"Palm Beach's luxury real estate market has experienced remarkable growth, with home sales increasing by 63.2% and median prices soaring significantly in the first quarter."
"The exceptional surge in sales and median prices in Palm Beach reflects a unique market trend compared to the cooling activity in surrounding areas of South Florida."
Palm Beach has emerged as a hotbed for luxury real estate in South Florida, with single-family home sales jumping 63.2% to 31 in early 2025, compared to the prior year. The median sale price also climbed 11.6% to $13.95 million. Luxury home sales, particularly near Mar-a-Lago, contributed significantly to this growth, prompted in part by post-election dynamics. Conversely, West Palm Beach and other nearby areas saw declines in closed sales despite slight price increases. This disparity underscores Palm Beach's unique position amidst a broader market slowdown in the region.
Read at New York Post
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