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 2024 | Q3
IPRE.COM
Personalized Service Never Goes Out of Style.
$9.3B REAL ESTATE SERVICES
$7.4B TOTAL SALES VOLUME
$3B+ CLOSED LUX URY SALES
$464M COMMERCIAL SALES
23,236 TOTAL TRANSACTIONS
THE #1 INDEPENDENTLY OWNED BROKERAGE IN FLORIDA
THE #1 REAL ESTATE BROKER IN NORTHERN PALM BEACH COUNTY
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 2023 calendar year.
A message from Mike Pappas
South Florida’s luxury residential market held its ground through the third quarter of 2024, staying relatively steady compared to the same time last year, despite the usual summer slowdown in activity. Across Miami-Dade, Broward, Palm Beach counties, the Treasure Coast, and Southwest Florida, luxury single-family home sales dipped slightly by 3% year-over-year, totaling 2,429 transactions. On the flip side, the price per square foot for these high-end homes saw a 4% increase, now averaging $696. Meanwhile, the luxury condo market faced a bit more of a challenge, with transactions down 7.2%, dropping from 890 to 826 units. For condos that did sell, the price per square foot slipped just a bit, down 2% year-over-year to $963. In the tri-county area, Miami-Dade was a standout performer. The county posted a notable 9.8% year-over-year increase in luxury single-family home sales, reaching 673 transactions. Prices also climbed, with a 7.5% increase in the average price per square foot, bringing it to $824. Palm Beach County remained steady in its luxury single-family sales, holding firm at 777 $1 million-plus transactions, while also seeing a modest 3.8% uptick in luxury condo sales. Broward County, on the other hand, experienced a more sluggish quarter, with a 3.2% dip in luxury single-family home sales and a sharper 16.7% drop in condo transactions. Further north, the Treasure Coast felt the summer slowdown more acutely, with a significant year-over-year decline in both luxury single- family (down 17.8%) and condo sales (down 7.9%) for the third quarter. In Southwest Florida, the market was more of a mixed bag. The luxury single-family home segment saw a steep 21.9% decline in sales, but the condo market fared better, posting a 4.7% year-over-year gain, with 157 high-end transactions. Looking ahead, we can only wonder: will the post-election buzz stir up a flurry of luxury sales in the final weeks of 2024, or will buyers and sellers take a wait-and-see approach, holding off until the new year? Either way, we’re likely to see a significant uptick in activity in the coming months.
CEO Illustrated Properties Mike Pappas
LUXURY REPORT
IPRE.COM
SOUTH FLORIDA 2024 | Q3 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
2023 Q3
2024 Q2
2024 Q3
Number of Sales
2505
3526
2429
▼3.0%
▼31.1%
Average Sales Price
$2,397,449
$2,653,689
$2,462,549
▲2.7%
▼7.2%
Median Sales Price
$1,550,000
$1,615,000
$1,550,000
▲0.0%
▼4.0%
Average Square Footage
3,365
3,378
3,332
▼1.0%
▼1.4%
Price Per Square Foot
$669
$724
$696
▲4.0%
▼3.9%
Average DOM
99
103
105
