Illustrated Properties 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)

% Change (1 Quarter)

SINGLE FAMILY HOMES

Q3 2025

Q2 2026

Q3 2026

Number of Sales

5,383

8,182

6,409

▲19.1%

▼21.7%

Average Sales Price

$2,238,978

$2,620,652

$2,497,611

▲11.6%

▼4.7%

Median Sales Price

$1,500,000

$1,685,000

$1,620,000

▲8.0%

▼3.9%

Average Square Footage

3,698

3,686

3,752

▲1.5%

▲1.8%

Price Per Square Foot

$594

$684

$643

▲8.3%

▼6.0%

Average DOM

111

106

104

▼6.3%

▼1.8%

Sales Sold at Original List Price

450

724

570

▲26.7%

▼21.3%

Top Sale Price

$51,124,176

$75,000,000

$83,200,000

▲62.7%

▲10.9%

Total Sale Volume

$12,052,418,775

$21,442,176,668 $16,007,189,322 ▲32.8%

▼25.3%

Condos & Townhomes

% Change (1 Year)

% Change (1 Quarter)

CONDOS/TOWNHOMES

Q3 2025

Q2 2026

Q3 2026

Number of Sales

1,378

2,636

1,561

▲13.3%

▼40.8%

Average Sales Price

$2,290,551

$2,375,997

$2,521,491

▲10.1%

▲6.1%

Median Sales Price

$1,625,000

$1,700,000

$1,663,000

▲2.3%

▼2.2%

Average Square Footage

2,411

2,425

2,468

▲2.4%

▲1.7%

Price Per Square Foot

$932

$962

$988

▲6.0%

▲2.7%

Average DOM

138

131

148

▲7.5%

▲13.3%

Sales Sold at Original List Price

68

204

141

▲107.4%

▼30.9%

Top Sale Price

$38,200,000

$28,000,000

$30,250,000

▼20.8%

▲8.0%

Total Sale Volume

$3,156,379,095

$6,263,129,303 $3,936,047,262 ▲24.7%

▼37.2%

SOUTH FLORIDA 2026 | Q3 LUXURY REPORT

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

LUXURY REPORT

IPRE.COM

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