Illustrated Properties Luxury Report

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 | YEAR END

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

While not completely immune from the challenges facing the general housing market, luxury real estate in South Florida enjoyed notable gains in year-over-year transactional activity in 2024 – particularly in the high-end single-family market. Our region remains the place high-net-worth individuals want to be. Across Miami-Dade, Broward, Palm Beach counties, the Treasure Coast and Southwest Florida, luxury single-family sales jumped 8.9% from 9,973 in 2023 to 10,858 in 2024. The region’s condo sector had a 5.1% decline in $1 million-and-up transactions, from 4,335 to 4,116. Both sectors recorded average sales price gains, with the average luxury single-family sales price rising 5.9% to $2.61 million and the average luxury condo sales price increasing 1.2% to $2.37 million. Miami-Dade County’s high-end market shined in 2024, enjoying year-over-year growth in both single-family and condo transactions. Luxury single-family sales surged by 16.6% year- over-year, from 2,324 to 2,710, and high-end condo sales climbed 2% year-over-year, from 1,799 to 1,835. Mirroring the regional trend, both the single-family and condo average sales price rose year-over-year in 2024. The average luxury single-family price rose 7.9% year-over-year to $2.94 million, while the average luxury condo price increased 3.1% year-over-year to $2.62 million. Broward and Palm Beach counties held their own when it came to luxury single-family sales activity. Broward County recorded a 12.4% year-over-year jump in $1 million-and-up transactions (from 2,024 to 2,275), while Palm Beach County posted a 10.5% year-over-year gain (3,154 to 3,484). High-end activity was strong across the tri-county area. South Florida’s luxury market is poised for an even stronger year in 2025, with the presidential election behind us and continued demand domestically and internationally. We are entering the peak season for high-end transactions, so the first two quarters of the year should be extremely busy for luxury buyers, sellers and agents.

CEO Illustrated Properties Mike Pappas

SOUTH FLORIDA 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023 9973

2024

10858

▲8.9%

Average Sales Price

$2,464,912

$2,610,272

▲5.9%

Median Sales Price

$1,555,000

$1,600,000

▲2.9%

Average Square Footage

3,342

3,373

▲0.9%

Price Per Square Foot

$694

$721

▲3.8%

Average DOM

98

107

▲8.3%

Sales Sold at Original List Price

899

857

▼4.7%

Top Sale Price

$79,000,000

$72,250,000

▼8.5%

Total Sale Volume

$24,582,566,735 $28,342,332,850 ▲15.3%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023 4335

2024

Number of Sales

4116

▼5.1%

Average Sales Price

$2,346,180

$2,373,472

▲1.2%

Median Sales Price

$1,675,000

$1,675,000

▲0.0%

Average Square Footage

2,305

2,310

▲0.2%

Price Per Square Foot

$987

$1,002

▲1.6%

Average DOM

136

138

▲1.1%

Sales Sold at Original List Price

562

354

▼37.0%

Top Sale Price

$27,100,000

$48,000,000

▲77.1%

Total Sale Volume

$10,170,691,941

$9,769,210,768 ▼3.9%

Top 5 States for Incoming Buyers NEW YORK | NEW JERSEY | ILLINOIS | MASSACHUSETTS | PENNSYLVANIA

LUXURY REPORT

IPRE.COM

PALM BEACH COUNTY 2024 | YEAR END LUXURY REPORT

PALM BEACH COUNTY FLORIDA’S PLAYGROUND FOR THE WEALTHY

Palm Beach County had no shortage of luxury residential activity in 2024, as it continues to attract relocation activity from wealthy individuals in high-tax states. The county posted a 10.5% year-over-year gain in high-end single-family sales, from 3,154 to 3,484. The average luxury single-family sales price climbed 7.8% year-over-year to $2.81 million. On the high-end condo front, Palm Beach County could not avoid a moderate slowdown in transactions and pricing. The county’s 967 $1 million-and-up condo sales represented a 4.4% year-over-year decline, while the average luxury sales price dropped 7.7% year-over- year to $2.22 million. The county’s biggest luxury single-family gainers included West Palm Beach (34.8% year-over-year), Palm Beach Island (11.2%) and Boca Raton/Delray Beach (11%). The Boca Raton/Delray Beach submarket continues to be the focal point of high-end condo activity in the county, and it had a 13.2% jump in total sales to 361.

