $5,000,000
SINGER ISLAND 2025 | Q2 LUXURY REPORT
SINGER ISLAND BOUTIQUE | DINING | NATURE
Singer Island, an oceanfront neighborhood part of the city of Riviera Beach, offers a relaxing blend of natural beauty, seven miles of pristine beaches, and upscale hotels and resorts. Nestled on the barrier island, the park also sits in the urban estuary of Lake Worth Lagoon and the Intracoastal Waterway, where you can kayak, canoe, hike short trails, and visit the a nature center. Also available to visitors are superb hotels and meeting facilities on Singer Island with a wide range of shopping opportunities and some of the finest restaurants in all of Florida.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
8
13
14
▲75.0%
▲7.7%
Average Sales Price
$2,722,500
$3,281,462
$2,544,622
▼6.5%
▼22.5%
Median Sales Price
$1,875,000
$2,425,000
$1,852,500
▼1.2%
▼23.6%
Average Square Footage
2,964
3,300
2,517
▼15.1%
▼23.7%
Price Per Square Foot
$856
$894
$1,032
▲20.5%
▲15.4%
Average DOM
117
54
60
▼48.9%
▲9.8%
Sales Sold at Original List Price
0
0
2
-
-
Top Sale Price
$8,000,000
$8,557,000
$5,750,000
▼28.1%
▼32.8%
Total Sale Volume
$21,780,000
$42,659,000
$35,624,702
▲63.6%
▼16.5%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
33
20
20
▼39.4%
▲0.0%
Average Sales Price
$2,012,030
$2,634,175
$2,261,250
▲12.4%
▼14.2%
Median Sales Price
$1,600,000
$1,593,750
$2,300,000
▲43.8%
▲44.3%
Average Square Footage
2,096
2,595
2,357
▲12.5%
▼9.2%
Price Per Square Foot
$924
$921
$916
▼0.9%
▼0.5%
Average Days on Market
74
121
91
▲24.2%
▼24.3%
Sales Sold at Original List Price
6
2
0
▼100.0%
▼100.0%
Top Sale Price
$6,150,000
$11,280,000
$5,700,000
▼7.3%
▼49.5%
Total Sale Volume
$66,397,000
$52,683,500
$45,225,000
▼31.9%
▼14.2%
Top Residential Sale $5.75M 990 POWELL DR, RIVIERA BEACH, FL 33404
LUXURY REPORT
IPRE.COM
LISTED $10,999,998
TEQUESTA 2025 | Q2 LUXURY REPORT
TEQUESTA BOUTIQUE | DINING | NATURE
The Village of Tequesta is a gem located along U.S. 1 west of Jupiter Inlet Colony. It is a close-knit community and the seventh-safest city in all of Florida. Despite only covering 2.3 square miles, the village has numerous parks and community gathering places. Its Coral Cove Park is a popular destination, with ocean views, swimming, snorkeling, stunning natural limestone and reefs that are home to a variety of marine wildlife.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
24
13
16
▼33.3%
▲23.1%
Average Sales Price
$2,407,500
$3,735,846
$3,218,686
▲33.7%
▼13.8%
Median Sales Price
$1,560,000
$1,500,000
$1,665,000
▲6.7%
▲11.0%
Average Square Footage
2,711
3,889
3,655
▲34.8%
▼6.0%
Price Per Square Foot
$832
$751
$755
▼9.2%
▲0.5%
Average DOM
66
110
63
▼4.8%
▼43.1%
Sales Sold at Original List Price
2
2
0
▼100.0%
▼100.0%
Top Sale Price
$9,750,000
$11,500,000
$15,000,000
▲53.8%
▲30.4%
Total Sale Volume
$57,780,000
$48,566,000
$51,498,969
▼10.9%
▲6.0%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
1
3
2
▲100.0%
▼33.3%
Average Sales Price
$2,475,000
$4,056,043
$1,362,500
▼44.9%
▼66.4%
Median Sales Price
$2,475,000
$2,098,780
$1,362,500
▼44.9%
▼35.1%
Average Square Footage
2,925
2,579
1,661
▼43.2%
▼35.6%
Price Per Square Foot
$846
$1,366
$822
▼2.8%
▼39.8%
Average Days on Market
0
99
43
-
▼57.1%
Sales Sold at Original List Price
0
0
0
-
-
Top Sale Price
$2,475,000
$8,980,000
$1,400,000
▼43.4%
▼84.4%
Total Sale Volume
$2,475,000
$12,168,130
$2,725,000
▲10.1%
▼77.6%
Top Residential Sale $14.064M 88 W RIVERSIDE DR, JUPITER, FL 33469
LUXURY REPORT
IPRE.COM
SOLD $4,950,000
WELLINGTON 2025 | Q2 LUXURY REPORT
WELLINGTON EQUESTRIAN | NATURE | POLO
