After Donald Trump's second presidential win, Palm Beach County is witnessing unprecedented demand in luxury real estate, with a dramatic increase in high-value transactions. In January, single-family home sales exceeding $5 million tripled compared to the previous year, reflecting a broader trend where the ultra-wealthy are drawn to the area, significantly increasing contract signings for properties over $10 million as well. This surge is not localized, as Miami and Broward counties struggle to keep pace, demonstrating Palm Beach's growing status as a luxury market pinnacle, partly fueled by its association with Trump and Mar-a-Lago.
"We have undoubtedly seen a huge bump after the election; some international buyers now have their sights set on Palm Beach... Palm Beach is on the world stage now; it's the center of the universe."
"Thirteen contracts were signed for properties worth $10 million or more last month - up from just three in January 2024, following a massive jump..."
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