Single Family Homes

% CHANGE (1 YEAR)

SINGLE FAMILY Number of Sales

2023

2024 3484

3154

▲10.5%

Average Sales Price

$2,604,794

$2,807,525

▲7.8%

Median Sales Price

$1,600,000

$1,661,250

▲3.8%

Average Square Footage

3,568

3,609

▲1.2%

Price Per Square Foot

$689

$723

▲4.9%

Average DOM

74

88

▲19.0%

Sales Sold at Original List Price

327

292

▼10.7%

Top Sale Price

$63,431,750

$51,250,000

▼19.2%

Total Sale Volume

$8,215,518,979 $9,781,417,903 ▲19.1%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

1012

967

▼4.4%

Average Sales Price

$2,400,505

$2,215,688

▼7.7%

Median Sales Price

$1,817,750

$1,665,000

▼8.4%

Average Square Footage

2,328

2,291

▼1.6%

Price Per Square Foot

$1,004

$953

▼5.1%

Average DOM

76

82

▲8.0%

Sales Sold at Original List Price

216

144

▼33.3%

Top Sale Price

$21,000,000

$27,988,425

▲33.3%

Total Sale Volume

$2,429,310,745 $2,142,570,705 ▼11.8%

LUXURY REPORT

IPRE.COM

LISTED $5,995,000

BOCA RATON & DEL RAY BEACH 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023

2024

1242

1378

▲11.0%

Average Sales Price

$2,408,168

$2,622,445

▲8.9%

Median Sales Price

$1,700,000

$1,800,000

▲5.9%

Average Square Footage

3,686

3,766

▲2.2%

Price Per Square Foot

$631

$660

▲4.6%

Average DOM

65

84

▲28.9%

Sales Sold at Original List Price

149

135

▼9.4%

Top Sale Price

$28,000,000

$40,000,000

▲42.9%

Total Sale Volume

$2,990,944,242$3,613,729,813 ▲20.8%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

319

361

▲13.2%

Average Sales Price

$2,197,612

$2,205,120

▲0.3%

Median Sales Price

$1,600,000

$1,650,000

▲3.1%

Average Square Footage

2,334

2,421

▲3.7%

Price Per Square Foot

$906

$884

▼2.4%

Average DOM

70

82

▲18.2%

Sales Sold at Original List Price

44

27

▼38.6%

Top Sale Price

$13,035,000

$10,796,000

▼17.2%

Total Sale Volume

$701,038,145

$796,048,249 ▲13.6%

Top Residential Sale $3.997M 2499 E MAYA PALM DR, BOCA RATON, FL 33432

LUXURY REPORT

IPRE.COM

SOLD $7,775,775

BOYNTON BEACH & OCEAN RIDGE 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023

2024

216

208

▼3.7%

Average Sales Price

$1,537,545

$1,786,316

▲16.2%

Median Sales Price

$1,299,000

$1,300,000

▲0.1%

Average Square Footage

3,109

3,310

▲6.5%

Price Per Square Foot

$520

$534

▲2.7%

Average DOM

52

60

▲15.2%

Sales Sold at Original List Price

32

30

▼6.3%

Top Sale Price

$6,600,000

$14,500,000

▲119.7%

Total Sale Volume

$332,109,794

$371,553,796

▲11.9%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

16

12

▼25.0%

Average Sales Price

$1,717,375

$2,043,776

▲19.0%

Median Sales Price

$1,542,500

$1,900,000

▲23.2%

Average Square Footage

2,246

2,447

▲8.9%

Price Per Square Foot

$761

$826

▲8.5%

Average DOM

56

67

▲17.8%

Sales Sold at Original List Price

4

1

▼75.0%

Top Sale Price

$3,000,000

$4,000,000

▲33.3%

Total Sale Volume

$27,478,000

$24,525,317

▼10.7%

Top Residential Sale $14.5M 6029 OLD OCEAN BLVD, OCEAN RIDGE, FL 33435

LUXURY REPORT

IPRE.COM

SOLD $14,500,000

JUPITER 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023

2024

448

468

▲4.5%

Average Sales Price

$2,876,862

$2,682,721

▼6.7%

Median Sales Price

$1,750,000

$1,650,000

▼5.7%

Average Square Footage

3,599

3,464

▼3.7%

Price Per Square Foot

$713

$708

▼0.7%

Average DOM

77

76

▼0.4%

Sales Sold at Original List Price

39

32

▼17.9%

Top Sale Price

$27,489,375

$34,000,000

▲23.7%

Total Sale Volume

$1,288,834,299 $1,255,513,289 ▼2.6%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

