The real estate market in Palm Beach and West Palm Beach is bustling, with over 13,300 single-family home sales and nearly 10,000 condo sales recorded in 2024. Reports indicate a significant rise in signed contracts for both single-family homes and condos. The luxury markets particularly flourish, with high-value properties attracting cash buyers. Real estate expert John Wilson highlights the transformation in West Palm Beach as it evolves into a vibrant hub driven by new developments, comparable to a renaissance in the area.
"Right now, South Florida real estate in general, but especially West Palm Beach, Palm Beach is extremely active," Douglas Elliman sales associate John Wilson told FOX Business in an interview, adding the area has "bunches of new development."
"West Palm, I describe it this way ... It was kind of like the outside of the island if you know what I mean and sort of quiet and really wasn't over developed, but now, with all the developers and stuff coming here, this place is on fire, and it's exciting because there's just so much new things happening. It's like a renaissance, if you will."
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