▲6.0%
▲2.4%
Sales Sold at Original List Price
238
315
165
▼30.7%
▼47.6%
Top Sale Price
$57,000,000
$62,500,000
$42,500,000
▼25.4%
▼32.0%
Total Sale Volume
$6,005,610,040
$9,356,906,398 $5,981,532,673 ▼0.4%
▼36.1%
Condos & Townhomes
% Change (1 Year)
% Change (1 Quarter)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
890
1362
826
▼7.2%
▼39.4%
Average Sales Price
$2,240,944
$2,421,572
$2,222,215
▼0.8%
▼8.2%
Median Sales Price
$1,600,000
$1,675,000
$1,610,000
▲0.6%
▼3.9%
Average Square Footage
2,240
2,320
2,286
▲2.1%
▼1.5%
Price Per Square Foot
$982
$1,015
$963
▼2.0%
▼5.1%
Average DOM
145
129
166
▲14.0%
▲28.6%
Sales Sold at Original List Price
116
109
78
▼32.8%
▼28.4%
Top Sale Price
$24,175,000
$37,000,000
$19,500,000
▼19.3%
▼47.3%
Total Sale Volume
$1,994,440,137
$3,298,181,132
$1,835,549,218 ▼8.0%
▼44.3%
Top 5 States for Incoming Buyers NEW YORK | NEW JERSEY | ILLINOIS | OHIO | MASSACHUSETTS
LUXURY REPORT
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PALM BEACH COUNTY 2024 | Q3 LUXURY REPORT
PALM BEACH COUNTY FLORIDA’S PLAYGROUND FOR THE WEALTHY
Palm Beach County stayed flat with luxury single-family sales and posted modest year-over-year gains in high-end condo transactions. The county’s 777 $1 million-and-up single-family sales matched its output from the third quarter of 2023. The single-family price per square foot increased 4% year-over- year to $684. Luxury condo sales increased 3.8% year-over-year to 193, with the price per square foot falling 16.6% to $880. The county’s biggest year-over-year gainers in luxury single-family sales include Palm Beach Island (80%), West Palm Beach (67.4%) and Juno Beach (20%). Singer Island experienced a whopping 231.3% year-over-year uptick in high-end condo transactions, while the 25% year-over-year jump in Boca Raton/Delray Beach was the main driver for the countywide increase.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
777
1144
777
▲0.0%
▼32.1%
Average Sales Price
$2,449,383
$2,875,259
$2,581,915
▲5.4%
▼10.2%
Median Sales Price
$1,595,000
$1,700,000
$1,625,000
▲1.9%
▼4.4%
Average Square Footage
3,558
3,598
3,584
▲0.7%
▼0.4%
Price Per Square Foot
$657
$732
$684
▲4.0%
▼6.5%
Average DOM
74
91
84
▲14.2%
▼7.2%
Sales Sold at Original List Price
94
97
58
▼38.3%
▼40.2%
Top Sale Price
$50,000,000
$51,250,000
$42,500,000
▼15.0%
▼17.1%
Total Sale Volume
$1,903,170,886
$3,289,296,452 $2,006,147,718 ▲5.4%
▼39.0%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
186
334
193
▲3.8%
▼42.2%
Average Sales Price
$2,404,835
$2,391,921
$1,973,088
▼18.0%
▼17.5%
Median Sales Price
$1,806,500
$1,675,000
$1,550,000
▼14.2%
▼7.5%
Average Square Footage
2,321
2,368
2,229
▼4.0%
▼5.9%
Price Per Square Foot
$1,055
$968
$880
▼16.6%
▼9.1%
Average DOM
93
82
85
▼9.5%
▲3.5%
Sales Sold at Original List Price
50
32
44
▼12.0%
▲37.5%
Top Sale Price
$16,000,000
$27,988,425
$9,400,000
▼41.3%
▼66.4%
Total Sale Volume
$447,299,240
$798,901,626
$380,806,066 ▼14.9%
▼52.3%
LUXURY REPORT
IPRE.COM
LISTED $5,995,000
