Illustrated Properties Luxury Report

SOUTH FLORIDA REGIONAL MIAMI DADE | BROWARD | PALM BEACH | MARTIN | ST. LUCIE

Southwest Florida had a notable 14.9% year-over-year climb in luxury single-family sales to 1,461. The region’s average single-family sales price stayed flat at $2.07 million. The region’s high-end condo sector was a different story in the third quarter of 2025, with total transactions dropping 17.3% year- over-year to 283 and the average sales price dipping 16.4% year-over-year to $1.92 million. Naples’ outsized influence continues to define the region’s luxury narrative, accounting for most of its high- end single-family gains. Not surprisingly, its luxury single-family sector posted a 17% year-over-year jump in sales to 338, while high-end condo sales fell by 40.9% year-over-year to 123.

Single Family Homes

% Change (1 Year)

% Change (1 Quarter)

SINGLE FAMILY HOMES

Q3 2024

Q2 2025

Q3 2025

Number of Sales

3378

4449

3589

▲6.2%

▼19.3%

Average Sales Price

$2,342,549

$2,627,263

$2,348,308

▲0.2%

▼10.6%

Median Sales Price

$1,532,500

$1,600,000

$1,535,000

▲0.2%

▼4.1%

Average Square Footage

3,240

3,317

3,295

▲1.7%

▼0.7%

Price Per Square Foot

$695

$742

$679

▼2.3%

▼8.5%

Average DOM

113

111

120

▲6.7%

▲8.0%

Sales Sold at Original List Price

289

388

256

▼11.4%

▼34.0%

Top Sale Price

$70,000,000

$74,250,000

$51,124,176

▼27.0%

▼31.1%

Total Sale Volume

$7,913,130,469

$11,688,693,689 $8,428,076,731

▲6.5%

▼27.9%

Condos & Townhomes

% Change (1 Year)

% Change (1 Quarter)

CONDOS/TOWNHOMES

Q3 2024

Q2 2025

Q3 2025

Number of Sales

1046

1486

980

▼6.3%

▼34.1%

Average Sales Price

$2,280,800

$2,428,157

$2,344,887

▲2.8%

▼3.4%

Median Sales Price

$1,595,000

$1,688,750

$1,600,000

▲0.3%

▼5.3%

Average Square Footage

2,284

2,334

2,313

▲1.2%

▼0.9%

Price Per Square Foot

$972

$1,012

$982

▲1.0%

▼2.9%

Average DOM

162

135

147

▼9.6%

▲9.1%

Sales Sold at Original List Price

124

113

38

▼69.4%

▼66.4%

Top Sale Price

$21,500,000

$28,641,500

$38,200,000

▲77.7%

▲33.4%

Total Sale Volume

$2,385,716,808

$3,608,241,603 $2,297,989,657 ▼3.7%

▼36.3%

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LUXURY REPORT

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