LUXURY REPORT 2024 | Q1 IPRE.COM
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THE #1 INDEPENDENTLY OWNED BROKERAGE IN FLORIDA THE #1 REAL ESTATE BROKER IN NORTHERN PALM BEACH COUNTY NATIONALLY RANKED BROKERAGE BY RISMEDIA
23,236
#1 NETWORK IN LUXURY PROPERTIES SOLD WITH LUXURY PORTFOLIO INTERNATIONAL $9.3B REAL ESTATE SERVICES $7.4B TOTAL SALES VOLUME $3B+ CLOSED LUX URY SALES $464M COMMERCIAL SALES
TOTAL TRANSACTIONS Statistics, sales and transaction volume represent all Illustrated Properties Family of Companies for the 2023 calendar year.
Mike Pappas
CEO
Illustrated Properties
A message from Mike Pappas
The first quarter of 2024 was highlighted by gains in year-over-year sales activity, especially in the tri-county area’s luxury single-family market. That is consistent with on-the-ground feedback we receive from our high-end agents, who report an uptick in seller and buyer confidence in $1 million-and-up transactions.
Across Miami-Dade, Broward, Palm Beach counties, the Treasure Coast and Southwest Florida, luxury single-family sales rose 11.7% from 2,195 in the first quarter of 2023 to 2,452 in the first quarter of 2024. The region’s condo sector had a 15.6% drop in $1 million-and-up transactions, from 1,240 to 1,047. While the average high-end singlefamily sales price increased by 2.5% year-over-year to $2.65 million, the condo median sales price declined by 1.4% to $2.38 million in the same span.
Palm Beach County enjoyed year-over-year increases in both luxury single-family and condo activity. High-end condo sales climbed by 4.8% from the first quarter of 2023 to the first quarter of 2024 (242 completed transactions), while $1 million-and-up single-family sales increased by 15% in the same span (790 sales). Miami-Dade and Broward counties had similar gains on the single-family side, with Miami-Dade recording a 24.9% jump in $1 million-and-up single-family sales to 602, and Broward seeing a 27.6% surge in $1 million-and-up transactions to 462 in the first quarter.
The Treasure Coast and Southwest Florida have no shortage of buyer interest, but tight supply is slowing the pace of transactions. The Treasure Coast had an 18.7% year-over-year drop in luxury singlefamily sales and an 18.2% year-over-year decline in high-end condo transactions. Southwest Florida had average pricing gains for luxury single-family and condo sales but also saw year-over-year transaction declines (8.8% year-over-year for single-family and 40.8% year-overyear for condos).
Developers are racing to address pent-up demand from luxury singlefamily and condo buyers. If 2023 was essentially a recalibration of the South Florida luxury market following the virtually unprecedented pandemic-era boom, 2024 could end up as the foundational year for the region’s next upcycle.
IPRE.COM LUXURY REPORT
SOUTH FLORIDA 2024 | Q1
REPORT
LUXURY
SOUTH FLORIDA REGIONAL
MIAMI DADE | BROWARD | PALM BEACH | MARTIN | ST. LUCIE
Southwest Florida’s luxury market recorded year-over-year pricing gains, but the region’s transaction activity was down from a year ago. High-end single-family sales declined by 8.8% from the first quarter of 2023 to 537 in the first quarter, while luxury condo transactions plunged by 40.8% yearover-year to 241. The average high-end single-family price increased 2.3% year-over-year to $2.71 million, while the average luxury single-family price rose 7% to $2.47 million. The vast majority of the region’s $1 million-and-up inventory is in Naples, which recorded a 7.8% year-over-year drop in luxury single-family transactions (392) and 40.6% downturn in high-end condo sales (199). The average luxury condo sales price in Naples gained 11.8% year-over-year to $2.54 million. The Sanibel/Captiva submarket enjoyed a 32.1% year-over-year surge in luxury single-family sales to 37 in the first quarter.