BOCA RATON & DEL RAY BEACH 2024 | Q3 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
2023 Q3
2024 Q2
2024 Q3
Number of Sales
324
444
349
▲7.7%
▼21.4%
Average Sales Price
$2,415,739
$2,738,401
$2,537,410
▲5.0%
▼7.3%
Median Sales Price
$1,735,438
$1,850,000
$1,740,000
▲0.3%
▼5.9%
Average Square Footage
3,681
3,781
3,704
▲0.6%
▼2.0%
Price Per Square Foot
$635
$683
$644
▲1.5%
▼5.6%
Average DOM
61
94
76
▲25.9%
▼18.7%
Sales Sold at Original List Price
45
47
31
▼31.1%
▼34.0%
Top Sale Price
$23,500,000
$40,000,000
$28,500,000
▲21.3%
▼28.8%
Total Sale Volume
$782,699,442
$1,215,849,894 $885,556,095 ▲13.1%
▼27.2%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
56
120
70
▲25.0%
▼41.7%
Average Sales Price
$1,967,574
$2,288,979
$1,985,772
▲0.9%
▼13.2%
Median Sales Price
$1,600,000
$1,602,500
$1,467,500
▼8.3%
▼8.4%
Average Square Footage
2,357
2,453
2,408
▲2.2%
▼1.8%
Price Per Square Foot
$852
$889
$811
▼4.8%
▼8.8%
Average DOM
73
84
80
▲8.7%
▼5.2%
Sales Sold at Original List Price
4
11
4
▲0.0%
▼63.6%
Top Sale Price
$6,000,000
$9,500,000
$9,400,000
▲56.7%
▼1.1%
Total Sale Volume
$110,184,123
$274,677,524
$139,004,066
▲26.2%
▼49.4%
Top Residential Sale $28.5M 360 E ALEXANDER PALM RD, BOCA RATON, FL 33432
LUXURY REPORT
IPRE.COM
SOLD $7,775,775
BOYNTON BEACH & OCEAN RIDGE 2024 | Q3 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
2023 Q3
2024 Q2
2024 Q3
Number of Sales
54
70
46
▼14.8%
▼34.3%
Average Sales Price
$1,491,678
$1,765,198
$1,746,009
▲17.0%
▼1.1%
Median Sales Price
$1,245,000
$1,300,000
$1,317,500
▲5.8%
▲1.3%
Average Square Footage
3,273
3,458
3,372
▲3.0%
▼2.5%
Price Per Square Foot
$484
$497
$534
▲10.4%
▲7.3%
Average DOM
61
72
56
▼8.9%
▼22.8%
Sales Sold at Original List Price
10
4
4
▼60.0%
▲0.0%
Top Sale Price
$3,925,000
$6,800,000
$6,900,000
▲75.8%
▲1.5%
Total Sale Volume
$80,550,603
$123,563,885
$80,316,400
▼0.3%
▼35.0%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
4
7
2
▼50.0%
▼71.4%
Average Sales Price
$1,673,750
$2,060,714
$1,882,500
▲12.5%
▼8.6%
Median Sales Price
$1,322,500
$1,650,000
$1,882,500
▲42.3%
▲14.1%
Average Square Footage
2,017
2,643
2,179
▲8.0%
▼17.6%
Price Per Square Foot
$832
$771
$841
▲1.1%
▲9.1%
Average DOM
46
38
143
▲210.9%
▲280.6%
Sales Sold at Original List Price
3
1
0
▼100.0%
▼100.0%
Top Sale Price
$2,850,000
$4,000,000
$2,740,000
▼3.9%
▼31.5%
Total Sale Volume
$6,695,000
$14,425,000
$3,765,000
▼43.8%
▼73.9%
Top Residential Sale $6.9M 1 OSPREY CT, OCEAN RIDGE, FL 33435
LUXURY REPORT
IPRE.COM
SOLD $14,500,000
JUPITER 2024 | Q3 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
2023 Q3
2024 Q2
2024 Q3
Number of Sales
104
144
94
▼9.6%
▼34.7%
Average Sales Price
$2,261,303
$2,374,512
$2,518,976
▲11.4%
▲6.1%
Median Sales Price
$1,655,000
$1,712,500
$1,585,000
▼4.2%
▼7.4%
Average Square Footage
3,293
3,414
3,414
▲3.7%
▲0.0%
Price Per Square Foot
$666
$674
$685
▲2.8%
▲1.6%
Average DOM
79
80
74
▼7.3%
▼8.4%
Sales Sold at Original List Price
11
12
5
▼54.5%
▼58.3%
Top Sale Price
$11,400,000
$14,000,000
$13,625,000
▲19.5%
▼2.7%
Total Sale Volume
$235,175,471
$341,929,699
$236,783,748