66

62

▼6.1%

Average Sales Price

$1,992,041

$2,056,863

▲3.3%

Median Sales Price

$1,821,500

$1,862,500

▲2.3%

Average Square Footage

2,334

2,421

▲3.7%

Price Per Square Foot

$847

$844

▼0.4%

Average DOM

56

70

▲25.6%

Sales Sold at Original List Price

10

6

▼40.0%

Top Sale Price

$4,074,675

$4,750,000

▲16.6%

Total Sale Volume

$131,474,675

$127,525,500

▼3.0%

Top Residential Sale $34M 209 COMMODORE DR, JUPITER, FL 33477

LUXURY REPORT

IPRE.COM

SOLD $21,400,000

JUPITER INLET COLONY 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023

2024

10

8

▼20.0%

Average Sales Price

$7,364,000

$10,930,559

▲48.4%

Median Sales Price

$4,747,500

$7,887,500

▲66.1%

Average Square Footage

3,638

4,325

▲18.9%

Price Per Square Foot

$1,870

$2,223

▲18.9%

Average DOM

112

30

▼73.4%

Sales Sold at Original List Price

1

2

▲100.0%

Top Sale Price

$21,400,000

$30,180,000

▲41.0%

Total Sale Volume

$73,640,000

$87,444,470

▲18.7%

Top Residential Sale $30.18M 103 LIGHTHOUSE DR, JUPITER INLET COLONY, FL 33469

LUXURY REPORT

IPRE.COM

SOLD $19,000,000

MANALAPAN, LANTANA, & HYPOLUXO 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023

2024

24

28

▲16.7%

Average Sales Price

$7,278,085

$10,316,502

▲41.7%

Median Sales Price

$2,055,000

$4,100,000

▲99.5%

Average Square Footage

3,887

5,767

▲48.4%

Price Per Square Foot

$1,435

$1,409

▼1.8%

Average DOM

111

129

▲16.3%

Sales Sold at Original List Price

0

2

-

Top Sale Price

$48,373,037

$42,600,000

▼11.9%

Total Sale Volume

$174,674,037

$288,862,060 ▲65.4%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

9

12

▲33.3%

Average Sales Price

$2,032,778

$1,923,750

▼5.4%

Median Sales Price

$1,400,000

$1,725,000

▲23.2%

Average Square Footage

2,262

2,299

▲1.6%

Price Per Square Foot

$853

$875

▲2.5%

Average DOM

44

183

▲315.0%

Sales Sold at Original List Price

2

0

▼100.0%

Top Sale Price

$4,300,000

$3,500,000

▼18.6%

Total Sale Volume

$18,295,000

$23,085,000

▲26.2%

Top Residential Sale $42.6M 1110 S OCEAN BLVD, LANTANA, FL 33462

LUXURY REPORT

IPRE.COM

LISTED $10,900,000

PALM BEACH GARDENS & NORTH PALM BEACH 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023

