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
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