▲0.7%
▼30.8%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
8
26
9
▲12.5%
▼65.4%
Average Sales Price
$2,142,500
$1,889,846
$2,004,111
▼6.5%
▲6.0%
Median Sales Price
$2,212,500
$1,667,500
$1,670,000
▼24.5%
▲0.1%
Average Square Footage
2,303
2,326
2,306
▲0.2%
▼0.8%
Price Per Square Foot
$917
$814
$886
▼3.3%
▲8.9%
Average DOM
46
64
111
▲141.4%
▲72.8%
Sales Sold at Original List Price
0
3
0
-
▼100.0%
Top Sale Price
$2,950,000
$3,400,000
$4,127,000
▲39.9%
▲21.4%
Total Sale Volume
$17,140,000
$49,136,000
$18,037,000
▲5.2%
▼63.3%
Top Residential Sale $13.625M 349 EAGLE DR, JUPITER, FL 33477
LUXURY REPORT
IPRE.COM
SOLD $21,400,000
JUPITER INLET COLONY 2024 | Q3 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
2023 Q3
2024 Q2
2024 Q3
Number of Sales
1
-
-
Average Sales Price
$3,982,400
-
-
Median Sales Price
$3,982,400
-
-
Average Square Footage
2,930
-
-
Price Per Square Foot
$1,359
-
-
Average DOM
150
-
-
Sales Sold at Original List Price
0
-
-
Top Sale Price
$3,982,400
-
-
Total Sale Volume
$3,982,400
-
-
Top Residential Sale $10.5M 81 LIGHTHOUSE DR, JUPITER INLET COLONY, FL 33469
LUXURY REPORT
IPRE.COM
SOLD $19,000,000
MANALAPAN, LANTANA, & HYPOLUXO 2024 | Q3 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
2023 Q3
2024 Q2
2024 Q3
Number of Sales
7
7
4
▼42.9%
▼42.9%
Average Sales Price
$6,128,571
$10,774,196
$8,100,000
▲32.2%
▼24.8%
Median Sales Price
$2,400,000
$6,000,000
$6,262,500
▲160.9%
▲4.4%
Average Square Footage
2,958
5,328
4,448
▲50.4%
▼16.5%
Price Per Square Foot
$1,679
$1,578
$1,533
▼8.7%
▼2.8%
Average DOM
95
76
95
▼0.1%
▲23.9%
Sales Sold at Original List Price
0
2
0
-
▼100.0%
Top Sale Price
$16,500,000
$38,500,000
$18,250,000
▲10.6%
▼52.6%
Total Sale Volume
$42,900,000
$75,419,375
$32,400,000
▼24.5%
▼57.0%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
3
1
-
▼66.7%
Average Sales Price
$1,983,333
$1,450,000
-
▼26.9%
Median Sales Price
$1,350,000
$1,450,000
-
▲7.4%
Average Square Footage
1,990
2,115
-
▲6.3%
Price Per Square Foot
$997
$686
-
▼31.3%
Average DOM
128
49
-
▼61.8%
Sales Sold at Original List Price
0
0
-
-
Top Sale Price
$3,500,000
$1,450,000
-
▼58.6%
Total Sale Volume
$5,950,000
$1,450,000
-
▼75.6%
Top Residential Sale $18.25M 3 OCEAN LN, LANTANA, FL 33462
LUXURY REPORT
IPRE.COM
LISTED $10,900,000
PALM BEACH GARDENS & NORTH PALM BEACH 2024 | Q3 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
2023 Q3
2024 Q2
2024 Q3
Number of Sales
121
177
104
▼14.0%
▼41.2%
Average Sales Price
$2,051,796
$2,275,726
$2,200,194
▲7.2%
▼3.3%
Median Sales Price
$1,500,000
$1,600,000
$1,549,995
▲3.3%
▼3.1%
Average Square Footage
3,578
3,532
3,521
▼1.6%
▼0.3%
Price Per Square Foot
$560
$610
$603
▲7.5%
▼1.2%
Average DOM
78
81
86
▲10.5%
▲6.9%
Sales Sold at Original List Price
19
15
10
▼47.4%
▼33.3%
Top Sale Price
$7,143,475
$15,600,000
$12,750,000
▲78.5%
▼18.3%
Total Sale Volume
$248,267,346
$402,803,483
$228,820,179
▼7.8%
▼43.2%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
11
14
8
▼27.3%
▼42.9%
Average Sales Price
$1,691,818
$2,142,500
$1,975,000