2024

490

545

▲11.2%

Average Sales Price

$2,210,136

$2,266,107

▲2.5%

Median Sales Price

$1,516,000

$1,587,775

▲4.7%

Average Square Footage

3,618

3,597

▼0.6%

Price Per Square Foot

$571

$595

▲4.0%

Average DOM

67

83

▲22.5%

50

44

▼12.0%

Top Sale Price

$25,500,000

$19,500,000

▼23.5%

Total Sale Volume

$1,082,966,772

$1,235,028,518 ▲14.0%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

46

51

▲10.9%

Average Sales Price

$1,943,580

$2,073,520

▲6.7%

Median Sales Price

$1,705,000

$1,750,000

▲2.6%

Average Square Footage

2,765

2,726

▼1.4%

Price Per Square Foot

$701

$782

▲11.6%

Average DOM

87

66

▼24.2%

Sales Sold at Original List Price

4

3

▼25.0%

Top Sale Price

$5,000,000

$5,000,000

▲0.0%

Total Sale Volume

$89,404,692

$105,749,500

▲18.3%

Top Residential Sale $19.5M 12244 TILLINGHAST CIR, PALM BEACH GARDENS, FL 33418

LUXURY REPORT

IPRE.COM

SOLD $16,300,000

PALM BEACH 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023

2024

50

61

▲22.0%

Average Sales Price

$12,155,738

$14,981,973

▲23.3%

Median Sales Price

$9,118,715

$10,750,000

▲17.9%

Average Square Footage

3,643

4,495

▲23.4%

Price Per Square Foot

$2,995

$3,082

▲2.9%

Average DOM

141

153

▲8.4%

Sales Sold at Original List Price

1

2

▲100.0%

Top Sale Price

$63,431,750

$51,250,000

▼19.2%

Total Sale Volume

$607,786,887

$913,900,337

▲50.4%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

88

82

▼6.8%

Average Sales Price

$3,632,562

$3,168,040

▼12.8%

Median Sales Price

$2,600,000

$2,866,250

▲10.2%

Average Square Footage

2,019

1,926

▼4.6%

Price Per Square Foot

$1,745

$1,648

▼5.5%

Average DOM

92

131

▲42.9%

Sales Sold at Original List Price

5

3

▼40.0%

Top Sale Price

$18,900,000

$12,500,000

▼33.9%

Total Sale Volume

$319,665,486

$259,779,302

▼18.7%

Top Residential Sale $51.25M 200 S OCEAN BLVD, PALM BEACH, FL 33480

LUXURY REPORT

IPRE.COM

SOLD $5,000,000

SINGER ISLAND 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023

2024

24

27

▲12.5%

Average Sales Price

$2,355,696

$2,697,500

▲14.5%

Median Sales Price

$1,862,500

$2,150,000

▲15.4%

Average Square Footage

2,875

2,758

▼4.1%

Price Per Square Foot

$766

$873

▲13.9%

Average DOM

67

106

▲58.5%

Sales Sold at Original List Price

5

0

▼100.0%

Top Sale Price

$7,325,000

$8,000,000

▲9.2%

Total Sale Volume

$56,536,712

$72,832,500

▲28.8%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

125

139

▲11.2%

Average Sales Price

$1,980,555

$1,818,108

▼8.2%

Median Sales Price

$1,625,000

$1,500,000

▼7.7%

Average Square Footage

2,350

1,996

▼15.1%

Price Per Square Foot

$833

$898

▲7.8%

Average DOM

80

41

▼49.0%

Sales Sold at Original List Price

46

79

▲71.7%

Top Sale Price

$4,725,000

$6,150,000

▲30.2%

Total Sale Volume

$247,569,375

$252,717,000

▲2.1%

Top Residential Sale $8.995M 1172 S HARBOR DR, RIVIERA BEACH, FL 33404

LUXURY REPORT

IPRE.COM

LISTED $10,999,998

TEQUESTA 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023

2024

61

66

▲8.2%

Average Sales Price

$2,511,511

$2,545,314

▲1.3%

Median Sales Price

$1,730,000

$1,612,500

▼6.8%

Average Square Footage

3,253

2,841

▼12.6%

Price Per Square Foot

$708

$852

▲20.4%

Average DOM

79

76

▼4.1%

Sales Sold at Original List Price

3

9

▲200.0%

Top Sale Price

$11,600,000

$10,700,000

▼7.8%

Total Sale Volume

$153,202,165

$167,990,717

▲9.7%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

14

13