Single Family Homes
Condos & Townhomes
Top 5 States for Incoming Buyers
NEW YORK | ILLINOIS | NEW JERSEY | MICHIGAN | PENNSYLVANIA
IPRE.COM LUXURY REPORT
SINGLE FAMILY HOMES 2023 Q1 2023 Q4 2024 Q1 % Change (1 Year) % Change (1 Quarter) Number of Sales 2195 2037 2452 ▲11.7% ▲20.4% Average Sales Price $2,582,437 $2,351,820 $2,645,903 ▲2.5% ▲12.5% Median Sales Price $1,595,000 $1,500,000 $1,622,500 ▲1.7% ▲8.2% Average Square Footage 3,391 3,298 3,386 ▼0.1% ▲2.7% Price Per Square Foot $720 $682 $738 ▲2.5% ▲8.1% Average DOM 95 94 109 ▲14.5% ▲16.6% Sales Sold at Original List Price 207 195 205 ▼1.0% ▲5.1% Top Sale Price $48,373,037 $79,000,000 $32,500,000 ▼32.8% ▼58.9% Total Sale Volume $5,668,449,820 $4,790,656,939 $6,487,754,995 ▲14.5% ▲35.4% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % Change (1 Year) % Change (1 Quarter) Number of Sales 1240 922 1047 ▼15.6% ▲13.6% Average Sales Price $2,411,939 $2,309,291 $2,377,441 ▼1.4% ▲3.0% Median Sales Price $1,790,000 $1,726,500 $1,720,000 ▼3.9% ▼0.4% Average Square Footage 2,472 2,329 2,376 ▼3.9% ▲2.0% Price Per Square Foot $959 $975 $987 ▲2.9% ▲1.2% Average DOM 66 136 122 ▲85.0% ▼10.2% Sales Sold at Original List Price 246 148 94 ▼61.8% ▼36.5% Top Sale Price $21,000,000 $19,250,000 $48,000,000 ▲128.6% ▲149.4% Total Sale Volume $2,990,804,178 $2,129,166,617 $2,489,180,310 ▼16.8% ▲16.9%
PALM BEACH COUNTY 2024 | Q1 LUXURY REPORT
PALM BEACH COUNTY
FLORIDA’S PLAYGROUND FOR THE WEALTHY
Palm Beach County had encouraging year-over-year gains in both luxury single-family and condo activity. High-end condo sales climbed by 4.8% from the first quarter of 2023 to the first quarter of 2024 (242 completed transactions), while $1 million-and-up single-family sales increased by 15% in the same span (790 sales). Pricing conditions were favorable to luxury condo buyers, as the average $1 million-and-up sales price dropped 10.2% year-over-year to $2.16 million. The average high-end single-family price rose 11% year-over-year to $2.9 million. The Boca Raton/Delray Beach submarket helped drive the county’s luxury condo gains with a 30.8% year-over-year surge in transactions to 102. Its high-end single-family market recorded a 5.1% year-over-year increase to 291. Other submarkets with year-over-year gains in high-end single-family sales include Jupiter (36%) and Palm Beach Gardens/North Palm Beach (46.3%), which also had a 91.7% year-over-year rise in luxury condo transactions (23).
Single Family Homes
Condos & Townhomes
IPRE.COM LUXURY REPORT SINGLE
2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 687 658 790 ▲15.0% ▲20.1% Average Sales Price $2,609,365 $2,441,079 $2,896,531 ▲11.0% ▲18.7% Median Sales Price $1,575,000 $1,550,000 $1,697,500 ▲7.8% ▲9.5% Average Square Footage 3,593 3,489 3,621 ▲0.8% ▲3.8% Price Per Square Foot $687 $682 $737 ▲7.3% ▲8.1% Average DOM 69 71 84 ▲22.2% ▲17.6% Sales Sold at Original List Price 77 54 59 ▼23.4% ▲9.3% Top Sale Price $48,373,037 $30,000,000 $32,500,000 ▼32.8% ▲8.3% Total Sale Volume $1,792,633,732 $1,606,230,159 $2,288,259,181 ▲27.6% ▲42.5% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 231 222 242 ▲4.8% ▲9.0% Average Sales Price $2,407,584 $2,420,807 $2,162,064 ▼10.2% ▼10.7% Median Sales Price $1,695,000 $1,872,500 $1,769,500 ▲4.4% ▼5.5% Average Square Footage 2,318 2,422 2,312 ▼0.3% ▼4.5% Price Per Square Foot $1,009 $953 $961 ▼4.8% ▲0.9% Average DOM 68 79 82 ▲20.8% ▲3.7% Sales Sold at Original List Price 29 61 17 ▼41.4% ▼72.1% Top Sale Price $21,000,000 $18,750,000 $11,930,000 ▼43.2% ▼36.4% Total Sale Volume $556,151,837 $537,419,043 $523,219,480 ▼5.9% ▼2.6%
FAMILY HOMES
LISTED $5,995,000
BOCA RATON & DEL RAY BEACH 2024 | Q1 LUXURY REPORT
BOCA RATON & DELRAY BEACH BEACH TOWN | GOLF | ENTERTAINMENT
Boca Raton truly has it all. Beaches and golf courses, fine hotels and wondrous art museums, jazz clubs and concerts at Mizner Park, the glittery Town Center at Boca Raton shopping mall with 220 upscale and elite specialty shops, and, elsewhere around town, countless family-owned boutiques.