▲16.7%
▼7.8%
Median Sales Price
$1,525,000
$1,750,000
$1,847,500
▲21.1%
▲5.6%
Average Square Footage
2,562
2,692
2,445
▼4.6%
▼9.2%
Price Per Square Foot
$661
$873
$846
▲27.9%
▼3.1%
Average DOM
113
109
73
▼35.7%
▼33.3%
Sales Sold at Original List Price
1
0
0
▼100.0%
-
Top Sale Price
$4,000,000
$5,000,000
$3,050,000
▼23.8%
▼39.0%
Total Sale Volume
$18,610,000
$29,995,000
$15,800,000
▼15.1%
▼47.3%
Top Residential Sale $14.4M 107 BOWSPRIT DR, NORTH PALM BEACH, FL 33408
LUXURY REPORT
IPRE.COM
SOLD $16,300,000
PALM BEACH 2024 | Q3 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
2023 Q3
2024 Q2
2024 Q3
Number of Sales
5
21
9
▲80.0%
▼57.1%
Average Sales Price
$19,415,000
$19,700,714
$14,389,503
▼25.9%
▼27.0%
Median Sales Price
$14,000,000
$10,800,000
$9,280,000
▼33.7%
▼14.1%
Average Square Footage
4,594
4,875
4,451
▼3.1%
▼8.7%
Price Per Square Foot
$4,206
$3,409
$2,902
▼31.0%
▼14.9%
Average DOM
112
109
191
▲70.1%
▲76.2%
Sales Sold at Original List Price
0
1
0
-
▼100.0%
Top Sale Price
$50,000,000
$51,250,000
$42,500,000
▼15.0%
▼17.1%
Total Sale Volume
$97,075,000
$413,715,000
$129,505,525
▲33.4%
▼68.7%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
10
17
4
▼60.0%
▼76.5%
Average Sales Price
$2,280,066
$2,883,682
$2,963,125
▲30.0%
▲2.8%
Median Sales Price
$1,725,000
$1,800,000
$2,926,250
▲69.6%
▲62.6%
Average Square Footage
1,213
1,991
2,384
▲96.6%
▲19.7%
Price Per Square Foot
$1,917
$1,394
$1,317
▼31.3%
▼5.5%
Average Days on Market
68
99
182
▲166.1%
▲83.8%
Sales Sold at Original List Price
0
2
0
-
▼100.0%
Top Sale Price
$5,239,161
$8,200,000
$4,500,000
▼14.1%
▼45.1%
Total Sale Volume
$22,800,661
$49,022,602
$11,852,500
▼48.0%
▼75.8%
Top Residential Sale $42.5M 101 JUNGLE RD, PALM BEACH, FL 33480
LUXURY REPORT
IPRE.COM
SOLD $5,000,000
SINGER ISLAND 2024 | Q3 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)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
4
8
3
▼25.0%
▼62.5%
Average Sales Price
$1,256,125
$2,722,500
$2,075,000
▲65.2%
▼23.8%
Median Sales Price
$1,112,500
$1,875,000
$2,130,000
▲91.5%
▲13.6%
Average Square Footage
1,925
2,964
2,879
▲49.6%
▼2.9%
Price Per Square Foot
$652
$856
$734
▲12.7%
▼14.2%
Average DOM
121
117
109
▼9.5%
▼6.6%
Sales Sold at Original List Price
1
0
0
▼100.0%
-
Top Sale Price
$1,724,500
$8,000,000
$2,845,000
▲65.0%
▼64.4%
Total Sale Volume
$5,024,500
$21,780,000
$6,225,000
▲23.9%
▼71.4%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
16
29
53
▲231.3%
▲82.8%
Average Sales Price
$2,130,750
$2,056,207
$1,764,047
▼17.2%
▼14.2%
Median Sales Price
$1,500,000
$1,600,000
$1,500,000
▲0.0%
▼6.3%
Average Square Footage
2,456
2,128
1,956
▼20.3%
▼8.1%
Price Per Square Foot
$847
$928
$897
▲5.9%
▼3.4%
Average Days on Market
146
68
45
▼69.5%
▼34.2%
Sales Sold at Original List Price
0
6
35
-
▲483.3%
Top Sale Price
$4,185,000
$6,150,000
$4,300,000
▲2.7%
▼30.1%
Total Sale Volume
$34,092,000
$59,630,000
$93,494,500
▲174.2%
▲56.8%
Top Residential Sale $2.845M 1070 GRAND BAHAMA LN, RIVIERA BEACH, FL 33404
LUXURY REPORT
IPRE.COM
LISTED $10,999,998