▼7.1%

Average Sales Price

$4,012,321

$1,545,438

▼61.5%

Median Sales Price

$2,500,000

$1,400,000

▼44.0%

Average Square Footage

2,621

1,890

▼27.9%

Price Per Square Foot

$1,352

$819

▼39.4%

Average DOM

107

89

▼16.6%

Sales Sold at Original List Price

1

2

▲100.0%

Top Sale Price

$12,500,000

$2,500,000

▼80.0%

Total Sale Volume

$56,172,500

$20,090,692

▼64.2%

Top Residential Sale $10.7M 43 RIVER DR, TEQUESTA, FL 33469

LUXURY REPORT

IPRE.COM

SOLD $4,950,000

WELLINGTON 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023

2024

175

196

▲12.0%

Average Sales Price

$2,743,983

$2,387,309

▼13.0%

Median Sales Price

$1,500,000

$1,395,000

▼7.0%

Average Square Footage

3,969

3,705

▼6.6%

Price Per Square Foot

$725

$763

▲5.3%

Average DOM

97

114

▲17.8%

Sales Sold at Original List Price

19

11

▼42.1%

Top Sale Price

$21,850,000

$13,000,000

▼40.5%

Total Sale Volume

$480,196,959

$467,912,500

▼2.6%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

33

15

▼54.5%

Average Sales Price

$1,371,091

$1,317,600

▼3.9%

Median Sales Price

$1,250,000

$1,185,000

▼5.2%

Average Square Footage

2,007

2,202

▲9.7%

Price Per Square Foot

$702

$638

▼9.2%

Average DOM

49

77

▲57.4%

Sales Sold at Original List Price

9

1

▼88.9%

Top Sale Price

$2,095,000

$1,925,000

▼8.1%

Total Sale Volume

$45,246,000

$19,764,000

▼56.3%

Top Residential Sale $13M 2981 HURLINGHAM DR, WELLINGTON, FL 33414

LUXURY REPORT

IPRE.COM

SOLD $8,048,000

WEST PALM BEACH 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023

2024

227

306

▲34.8%

Average Sales Price

$2,319,785

$2,408,483

▲3.8%

Median Sales Price

$1,750,000

$1,662,500

▼5.0%

Average Square Footage

3,204

3,128

▼2.4%

Price Per Square Foot

$749

$792

▲5.7%

Average DOM

101

107

▲5.7%

Sales Sold at Original List Price

7

16

▲128.6%

Top Sale Price

$12,500,000

$16,588,640

▲32.7%

Total Sale Volume

$526,591,276

$736,995,821

▲40.0%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

157

91

▼42.0%

Average Sales Price

$3,182,325

$2,775,684

▼12.8%

Median Sales Price

$2,485,000

$1,610,000

▼35.2%

Average Square Footage

2,372

2,346

▼1.1%

Price Per Square Foot

$1,255

$1,043

▼16.9%

Average DOM

88

106

▲20.8%

Sales Sold at Original List Price

79

9

▼88.6%

Top Sale Price

$21,000,000

$27,988,425

▲33.3%

Total Sale Volume

$499,625,040

$252,587,270

▼49.4%

Top Residential Sale $16.588M 2305 S FLAGLER DR, WEST PALM BEACH, FL 33401

LUXURY REPORT

IPRE.COM

SOLD $4,900,000

TREASURE COAST 2024 | YEAR END LUXURY REPORT

TREASURE COAST SERENITY IN PARADISE

The Treasure Coast luxury residential market held steady in 2024. High-end single-family sales ticked up by 2.5% year-over-year to 286, while luxury condo sales remained flat (44 total $1 million-and-up transactions). Slight pricing adjustments enabled the region to maintain the transactional pace, as the average luxury single-family sales price declined 5.7% year-over-year to $2.61 million and the average high-end condo sales price dipped 3.7% to $1.6 million. The Sewall’s Point (31.6% year-over-year surge in $1 million-and-up transactions) and Hobe Sound (66.7%) set the pace in the region’s luxury single-family sector, while Hutchinson Sound doubled its year-over-year high-end single-family sales output. Stuart experienced some softening, however, with a 5.8% year-over-year drop in luxury single-family sales and a 33.3% year-over-year slide in high-end condo transactions.