Delray Beach is a first-class resort destination and a diverse, vibrant community situated on the Atlantic Ocean. A small and intimate town with big-city sophistication, Delray Beach was voted Most Fun Small Town in America by USA Today.
Single Family Homes
Condos & Townhomes
Top Residential Sale $29.5M 5001 EGRET POINT CIR, BOCA RATON, FL 33431
IPRE.COM LUXURY REPORT SINGLE
2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 277 261 291 ▲5.1% ▲11.5% Average Sales Price $2,482,751 $2,162,212 $2,674,978 ▲7.7% ▲23.7% Median Sales Price $1,650,000 $1,650,000 $1,750,000 ▲6.1% ▲6.1% Average Square Footage 3,715 3,636 3,815 ▲2.7% ▲4.9% Price Per Square Foot $642 $591 $647 ▲0.7% ▲9.4% Average DOM 70 60 75 ▲6.4% ▲24.0% Sales Sold at Original List Price 32 26 28 ▼12.5% ▲7.7% Top Sale Price $28,000,000 $8,000,000 $29,500,000 ▲5.4% ▲268.8% Total Sale Volume $687,722,090 $564,337,452 $778,418,685 ▲13.2% ▲37.9% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 78 61 102 ▲30.8% ▲67.2% Average Sales Price $1,928,829 $2,290,011 $2,132,592 ▲10.6% ▼6.9% Median Sales Price $1,427,500 $1,800,000 $1,715,500 ▲20.2% ▼4.7% Average Square Footage 2,159 2,379 2,341 ▲8.4% ▼1.6% Price Per Square Foot $864 $914 $904 ▲4.5% ▼1.1% Average DOM 50 59 72 ▲44.1% ▲20.7% Sales Sold at Original List Price 12 11 6 ▼50.0% ▼45.5% Top Sale Price $9,225,000 $13,035,000 $8,250,000 ▼10.6% ▼36.7% Total Sale Volume $150,448,649 $139,690,674 $217,524,338 ▲44.6% ▲55.7%
FAMILY HOMES
LUXURY REPORT SOLD $7,775,775
BEACH & OCEAN RIDGE 2024 | Q1
BOYNTONBOYNTON BEACH & OCEAN RIDGE WATERSPORT | FISHING | SHOPPING
Two county parks and a natural area make Ocean Ridge a maritime, eco-tourist haven. Ocean Inlet Park has a jetty and marina access open 24 hours, making this an excellent spot for boaters and jet skiers to dart to the ocean or Intracoastal Waterway.
Boynton Beach, just north of Delray Beach and south of Palm Beach, offers visitors all varieties of seaside recreation, plus enticing shopping. The Boynton Beach Inlet provides nearly direct access to some of the most beautiful coral and artificial reefs. in the Palm Beaches. Boynton Beach’s Oceanfront Park easily earns its reputation as one of South Florida’s most attractive beaches.
Single Family Homes
SINGLE FAMILY HOMES
Condos & Townhomes
Top Residential Sale $14.5M 6029 OLD OCEAN BLVD, OCEAN RIDGE, FL 33435
IPRE.COM LUXURY REPORT
2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 2 2 2 ▲0.0% ▲0.0% Average Sales Price $2,075,000 $2,199,000 $2,680,159 ▲29.2% ▲21.9% Median Sales Price $2,075,000 $2,199,000 $2,680,159 ▲29.2% ▲21.9% Average Square Footage 2,240 2,879 2,462 ▲9.9% ▼14.5% Price Per Square Foot $882 $770 $1,109 ▲25.8% ▲44.1% Average DOM 52 81 25 ▼52.9% ▼69.6% Sales Sold at Original List Price 0 0 0 -Top Sale Price $3,000,000 $2,473,000 $3,000,317 ▲0.0% ▲21.3% Total Sale Volume $4,150,000 $4,398,000 $5,360,317 ▲29.2% ▲21.9%
2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 52 40 37 ▼28.8% ▼7.5% Average Sales Price $1,674,240 $1,509,160 $2,136,644 ▲27.6% ▲41.6% Median Sales Price $1,299,000 $1,299,450 $1,225,000 ▼5.7% ▼5.7% Average Square Footage 3,024 3,047 3,040 ▲0.5% ▼0.2% Price Per Square Foot $561 $507 $691 ▲23.2% ▲36.4% Average DOM 39 39 50 ▲27.7% ▲29.2% Sales Sold at Original List Price 8 5 8 ▲0.0% ▲60.0% Top Sale Price $6,600,000 $4,600,000 $14,500,000 ▲119.7% ▲215.2% Total Sale Volume $87,060,466 $60,366,409 $79,055,838 ▼9.2% ▲31.0%
CONDOS/TOWNHOMES
JUPITER 2024 | Q1
LUXURY REPORT SOLD $14,500,000
Locals love Jupiter for its breathtaking nature, tiki bars and endless ways to enjoy the water. Hop in a canoe and navigate the Loxahatchee River. At Riverbend Park, you’ll find many amenities, including horse trails and hiking through Seminole Indian historic sites. Right in town, the turquoise lagoons of DuBois Park and Jupiter Beach Park are ideal for swimming, paddleboarding and snorkeling.