TEQUESTA 2024 | Q3 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
2023 Q3
2024 Q2
2024 Q3
Number of Sales
19
23
15
▼21.1%
▼34.8%
Average Sales Price
$2,714,982
$2,448,261
$2,144,133
▼21.0%
▼12.4%
Median Sales Price
$1,785,000
$1,625,000
$1,725,000
▼3.4%
▲6.2%
Average Square Footage
3,301
2,702
2,770
▼16.1%
▲2.5%
Price Per Square Foot
$825
$846
$811
▼1.7%
▼4.1%
Average DOM
92
69
77
▼16.4%
▲12.5%
Sales Sold at Original List Price
1
2
0
▼100.0%
▼100.0%
Top Sale Price
$10,316,315
$9,750,000
$4,250,000
▼58.8%
▼56.4%
Total Sale Volume
$51,584,665
$56,310,000
$32,162,000
▼37.7%
▼42.9%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
1
-
-
Average Sales Price
$2,475,000
-
-
Median Sales Price
$2,475,000
-
-
Average Square Footage
2,925
-
-
Price Per Square Foot
$846
-
-
Average Days on Market
0
-
-
Sales Sold at Original List Price
0
-
-
Top Sale Price
$2,475,000
-
-
Total Sale Volume
$2,475,000
-
-
Top Residential Sale $4.25M 19455 PINETREE DR, JUPITER, FL 33469
LUXURY REPORT
IPRE.COM
SOLD $4,950,000
WELLINGTON 2024 | Q3 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
2023 Q3
2024 Q2
2024 Q3
Number of Sales
38
72
38
▲0.0%
▼47.2%
Average Sales Price
$3,270,079
$2,405,500
$2,878,539
▼12.0%
▲19.7%
Median Sales Price
$1,437,500
$1,285,000
$1,496,000
▲4.1%
▲16.4%
Average Square Footage
4,331
3,689
3,922
▼9.4%
▲6.3%
Price Per Square Foot
$688
$772
$749
▲8.9%
▼2.9%
Average DOM
108
91
118
▲9.1%
▲30.1%
Sales Sold at Original List Price
1
7
2
▲100.0%
▼71.4%
Top Sale Price
$21,850,000
$9,500,000
$12,500,000
▼42.8%
▲31.6%
Total Sale Volume
$124,263,000
$173,196,000
$109,384,500
▼12.0%
▼36.8%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
3
6
-
-
Average Sales Price
$1,383,333
$1,239,500
-
-
Median Sales Price
$1,100,000
$1,130,000
-
-
Average Square Footage
1,848
2,149
-
-
Price Per Square Foot
$764
$621
-
-
Average DOM
38
56
-
-
Sales Sold at Original List Price
1
0
-
-
Top Sale Price
$1,950,000
$1,680,000
-
-
Total Sale Volume
$4,150,000
$7,437,000
-
-
Top Residential Sale $12.5M 3410 OLDE HAMPTON DR, WELLINGTON, FL 33414
LUXURY REPORT
IPRE.COM
SOLD $8,048,000
WEST PALM BEACH 2024 | Q3 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
2023 Q3
2024 Q2
2024 Q3
Number of Sales
46
97
77
▲67.4%
▼20.6%
Average Sales Price
$2,254,979
$2,599,905
$2,309,983
▲2.4%
▼11.2%
Median Sales Price
$1,565,000
$1,862,500
$1,515,000
▼3.2%
▼18.7%
Average Square Footage
3,308
3,277
3,359
▲1.5%
▲2.5%
Price Per Square Foot
$683
$801
$697
▲2.1%
▼12.9%
Average DOM
110
109
124
▲12.8%
▲14.1%
Sales Sold at Original List Price
2
3
5
▲150.0%
▲66.7%
Top Sale Price
$6,200,000
$9,375,000
$8,530,000
▲37.6%
▼9.0%
Total Sale Volume
$103,729,045
$252,190,775
$177,868,728
▲71.5%
▼29.5%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
50
49
10
▼80.0%
▼79.6%
Average Sales Price
$3,682,869
$3,216,876
$2,552,000
▼30.7%
▼20.7%
Median Sales Price
$3,625,000
$1,595,000
$1,750,750
▼51.7%
▲9.8%
Average Square Footage
2,503
2,553
2,240
▼10.5%
▼12.2%
Price Per Square Foot
$1,472
$1,045
$1,075
▼26.9%
▲2.9%
