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
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