Jupiter also offers many activities to do on dry land as well!. Towering above the coast, the brickred Jupiter Inlet Lighthouse is one of the oldest and most iconic structures in The Palm Beaches. Climb all 105 feet to the top for a gull’s-eye view of the coast. Afterwards, wear your best flip-flops to Guanabana’s, Square Grouper Tiki Bar and other low-key local favorites for fresh-caught seafood, tropical drinks, and incredible views.
Single Family Homes
Condos & Townhomes
Top Residential Sale $17M
103 W BEARS CLUB DR, JUPITER, FL 33477
IPRE.COM LUXURY REPORT SINGLE
2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 86 95 117 ▲36.0% ▲23.2% Average Sales Price $2,807,802 $2,901,214 $2,622,915 ▼6.6% ▼9.6% Median Sales Price $1,567,000 $1,700,000 $1,550,000 ▼1.1% ▼8.8% Average Square Footage 3,632 3,551 3,263 ▼10.2% ▼8.1% Price Per Square Foot $691 $733 $713 ▲3.2% ▼2.7% Average DOM 59 84 75 ▲25.8% ▼11.2% Sales Sold at Original List Price 7 5 5 ▼28.6% ▲0.0% Top Sale Price $19,800,000 $15,400,000 $17,000,000 ▼14.1% ▲10.4% Total Sale Volume $241,470,942 $275,615,284 $306,881,002 ▲27.1% ▲11.3% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 15 16 16 ▲6.7% ▲0.0% Average Sales Price $1,862,267 $1,806,563 $2,059,844 ▲10.6% ▲14.0% Median Sales Price $1,365,000 $1,675,000 $1,468,750 ▲7.6% ▼12.3% Average Square Footage 2,357 2,320 2,696 ▲14.4% ▲16.2% Price Per Square Foot $970 $820 $779 ▼19.7% ▼5.1% Average DOM 48 68 87 ▲81.4% ▲28.6% Sales Sold at Original List Price 1 7 1 ▲0.0% ▼85.7% Top Sale Price $3,640,000 $3,900,000 $4,750,000 ▲30.5% ▲21.8% Total Sale Volume $27,934,000 $28,905,000 $32,957,500 ▲18.0% ▲14.0%
GOLF
BOATING
FAMILY HOMES
JUPITER
| HISTORY |
JUPITER INLET COLONY 2024 | Q1
LUXURY REPORT SOLD $21,400,000
JUPITER INLET COLONY
The Town of Jupiter Inlet Colony is full of wildlife and beautiful gardens. The beach is accessible from all the homes by taking a short stroll across one of two brick walkways lined by many rare and beautiful flowering plants and trees. Jupiter Inlet Colony has a community park and a private Beach Club located on the Jupiter Inlet.
With only eight roads and surrounded by the Intracoastal Waterway, the Atlantic Ocean and the narrow Jupiter Inlet, proximity to all things water is what makes this tiny, residential community, the place for boating, water sports and sport fishing activities.