Single Family Homes

% CHANGE (1 YEAR)

SINGLE FAMILY Number of Sales

2023

2024

279

286

▲2.5%

Average Sales Price

$2,767,438

$2,609,299

▼5.7%

Median Sales Price

$1,575,000

$1,450,000

▼7.9%

Average Square Footage

3,656

3,574

▼2.2%

Price Per Square Foot

$669

$650

▼2.9%

Average DOM

97

113

▲16.2%

Sales Sold at Original List Price

34

34

▲0.0%

Top Sale Price

$25,000,000

$33,000,000

▲32.0%

Total Sale Volume

$772,115,320

$746,259,419

▼3.3%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

44

44

▲0.0%

Average Sales Price

$1,661,416

$1,599,145

▼3.7%

Median Sales Price

$1,281,595

$1,300,000

▲1.4%

Average Square Footage

2,308

2,530

▲9.6%

Price Per Square Foot

$707

$639

▼9.6%

Average DOM

253

132

▼48.1%

Sales Sold at Original List Price

5

4

▼20.0%

Top Sale Price

$4,250,000

$4,241,250

▼0.2%

Total Sale Volume

$73,102,301

$70,362,401

▼3.7%

LUXURY REPORT

IPRE.COM

SOLD $14,000,000

HOBE SOUND 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023

2024

12

20

▲66.7%

Average Sales Price

$1,777,917

$1,945,400

▲9.4%

Median Sales Price

$1,365,000

$1,539,000

▲12.7%

Average Square Footage

3,566

3,512

▼1.5%

Price Per Square Foot

$488

$585

▲19.8%

Average DOM

27

97

▲263.2%

Sales Sold at Original List Price

3

2

▼33.3%

Top Sale Price

$3,705,000

$4,375,000

▲18.1%

Total Sale Volume

$21,335,000

$38,908,000

▲82.4%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

1

2

▲100.0%

Average Sales Price

$1,150,000

$1,467,500

▲27.6%

Median Sales Price

$1,150,000

$1,467,500

▲27.6%

Average Square Footage

2,515

2,376

▼5.5%

Price Per Square Foot

$457

$620

▲35.6%

Average DOM

164

127

▼22.9%

Sales Sold at Original List Price

0

0

-

Top Sale Price

$1,150,000

$1,500,000

▲30.4%

Total Sale Volume

$1,150,000

$2,935,000

▲155.2%

Top Residential Sale $4.375M 6607 SE MORNING DOVE WAY, HOBE SOUND, FL 33455

LUXURY REPORT

IPRE.COM

SOLD $15,000,000

HUTCHINSON ISLAND 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023

2024

27

24

▼11.1%

Average Sales Price

$1,759,407

$2,533,292

▲44.0%

Median Sales Price

$1,250,000

$1,360,000

▲8.8%

Average Square Footage

2,973

3,265

▲9.9%

Price Per Square Foot

$580

$666

▲14.9%

Average DOM

119

197

▲65.6%

Sales Sold at Original List Price

4

2

▼50.0%

Top Sale Price

$5,000,000

$9,200,000

▲84.0%

Total Sale Volume

$47,504,000

$60,799,000

▲28.0%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

10

20

▲100.0%

Average Sales Price

$1,110,500

$1,194,000

▲7.5%

Median Sales Price

$1,095,000

$1,125,000

▲2.7%

Average Square Footage

2,507

2,678

▲6.8%

Price Per Square Foot

$446

$434

▼2.6%

Average DOM

72

133

▲84.5%

Sales Sold at Original List Price

3

0

▼100.0%

Top Sale Price

$1,300,000

$1,665,000

▲28.1%

Total Sale Volume

$11,105,000

$23,880,001

▲115.0%

Top Residential Sale $9.2M 6740 N HIGHWAY A1A, HUTCHINSON ISLAND, FL 34949

LUXURY REPORT

IPRE.COM

LISTED $49,500,000

JUPITER ISLAND 2024 | YEAR END 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)