Palm Beach gives way to greener pastures for horse lovers in Wellington. Home to an internationally recognized equestrian community (with a social scene to match), this city offers endless opportunities to play by day and ride off into the sunset at night. Each January through April, Wellington’s equestrian season leaps into action. The Winter Equestrian Festival welcomes the world’s top riders in show jumping and dressage for 12 weeks of competition. During Palm Beach International Polo Season, you can’t swing a mallet without hitting a daily event or field-side brunch.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
73
45
51
▼30.1%
▲13.3%
Average Sales Price
$2,395,562
$2,398,513
$2,984,943
▲24.6%
▲24.4%
Median Sales Price
$1,295,000
$1,600,000
$1,487,500
▲14.9%
▼7.0%
Average Square Footage
3,660
3,641
3,669
▲0.2%
▲0.8%
Price Per Square Foot
$776
$667
$833
▲7.3%
▲24.8%
Average DOM
95
113
108
▲13.3%
▼4.4%
Sales Sold at Original List Price
7
5
5
▼28.6%
▲0.0%
Top Sale Price
$9,500,000
$8,500,000
$25,500,000
▲168.4%
▲200.0%
Total Sale Volume
$174,876,000
$107,933,100
$152,232,081
▼12.9%
▲41.0%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
6
4
5
▼16.7%
▲25.0%
Average Sales Price
$1,239,500
$1,987,500
$1,637,000
▲32.1%
▼17.6%
Median Sales Price
$1,130,000
$1,875,000
$1,795,000
▲58.8%
▼4.3%
Average Square Footage
2,149
1,996
2,165
▲0.8%
▲8.5%
Price Per Square Foot
$621
$972
$756
▲21.6%
▼22.2%
Average DOM
56
134
68
▲21.4%
▼49.1%
Sales Sold at Original List Price
0
1
0
-
▼100.0%
Top Sale Price
$1,680,000
$3,100,000
$2,200,000
▲31.0%
▼29.0%
Total Sale Volume
$7,437,000
$7,950,000
$8,185,000
▲10.1%
▲3.0%
Top Residential Sale $25.5M 3585 OLDE HAMPTON DR, WELLINGTON, FL 33414
LUXURY REPORT
IPRE.COM
SOLD $8,048,000
WEST PALM BEACH 2025 | Q2 LUXURY REPORT
WEST PALM BEACH DINING | CULTURE | HISTORY
Located along Florida’s Atlantic Ocean coast, West Palm Beach offers visitors year-round excitement within easy reach of smooth-sand beaches and some of the nation’s most enticing waterways. Exquisite shops, fine dining, Broadway-quality shows, a world-renowned art museum and more - this is what awaits the fortunate visitor to West Palm Beach. Downtown West Palm Beach is home to four retail and entertainment districts: Clematis Street, Rosemary Square, Northwood Village, and Antique Row. These vibrant pieces of West Palm Beach are lined with fashionable bars, nightclubs, boutiques and collectibles.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
99
91
111
▲12.1%
▲22.0%
Average Sales Price
$2,577,685
$2,145,798
$2,862,326
▲11.0%
▲33.4%
Median Sales Price
$1,825,000
$1,650,000
$1,850,000
▲1.4%
▲12.1%
Average Square Footage
3,239
3,031
3,165
▼2.3%
▲4.4%
Price Per Square Foot
$806
$758
$836
▲3.8%
▲10.4%
Average DOM
107
120
83
▼22.2%
▼30.8%
Sales Sold at Original List Price
5
7
6
▲20.0%
▼14.3%
Top Sale Price
$9,375,000
$7,000,000
$28,200,000
▲200.8%
▲302.9%
Total Sale Volume
$255,190,775
$195,267,588
$317,718,194
▲24.5%
▲62.7%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
49
30
18
▼63.3%
▼40.0%
Average Sales Price
$3,216,876
$2,520,147
$2,761,083
▼14.2%
▲9.6%
Median Sales Price
$1,595,000
$1,650,000
$1,818,250
▲14.0%
▲10.2%
Average Square Footage
2,553
2,018
2,377
▼6.9%
▲17.8%
Price Per Square Foot
$1,045
$1,124
$1,043
▼0.2%
▼7.2%
Average DOM
85
114
103
▲21.8%
▼9.3%
Sales Sold at Original List Price
5
4
0
▼100.0%
▼100.0%
Top Sale Price
$27,988,425
$14,900,000
$12,543,000
▼55.2%
▼15.8%
Total Sale Volume
$157,626,925
$75,604,412
$49,699,500
▼68.5%
▼34.3%
Top Residential Sale $28.2M 3030 WASHINGTON RD, WEST PALM BEACH, FL 33405
LUXURY REPORT
IPRE.COM
SOLD $4,900,000
TREASURE COAST 2025 | Q2 LUXURY REPORT
TREASURE COAST SERENITY IN PARADISE