Single Family Homes
Top Residential Sale $18.575M 100 LIGHTHOUSE DR, JUPITER INLET COLONY, FL 33469
IPRE.COM LUXURY REPORT SINGLE FAMILY HOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 6 2 3 ▼50.0% ▲50.0% Average Sales Price $6,300,000 $4,722,500 $9,483,333 ▲50.5% ▲100.8% Median Sales Price $4,500,000 $4,722,500 $5,275,000 ▲17.2% ▲11.7% Average Square Footage 3,358 2,824 4,523 ▲34.7% ▲60.2% Price Per Square Foot $1,797 $1,733 $1,966 ▲9.4% ▲13.5% Average DOM 131 154 15 ▼88.8% ▼90.5% Sales Sold at Original List Price 0 0 1 -Top Sale Price $15,000,000 $5,995,000 $18,575,000 ▲23.8% ▲209.8% Total Sale Volume $37,800,000 $9,445,000 $28,450,000 ▼24.7% ▲201.2%
EXCLUSIVE
| ISLAND LIFE | YACHTING
LUXURY REPORT SOLD $19,000,000
MANALAPAN, LANTANA, & HYPOLUXO 2024 | Q1MANALAPAN, LANTANA, & HYPOLUXO OCEAN VIEW | RESORTS | WATERFRONT LIVING
The town of Manalapan, Florida, resides along the Intracoastal Waterway and is comprised of two separate areas linked only by water. So if it has to do with water, this is the place to be. If you like to dive, the dive wreck of Lofthus is situated approximately 175 yards off the shore of Manalapan in the Florida Underwater Archaeological Preserve.
Staying waterside is easy in this small community. Eau Palm Beach Resort & Spa is a breathtaking oceanfront property with three outstanding restaurants and a spa providing a tranquil and serene environment for all pampering services.
Single Family Homes
Condos & Townhomes
Top Residential Sale $32.5M 1140 S OCEAN BLVD, LANTANA, FL 33462
IPRE.COM LUXURY REPORT SINGLE FAMILY HOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 7 3 11 ▲57.1% ▲266.7% Average Sales Price $14,416,862 $5,634,333 $8,273,455 ▼42.6% ▲46.8% Median Sales Price $4,300,000 $1,650,000 $3,221,000 ▼25.1% ▲95.2% Average Square Footage 5,830 4,379 5,249 ▼10.0% ▲19.9% Price Per Square Foot $1,694 $1,366 $1,194 ▼29.5% ▼12.5% Average DOM 150 73 128 ▼14.9% ▲75.3% Sales Sold at Original List Price 0 0 0 -Top Sale Price $48,373,037 $13,903,000 $32,500,000 ▼32.8% ▲133.8% Total Sale Volume $100,918,037 $16,903,000 $91,008,000 ▼9.8% ▲438.4% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 1 2 ▲100.0%Average Sales Price $4,300,000 $1,902,500 ▼55.8%Median Sales Price $4,300,000 $1,902,500 ▼55.8%Average Square Footage 2,978 1,505 ▼49.5%Price Per Square Foot $1,444 $1,263 ▼12.5%Average DOM 57 114 ▲99.1%Sales Sold at Original List Price 0 0 -Top Sale Price $4,300,000 $2,275,000 ▼47.1%Total Sale Volume $4,300,000 $3,805,000 ▼11.5% -
LISTED $10,900,000
BEACH GARDENS & NORTH PALM BEACH 2024 | Q1
LUXURY REPORT
PALMPALM BEACH GARDENS & NORTH PALM BEACH GOLF | SHOPPING | FISHING
Palm Beach Gardens is home to the headquarters of the Professional Golfers’ Association of America (PGA) and each year hosts legendary professional golfers at The Honda Classic. Palm Beach Gardens also offers fine hotels, a wide variety of recreational enticements and convenient proximity to the beaches.
Known worldwide for its recreation, North Palm Beach boasts The Palm Beaches’ only state park. John D. MacArthur Beach State Park is an eco-friendly and family-friendly treasure. Enjoy crystal clear waters and an adventurous lifestyle.
