Illustrated Properties 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

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