Average DOM
123
85
138
▲12.6%
▲63.5%
Sales Sold at Original List Price
38
5
2
▼94.7%
▼60.0%
Top Sale Price
$16,000,000
$27,988,425
$5,800,000
▼63.8%
▼79.3%
Total Sale Volume
$184,143,462
$157,626,925
$25,520,000
▼86.1%
▼83.8%
Top Residential Sale $8.53M 200 ASHWORTH ST, WEST PALM BEACH, FL 33405
LUXURY REPORT
IPRE.COM
SOLD $4,900,000
TREASURE COAST 2024 | Q3 LUXURY REPORT
TREASURE COAST SERENITY IN PARADISE
Palm Beach County stayed flat with luxury single-family sales and posted modest year-over-year gains in high-end condo transactions. The county’s 777 $1 million-and-up single-family sales matched its output from the third quarter of 2023. The single-family price per square foot increased 4% year-over- year to $684. Luxury condo sales increased 3.8% year-over-year to 193, with the price per square foot falling 16.6% to $880. The county’s biggest year-over-year gainers in luxury single-family sales include Palm Beach Island (80%), West Palm Beach (67.4%) and Juno Beach (20%). Singer Island experienced a whopping 231.3% year-over-year uptick in high-end condo transactions, while the 25% year-over-year jump in Boca Raton/Delray Beach was the main driver for the countywide increase.
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
73
93
60
▼17.8%
▼35.5%
Average Sales Price
$2,565,293
$3,380,176
$2,593,233
▲1.1%
▼23.3%
Median Sales Price
$1,280,000
$1,764,575
$1,465,500
▲14.5%
▼16.9%
Average Square Footage
3,490
3,696
3,836
▲9.9%
▲3.8%
Price Per Square Foot
$658
$740
$606
▼7.9%
▼18.1%
Average Days on Market
94
91
130
▲38.2%
▲43.1%
Sales Sold at Original List Price
6
11
8
▲33.3%
▼27.3%
Top Sale Price
$22,000,000
$33,000,000
$18,900,000
▼14.1%
▼42.7%
Total Sale Volume
$187,266,374
$314,356,343
$155,593,951
▼16.9%
▼50.5%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
16
21
12
▼25.0%
▼42.9%
Average Sales Price
$1,306,081
$1,530,238
$2,224,849
▲70.3%
▲45.4%
Median Sales Price
$1,215,640
$1,300,000
$1,925,000
▲58.4%
▲48.1%
Average Square Footage
2,023
2,257
2,706
▲33.8%
▲19.9%
Price Per Square Foot
$656
$702
$814
▲24.1%
▲16.1%
Average Days on Market
387
102
158
▼59.0%
▲55.3%
Sales Sold at Original List Price
3
1
1
▼66.7%
▲0.0%
Top Sale Price
$2,400,000
$2,900,000
$4,241,250
▲76.7%
▲46.3%
Total Sale Volume
$20,897,301
$32,135,000
$26,698,192
▲27.8%
▼16.9%
LUXURY REPORT
IPRE.COM
SOLD $14,000,000
HOBE SOUND 2024 | Q3 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
2023 Q3
2024 Q2
2024 Q3
Number of Sales
1
7
1
▲0.0%
▼85.7%
Average Sales Price
$1,000,000
$1,350,000
$1,030,000
▲3.0%
▼23.7%
Median Sales Price
$1,000,000
$1,100,000
$1,030,000
▲3.0%
▼6.4%
Average Square Footage
2,902
2,951
2,244
▼22.7%
▼24.0%
Price Per Square Foot
$345
$453
$459
▲33.2%
▲1.3%
Average Days on Market
13
12
338
▲2500.0%
▲2785.4%
Sales Sold at Original List Price
0
2
0
-
▼100.0%
Top Sale Price
$1,000,000
$2,250,000
$1,030,000
▲3.0%
▼54.2%
Total Sale Volume
$1,000,000
$9,450,000
$1,030,000
▲3.0%
▼89.1%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
1
Number of Sales
1
-
-
$1,150,000 $1,150,000