SINGLE FAMILY Number of Sales

2023

2024

17

15

▼11.8%

Average Sales Price

$12,106,673

$12,147,167

▲0.3%

Median Sales Price

$10,750,000

$9,000,000

▼16.3%

Average Square Footage

4,877

5,622

▲15.3%

Price Per Square Foot

$2,224

$2,418

▲8.7%

Average DOM

140

172

▲23.0%

Sales Sold at Original List Price

2

2

▲0.0%

Top Sale Price

$25,000,000

$33,000,000

▲32.0%

Total Sale Volume

$205,813,445

$182,207,500

▼11.5%

Top Residential Sale $33M 420 S BEACH RD, HOBE SOUND, FL 33455

LUXURY REPORT

IPRE.COM

SOLD $11,750,000

SEWALLS POINT 2024 | YEAR END LUXURY REPORT

SEWALLS POINT SMALL TOWN | INTRACOASTAL | NATURE

Sewall’s Point is a charming peninsula town located on the eastern side of Martin County, Florida. Once a vacation town, it now is home to many younger families and full-time residents. Surrounded by water on its north, south and west, this unique community is famous for its waterfront homes and is often called a boaters’ paradise. Shaded by ancient oaks and surrounded on three sides by the St. Lucie River and the Indian River Lagoon, Sewall’s Point is known for its natural beauty. The town is a designated bird sanctuary and has been a nationally recognized “Tree City” for over two decades. Many unique shops and outstanding dining can be found in beautiful Sewall’s Point.

Single Family Homes

% CHANGE (1 YEAR)

SINGLE FAMILY Number of Sales

2023

2024

38

50

▲31.6%

Average Sales Price

$2,827,455

$2,332,376

▼17.5%

Median Sales Price

$2,276,500

$1,365,000

▼40.0%

Average Square Footage

4,125

3,868

▼6.2%

Price Per Square Foot

$652

$550

▼15.7%

Average DOM

102

128

▲25.7%

Sales Sold at Original List Price

2

2

▲0.0%

Top Sale Price

$11,750,000

$14,500,000

▲23.4%

Total Sale Volume

$107,443,300

$116,618,811

▲8.5%

Top Residential Sale $14.5M 5 NE LAGOON ISLAND CT, STUART, FL 34996

LUXURY REPORT

IPRE.COM

SOLD $6,940,000

STUART 2024 | YEAR END LUXURY REPORT

STUART RELAXED | BEACH TOWN | HISTORIC

Stuart, the hub of Martin County, also known as the “Sailfish Capital of the World” because of the many sailfish found off the coast, is located along the banks of the St. Lucie River. Stuart is located on the eastern point of the Okeechobee Waterway, which extends from the Atlantic Ocean in Stuart to the Gulf of Mexico in Ft. Myers. Adventurers wanting to get back to nature will find an array of outdoor options in the area, including kayaking, hiking, biking and birding options. Finally, take a romantic stroll along Stuart’s Riverwalk and enjoy the scenery or gaze upon the Roosevelt Bridge, voted one of the most “Spectacular Bridges Around the World.”

Single Family Homes

% CHANGE (1 YEAR)

SINGLE FAMILY Number of Sales

2023

2024

137

129

▼5.8%

Average Sales Price

$2,358,285

$2,129,076

▼9.7%

Median Sales Price

$1,600,000

$1,550,000

▼3.1%

Average Square Footage

3,474

3,351

▼3.5%

Price Per Square Foot

$648

$627

▼3.2%

Average DOM

94

105

▲11.8%

Sales Sold at Original List Price

17

13

▼23.5%

Top Sale Price

$11,175,000

$15,000,000

▲34.2%

Total Sale Volume

$323,085,090

$274,650,757

▼15.0%

Condos & Townhomes

% CHANGE (1 YEAR)

CONDO/CO-OP/TOWNHOME

2023

2024

Number of Sales

33

22

▼33.3%

Average Sales Price

$1,843,858

$1,979,427

▲7.4%

Median Sales Price

$1,450,500

$1,682,500

▲16.0%

Average Square Footage

2,242

2,422

▲8.1%

Price Per Square Foot

$794

$809

▲1.8%

Average DOM

311

131

▼57.9%

Sales Sold at Original List Price

2

4

▲100.0%

Top Sale Price

$4,250,000

$4,241,250

▼0.2%

Total Sale Volume

$60,847,301

$43,547,400

▼28.4%

Top Residential Sale $15.995M 1005 NE DOUBLOON DR, STUART, FL 34996

LUXURY REPORT

IPRE.COM

IPRE.COM

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