The Treasure Coast luxury residential market again experienced year-over-year gains in total single- family and condominium sales during the second quarter of 2025. On the high-end single-family side, total transactions increased by 3.2% year-over-year to 97, while condo sales surged by 42.9% to 30. The average sales price followed suit, rising 6.6% year-over-year to $3.58 million for single-family homes and 40.1% year-over-year to $2.14 million for condos. This region is emerging as a cost-effective alternative to Palm Beach County for certain luxury buyers, and there is significant development occurring throughout the Treasure Coast to complement its residential population growth. Sewall’s Point enjoyed a 91.7% year- over-year leap in total luxury single-family sales and a 79.9% year-over-year gain in average sales price. Stuart recorded a whopping 150% year-over-year jump in high-end condo transactions, with the average sales price climbing 17.5% year-over-year to $2 million.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
94
91
97
▲3.2%
▲6.6%
Average Sales Price
$3,354,889
$4,166,149
$3,577,451
▲6.6%
▼14.1%
Median Sales Price
$1,729,788
$1,545,000
$1,579,000
▼8.7%
▲2.2%
Average Square Footage
3,690
3,845
3,904
▲5.8%
▲1.5%
Price Per Square Foot
$735
$823
$789
▲7.4%
▼4.1%
Average Days on Market
86
111
123
▲42.7%
▲11.0%
Sales Sold at Original List Price
12
12
5
▼58.3%
▼58.3%
Top Sale Price
$33,000,000
$39,000,000
$31,954,500
▼3.2%
▼18.1%
Total Sale Volume
$315,359,543
$379,119,594
$347,012,716
▲10.0%
▼8.5%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
21
15
30
▲42.9%
▲100.0%
Average Sales Price
$1,530,238
$1,911,800
$2,143,250
▲40.1%
▲12.1%
Median Sales Price
$1,300,000
$1,475,000
$2,081,250
▲60.1%
▲41.1%
Average Square Footage
2,257
2,775
2,521
▲11.7%
▼9.2%
Price Per Square Foot
$702
$668
$839
▲19.6%
▲25.7%
Average Days on Market
102
114
245
▲139.8%
▲114.6%
Sales Sold at Original List Price
1
0
3
▲200.0%
-
Top Sale Price
$2,900,000
$3,900,000
$4,100,000
▲41.4%
▲5.1%
Total Sale Volume
$32,135,000
$28,677,000
$64,297,500
▲100.1%
▲124.2%
LUXURY REPORT
IPRE.COM
SOLD $14,000,000
HOBE SOUND 2025 | Q2 LUXURY REPORT
HOBE SOUND NATURE | RELAXED | BEACH TOWN
Nestled between Jupiter and Stuart along the Atlantic coast, Hobe Sound features picturesque nature attractions, beaches and parks. Jonathan Dickinson State Park is a big hit with camping and canoeing enthusiasts, while Blowing Rocks Preserve is a snorkeling haven with limestone formations that are the largest on the east coast. Hobe Sound’s beach town appeal is enhanced by its mix of antique stores, art galleries and beachfront eateries.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
7
4
9
▲28.6%
▲125.0%
Average Sales Price
$1,350,000
$1,742,000
$2,847,222
▲110.9%
▲63.4%
Median Sales Price
$1,100,000
$1,150,000
$2,850,000
▲159.1%
▲147.8%
Average Square Footage
2,951
3,074
3,658
▲24.0%
▲19.0%
Price Per Square Foot
$453
$525
$736
▲62.3%
▲40.1%
Average Days on Market
12
80
80
▲579.1%
▲0.1%
Sales Sold at Original List Price
2
1
1
▼50.0%
▲0.0%
Top Sale Price
$2,250,000
$3,619,000
$5,450,000
▲142.2%
▲50.6%
Total Sale Volume
$9,450,000
$6,968,000
$25,625,000
▲171.2%
▲267.8%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
1
Number of Sales
3
▲200.0%
-
$1,435,000 $1,435,000
Average Sales Price
$1,741,667
▲21.4%
-
Median Sales Price
$1,450,000
▲1.0%
-
2,196 $653
Average Square Footage
2,356
▲7.3%
-
Price Per Square Foot
$777
▲18.9%
-
4 0
Average Days on Market
20
▲391.7%
-
Sales Sold at Original List Price
2
-
-
$1,435,000 $1,435,000
Top Sale Price
$2,325,000
▲62.0%
-
Total Sale Volume
$5,225,000
▲264.1%
-
Top Residential Sale $5.45M 6801 SE WOOD LARK LN, HOBE SOUND, FL 33455
LUXURY REPORT
IPRE.COM
SOLD $15,000,000
HUTCHINSON ISLAND 2025 | Q2 LUXURY REPORT
