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
Made with FlippingBook - professional solution for displaying marketing and sales documents online