This pocket of southern Florida is heating, while the rest of the region is cooling.
The new data of Douglas Elliman show that the Sales of single -family housing in Palm Beach Enclave foam, jump into 63.2% to 31 in the first quarter during the same period last year, according to Global Mansion. That activity brought with it an average sale price of $ 13.95 million, which is of a jump of 11.6% year after year.
Even Palm Beach’s luxury segment saw his own impulse. Defined as the higher 10% of the market, this portion saw 11 sales in the first quarter, an increase of a modest 22.2% of the nine registered in the same period in 2024. However, quarter to quarter, those 11 sales marked a peak of 175% of the four closed in the four closed. THE MARKET REPORT. The median sale price at the luxury end also fired annually, reaching $ 23.75 million, an increase of 70.9% of a median of $ 13.9 million.
Such activity in Palm Beach has been brewing for several months, and especially following the November elections. Referred to by local corridors such as Trump’s “triumph”, luxury housing sales near Mar-a-lago They have grown In number. Likewise The sum of the listings According to the contract between November and December 2024, it only shot for more than 400% year after year, with a sales volume at that time reaching almost $ 291 million, an annual increase of 612% of JAW.
Palm Beach is an its own island, Global Notes Mansion.
Through the intracoastal, the sum of closed sales of West Palm Beach, thought that the median sales price increased a modest 2.1% to $ 590,000. All the time, the inventory grew, with 32.2% more houses at stake in the first quarter of 2025 over 2024, which makes it for 11.5 months of supply.
Other hot points in southern Florida, such as Boca Mouse and Fort Lauderdale, also saw that sales accumulate and accumulate, thought prices remained resistant, Global Mansion said. Not far from them, Miami Beach made its average price grow 4.3%, although sales slowed down by 17.1% and the inventory increased by 34.1% to nine months of supply.
Experts have previously said to The Post the widest market in southern Florida Recovering breath After his years of the high activity pandemic era. Now, the increase in insurance rates, property taxes and condominium evaluations have scared potential buyers. The recent week has also brought other aspects of the group among them.
“They are more aware of the state of the world, the economic situation, the insurance, the real estate taxes and then the mortgage rates,” said Simon Isaacs, CEO and founder of Simon Isaacs Real Estate, to The Post.