HUTCHINSON ISLAND OCEANFRONT | SECLUSION | DINING
Located off the coast of Martin and St. Lucie counties, Hutchinson Island is a barrier island bordered by the Atlantic Ocean on the east and the Indian River on the west. Hutchinson Island is home to the Elliot Museum, the historic House of Refuge, and the Florida Oceanographic Society. Here you will find miles of beautiful, sandy beaches to enjoy, with free public access on this down-to- earth island that offers cultural events and activities for the whole family. Hotels, vacation rentals, fine restaurants – Hutchinson Island has it all. The island also is a great place to enjoy Florida wildlife at its finest. A true jewel, Hutchinson Island is a wonderful place to fish, play golf or just stare at the enchanting Atlantic.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
8
15
6
▼25.0%
▼60.0%
Average Sales Price
$4,563,750
$5,812,667
$3,126,667
▼31.5%
▼46.2%
Median Sales Price
$2,620,000
$5,000,000
$3,225,000
▲23.1%
▼35.5%
Average Square Footage
4,360
4,601
3,663
▼16.0%
▼20.4%
Price Per Square Foot
$893
$1,023
$770
▼13.8%
▼24.7%
Average Days on Market
127
143
164
▲29.3%
▲14.4%
Sales Sold at Original List Price
1
0
0
▼100.0%
-
Top Sale Price
$9,200,000
$17,000,000
$5,100,000
▼44.6%
▼70.0%
Total Sale Volume
$36,510,000
$87,190,000
$18,760,000
▼48.6%
▼78.5%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
7
7
-
-
Average Sales Price
$1,270,000
$1,360,000
-
-
Median Sales Price
$1,250,000
$1,335,000
-
-
Average Square Footage
2,512
2,670
-
-
Price Per Square Foot
$473
$509
-
-
Average Days on Market
145
69
-
-
Sales Sold at Original List Price
0
0
-
-
Top Sale Price
$1,665,000
$1,475,000
-
-
Total Sale Volume
$8,890,000
$9,520,000
-
-
Top Residential Sale $5.1M 4410 N HIGHWAY A1A, HUTCHINSON ISLAND, FL 34949
LUXURY REPORT
IPRE.COM
LISTED $49,500,000
JUPITER ISLAND 2025 | Q2 LUXURY REPORT
JUPITER ISLAND WATERVIEWS | HISTORY | BOATING
The Town of Jupiter Island is a coveted place to call home, a tropical paradise with gorgeous banyan tree canopies, beaches and many outdoor activities. The 17-mile long island is flanked by the Atlantic Ocean and Intracoastal Waterway, in close proximity to some of the Treasure Coast’s top recreational, cultural and sporting facilities. It is also a convenient drive away from the Palm Beach International Airport and Stuart Jet Center. Much of Jupiter Island’s acreage has been protected as nature and wildlife preserves.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
8
8
7
▼12.5%
▼12.5%
Average Sales Price
$16,069,688
$19,970,615
$16,268,500
▲1.2%
▼18.5%
Median Sales Price
$11,575,000
$21,995,213
$16,000,000
▲38.2%
▼27.3%
Average Square Footage
5,682
7,414
5,331
▼6.2%
▼28.1%
Price Per Square Foot
$2,914
$2,468
$3,387
▲16.3%
▲37.3%
Average Days on Market
106
112
70
▼34.2%
▼37.8%
Sales Sold at Original List Price
2
0
1
▼50.0%
-
Top Sale Price
$33,000,000
$39,000,000
$31,954,500
▼3.2%
▼18.1%
Total Sale Volume
$128,557,500
$159,764,920
$113,879,500
▼11.4%
▼28.7%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
5
1
7
▲40.0%
▲600.0%
Average Sales Price
$1,635,000
$2,500,000
$2,717,500
▲66.2%
▲8.7%
Median Sales Price
$1,400,000
$2,500,000
$2,300,000
▲64.3%
▼8.0%
Average Square Footage
2,028
2,979
2,737
▲35.0%
▼8.1%
Price Per Square Foot
$799
$839
$991
▲24.0%
▲18.1%
Average Days on Market
101
134
165
▲63.7%
▲23.1%
Sales Sold at Original List Price
0
0
1
-
-
Top Sale Price
$2,475,000
$2,500,000
$4,100,000
▲65.7%
▲64.0%
Total Sale Volume
$8,175,000
$2,500,000
$19,022,500
▲132.7%
▲660.9%
Top Residential Sale $31.954M 433 S BEACH RD, JUPITER ISLAND, FL 33455
LUXURY REPORT
IPRE.COM
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