Single Family Homes
Condos & Townhomes
Top Residential Sale $19.5M 12244 TILLINGHAST CIR, PALM BEACH GARDENS, FL 33418
IPRE.COM LUXURY REPORT SINGLE FAMILY HOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 95 111 139 ▲46.3% ▲25.2% Average Sales Price $2,031,422 $1,881,610 $2,385,180 ▲17.4% ▲26.8% Median Sales Price $1,475,000 $1,460,000 $1,645,000 ▲11.5% ▲12.7% Average Square Footage 3,642 3,360 3,732 ▲2.5% ▲11.1% Price Per Square Foot $549 $538 $603 ▲9.7% ▲12.1% Average DOM 57 63 82 ▲45.3% ▲30.9% Sales Sold at Original List Price 12 10 8 ▼33.3% ▼20.0% Top Sale Price $7,451,000 $8,200,000 $19,500,000 ▲161.7% ▲137.8% Total Sale Volume $192,985,095 $208,858,666 $331,539,967 ▲71.8% ▲58.7% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 12 16 23 ▲91.7% ▲43.8% Average Sales Price $1,898,333 $2,025,293 $2,056,630 ▲8.3% ▲1.5% Median Sales Price $1,737,500 $1,675,000 $1,500,000 ▼13.7% ▼10.4% Average Square Footage 2,775 3,025 2,856 ▲2.9% ▼5.6% Price Per Square Foot $712 $647 $720 ▲1.0% ▲11.3% Average DOM 65 110 36 ▼44.8% ▼67.3% Sales Sold at Original List Price 2 0 3 ▲50.0%Top Sale Price $4,075,000 $5,225,000 $4,250,000 ▲4.3% ▼18.7% Total Sale Volume $22,780,000 $32,404,692 $47,302,500 ▲107.6% ▲46.0%
PALM BEACH 2024 | Q1 LUXURY REPORT SOLD $16,300,000
PALM BEACH GLAMOUR | SECLUSION | OCEANFRONT
Movie stars, aristocrats and barons of industry have frolicked on Palm Beach’s golden sands since America’s First Resort Destination® rose to favor in the late 1800s. But you don’t need to be a Rockefeller to have your own “once upon a time” moment here. All those in Palm Beach will find a warm welcome, a tropical breeze and plenty of ways to live a modern-day fairy tale.
Home to Florida’s oldest golf course, The Breakers was the premier playground of the Gilded Age and still dazzles today. Palm Beach practically invented retail therapy. See and be seen on iconic Worth Avenue, a shopping mecca that often gets mentioned in the same breath as Fifth Avenue and Rodeo Drive.
Single Family Homes
Condos & Townhomes
Top Residential Sale $25M
120 VIA DEL LAGO, PALM BEACH, FL 33480
IPRE.COM LUXURY REPORT SINGLE
2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 6 15 12 ▲100.0% ▼20.0% Average Sales Price $8,543,738 $9,986,980 $13,538,750 ▲58.5% ▲35.6% Median Sales Price $7,775,000 $8,750,000 $12,887,500 ▲65.8% ▲47.3% Average Square Footage 3,120 3,468 5,075 ▲62.7% ▲46.4% Price Per Square Foot $2,745 $2,749 $2,697 ▼1.7% ▼1.9% Average DOM 227 86 155 ▼31.7% ▲80.6% Sales Sold at Original List Price 0 0 0 -Top Sale Price $15,000,000 $26,000,000 $29,250,000 ▲95.0% ▲12.5% Total Sale Volume $51,262,430 $149,804,707 $162,465,000 ▲216.9% ▲8.5% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 18 9 15 ▼16.7% ▲66.7% Average Sales Price $3,746,939 $4,196,111 $2,398,333 ▼36.0% ▼42.8% Median Sales Price $2,600,000 $2,500,000 $1,950,000 ▼25.0% ▼22.0% Average Square Footage 1,907 2,154 1,770 ▼7.2% ▼17.8% Price Per Square Foot $1,862 $1,710 $1,535 ▼17.6% ▼10.3% Average Days on Market 83 257 147 ▲76.9% ▼42.6% Sales Sold at Original List Price 1 0 0 ▼100.0%Top Sale Price $8,000,000 $13,860,000 $4,450,000 ▼44.4% ▼67.9% Total Sale Volume $67,444,900 $37,765,000 $35,975,000 ▼46.7% ▼4.7%
FAMILY HOMES
SINGER ISLAND 2024 | Q1
LUXURY REPORT SOLD $5,000,000
SINGER ISLAND
BOUTIQUE | DINING | NATURE
Singer Island, an oceanfront neighborhood part of the city of Riviera Beach, offers a relaxing blend of natural beauty, seven miles of pristine beaches, and upscale hotels and resorts.
Nestled on the barrier island, the park also sits in the urban estuary of Lake Worth Lagoon and the Intracoastal Waterway, where you can kayak, canoe, hike short trails, and visit the a nature center. Also available to visitors are superb hotels and meeting facilities on Singer Island with a wide range of shopping opportunities and some of the finest restaurants in all of Florida.