Average Sales Price
$1,435,000
-
-
Median Sales Price
$1,435,000
-
-
2,515 $457
Average Square Footage
2,196
-
-
Price Per Square Foot
$653
-
-
164
Average Days on Market
4
-
-
0
Sales Sold at Original List Price
0
-
-
$1,150,000 $1,150,000
Top Sale Price
$1,435,000
-
-
Total Sale Volume
$1,435,000
-
-
Top Residential Sale $1.03M 7754 SE LOBLOLLY BAY DR, HOBE SOUND, FL 33455
LUXURY REPORT
IPRE.COM
SOLD $15,000,000
HUTCHINSON ISLAND 2024 | Q3 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
2023 Q3
2024 Q2
2024 Q3
Number of Sales
5
8
5
▲0.0%
▼37.5%
Average Sales Price
$1,048,800
$4,563,750
$1,235,800
▲17.8%
▼72.9%
Median Sales Price
$1,052,000
$2,620,000
$1,229,000
▲16.8%
▼53.1%
Average Square Footage
2,612
4,360
2,540
▼2.8%
▼41.7%
Price Per Square Foot
$403
$893
$490
▲21.7%
▼45.2%
Average Days on Market
89
127
116
▲30.6%
▼8.3%
Sales Sold at Original List Price
1
1
0
▼100.0%
▼100.0%
Top Sale Price
$1,090,000
$9,200,000
$1,400,000
▲28.4%
▼84.8%
Total Sale Volume
$5,244,000
$36,510,000
$6,179,000
▲17.8%
▼83.1%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
3
Number of Sales
4
7
▼25.0%
▼57.1%
$1,366,667 $1,350,000
Average Sales Price
$1,057,500
$1,270,000
▲29.2%
▲7.6%
Median Sales Price
$1,070,000
$1,250,000
▲26.2%
▲8.0%
2,923 $468
Average Square Footage
2,267
2,512
▲28.9%
▲16.4%
Price Per Square Foot
$470
$473
▼0.4%
▼1.1%
35
Average Days on Market
91
145
▼61.1%
▼75.7%
0
Sales Sold at Original List Price
2
0
▼100.0%
-
$1,400,000 $4,100,000
Top Sale Price
$1,090,000
$1,665,000
▲28.4%
▼15.9%
Total Sale Volume
$4,230,000
$8,890,000
▼3.1%
▼53.9%
Top Residential Sale $1.4M 4400 N HIGHWAY A1A, HUTCHINSON ISLAND, FL 34949
LUXURY REPORT
IPRE.COM
LISTED $49,500,000
JUPITER ISLAND 2024 | Q3 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
2023 Q3
2024 Q2
2024 Q3
Number of Sales
4
8
2
▼50.0%
▼75.0%
Average Sales Price
$14,550,000
$16,069,688
$10,850,000
▼25.4%
▼32.5%
Median Sales Price
$15,650,000
$11,575,000
$10,850,000
▼30.7%
▼6.3%
Average Square Footage
5,541
5,682
12,650
▲128.3%
▲122.6%
Price Per Square Foot
$2,526
$2,914
$1,494
▼40.9%
▼48.7%
Average Days on Market
182
106
521
▲185.6%
▲391.0%
Sales Sold at Original List Price
0
2
0
-
▼100.0%
Top Sale Price
$22,000,000
$33,000,000
$18,900,000
▼14.1%
▼42.7%
Total Sale Volume
$58,200,000
$128,557,500
$21,700,000
▼62.7%
▼83.1%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2023 Q3
2024 Q2
2024 Q3
Number of Sales
1
5
4
▲300.0%
▼20.0%
Average Sales Price
$2,400,000
$1,635,000
$1,991,423
▼17.0%
▲21.8%
Median Sales Price
$2,400,000
$1,400,000
$1,750,000
▼27.1%
▲25.0%
Average Square Footage
2,750
2,028
2,080
▼24.4%
▲2.6%
Price Per Square Foot
$873
$799
$934
▲7.0%
▲16.9%
Average Days on Market
181
101
119
▼34.4%
▲17.8%
Sales Sold at Original List Price
0
0
1
-
-
Top Sale Price
$2,400,000
$2,475,000
$3,250,000
▲35.4%
▲31.3%
Total Sale Volume
$2,400,000
$8,175,000
$7,965,692
▲231.9%
▼2.6%
Top Residential Sale $18.9M 338 S BEACH RD, HOBE SOUND, FL 33455
LUXURY REPORT
IPRE.COM
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