Condos & Townhomes
Condos & Townhomes
IPRE.COM LUXURY REPORT
CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 8 2 6 ▼25.0% ▲200.0% Average Sales Price $2,258,050 $3,058,906 $2,628,333 ▲16.4% ▼14.1% Median Sales Price $2,100,000 $3,058,906 $2,300,000 ▲9.5% ▼24.8% Average Square Footage 3,119 3,605 2,708 ▼13.2% ▼24.9% Price Per Square Foot $788 $749 $972 ▲23.3% ▲29.8% Average DOM 57 24 65 ▲14.6% ▲171.5% Sales Sold at Original List Price 1 1 0 ▼100.0% ▼100.0% Top Sale Price $4,320,400 $5,117,812 $5,600,000 ▲29.6% ▲9.4% Total Sale Volume $18,064,400 $6,117,812 $15,770,000 ▼12.7% ▲157.8%
Top Residential Sale $5.6M 1060 BIMINI LN, RIVIERA BEACH, FL 33404 CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 22 53 11 ▼50.0% ▼79.2% Average Sales Price $1,789,045 $2,104,992 $1,898,636 ▲6.1% ▼9.8% Median Sales Price $1,260,000 $2,030,000 $1,500,000 ▲19.0% ▼26.1% Average Square Footage 2,346 2,374 2,254 ▼3.9% ▼5.0% Price Per Square Foot $734 $887 $822 ▲12.0% ▼7.3% Average Days on Market 97 47 91 ▼5.8% ▲92.2% Sales Sold at Original List Price 3 36 2 ▼33.3% ▼94.4% Top Sale Price $4,500,000 $4,725,000 $3,600,000 ▼20.0% ▼23.8% Total Sale Volume $39,359,000 $111,564,600 $20,885,000 ▼46.9% ▼81.3%
$10,999,998
TEQUESTA 2024 | Q1
LISTED
LUXURY REPORT
TEQUESTA
The Village of Tequesta is a gem located along U.S. 1 west of Jupiter Inlet Colony. It is a close-knit community and the seventh-safest city in all of Florida. Despite only covering 2.3 square miles, the village has numerous parks and community gathering places. Its Coral Cove Park is a popular destination, with ocean views, swimming, snorkeling, stunning natural limestone and reefs that are home to a variety of marine wildlife.
Single Family Homes
FAMILY HOMES
Condos & Townhomes
Top Residential Sale $10.7M 43 RIVER DR, TEQUESTA, FL 33469
IPRE.COM LUXURY REPORT
2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 15 9 15 ▲0.0% ▲66.7% Average Sales Price $1,829,133 $2,253,611 $2,694,703 ▲47.3% ▲19.6% Median Sales Price $1,565,000 $1,412,500 $1,655,000 ▲5.8% ▲17.2% Average Square Footage 2,953 3,253 2,934 ▼0.6% ▼9.8% Price Per Square Foot $637 $664 $851 ▲33.6% ▲28.1% Average DOM 67 60 62 ▼7.6% ▲2.7% Sales Sold at Original List Price 2 0 3 ▲50.0%Top Sale Price $3,162,500 $7,200,000 $10,700,000 ▲238.3% ▲48.6% Total Sale Volume $27,437,000 $20,282,500 $40,420,550 ▲47.3% ▲99.3%
2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 2 2 2 ▲0.0% ▲0.0% Average Sales Price $6,625,000 $7,025,000 $1,312,500 ▼80.2% ▼81.3% Median Sales Price $6,625,000 $7,025,000 $1,312,500 ▼80.2% ▼81.3% Average Square Footage 3,423 3,889 1,941 ▼43.3% ▼50.1% Price Per Square Foot $1,882 $1,502 $690 ▼63.3% ▼54.0% Average Days on Market 30 136 40 ▲33.9% ▼71.0% Sales Sold at Original List Price 1 0 1 ▲0.0%Top Sale Price $10,650,000 $12,500,000 $1,600,000 ▼85.0% ▼87.2% Total Sale Volume $13,250,000 $14,050,000 $2,625,000 ▼80.2% ▼81.3%
SINGLE
CONDOS/TOWNHOMES
BOUTIQUE | DINING | NATURE
WELLINGTON 2024 | Q1 LUXURY REPORT SOLD
$4,950,000
WELLINGTON EQUESTRIAN | NATURE | POLO
Palm Beach gives way to greener pastures for horse lovers in Wellington. Home to an internationally recognized equestrian community (with a social scene to match), this city offers endless opportunities to play by day and ride off into the sunset at night.
Each January through April, Wellington’s equestrian season leaps into action. The Winter Equestrian Festival welcomes the world’s top riders in show jumping and dressage for 12 weeks of competition. During Palm Beach International Polo Season, you can’t swing a mallet without hitting a daily event or field-side brunch.
Single Family Homes
Condos & Townhomes
Top Residential Sale $13M 2981 HURLINGHAM DR, WELLINGTON, FL 33414
IPRE.COM LUXURY REPORT SINGLE FAMILY HOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 34 48 44 ▲29.4% ▼8.3% Average Sales Price $2,354,278 $2,342,014 $2,469,693 ▲4.9% ▲5.5% Median Sales Price $1,577,500 $1,375,000 $1,572,500 ▼0.3% ▲14.4% Average Square Footage 4,362 3,624 3,834 ▼12.1% ▲5.8% Price Per Square Foot $578 $787 $657 ▲13.6% ▼16.5% Average DOM 89 85 139 ▲57.0% ▲64.6% Sales Sold at Original List Price 5 4 1 ▼80.0% ▼75.0% Top Sale Price $9,149,550 $17,300,000 $13,000,000 ▲42.1% ▼24.9% Total Sale Volume $80,045,450 $112,416,676 $108,666,500 ▲35.8% ▼3.3% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 9 4 6 ▼33.3% ▲50.0% Average Sales Price $1,331,667 $1,551,750 $1,409,000 ▲5.8% ▼9.2% Median Sales Price $1,200,000 $1,515,000 $1,285,000 ▲7.1% ▼15.2% Average Square Footage 1,962 1,970 2,261 ▲15.2% ▲14.8% Price Per Square Foot $699 $787 $650 ▼7.0% ▼17.4% Average DOM 64 124 103 ▲61.8% ▼16.7% Sales Sold at Original List Price 4 0 1 ▼75.0%Top Sale Price $2,040,000 $2,000,000 $1,925,000 ▼5.6% ▼3.8% Total Sale Volume $11,985,000 $6,207,000 $8,454,000 ▼29.5% ▲36.2%
WEST PALM BEACH 2024 | Q1 LUXURY REPORT SOLD $8,048,000
WEST PALM BEACH DINING
| CULTURE | HISTORY
Located along Florida’s Atlantic Ocean coast, West Palm Beach offers visitors year-round excitement within easy reach of smooth-sand beaches and some of the nation’s most enticing waterways. Exquisite shops, fine dining, Broadway-quality shows, a world-renowned art museum and more - this is what awaits the fortunate visitor to West Palm Beach.
Downtown West Palm Beach is home to four retail and entertainment districts: Clematis Street, Rosemary Square, Northwood Village, and Antique Row. These vibrant pieces of West Palm Beach are lined with fashionable bars, nightclubs, boutiques and collectibles.
Single Family Homes
Condos & Townhomes
Top Residential Sale $16.588M
2305 S FLAGLER DR, WEST PALM BEACH, FL 33401
IPRE.COM LUXURY REPORT SINGLE FAMILY HOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 62 40 79 ▲27.4% ▲97.5% Average Sales Price $2,310,483 $2,137,955 $2,662,847 ▲15.3% ▲24.6% Median Sales Price $1,787,500 $1,477,500 $2,050,000 ▲14.7% ▲38.7% Average Square Footage 3,216 3,110 3,042 ▼5.4% ▼2.2% Price Per Square Foot $758 $696 $866 ▲14.3% ▲24.5% Average DOM 77 99 104 ▲34.4% ▲4.7% Sales Sold at Original List Price 2 2 3 ▲50.0% ▲50.0% Top Sale Price $6,200,000 $8,500,000 $16,588,640 ▲167.6% ▲95.2% Total Sale Volume $143,249,932 $85,518,191 $210,364,943 ▲46.9% ▲146.0% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 26 25 19 ▼26.9% ▼24.0% Average Sales Price $2,932,727 $3,811,545 $1,934,333 ▼34.0% ▼49.3% Median Sales Price $1,750,000 $2,100,000 $1,475,000 ▼15.7% ▼29.8% Average Square Footage 2,617 2,524 2,122 ▼18.9% ▼15.9% Price Per Square Foot $975 $1,285 $953 ▼2.2% ▼25.8% Average DOM 100 105 124 ▲23.5% ▲17.8% Sales Sold at Original List Price 1 4 1 ▲0.0% ▼75.0% Top Sale Price $21,000,000 $18,750,000 $3,675,000 ▼82.5% ▼80.4% Total Sale Volume $76,250,900 $95,288,627 $36,752,325 ▼51.8% ▼61.4%
TREASURE COAST 2024 | Q1 LUXURY REPORT SOLD $4,900,000
TREASURE COAST
SERENITY IN PARADISE
The Treasure Coast was unable to continue its trend of year-over-year gains, as the region’s inventory remains tight. Its 61 luxury single-family sales were an 18.7% year-over-year drop from the first quarter of 2023, while the region’s 27 high-end condo transactions marked an 18.2% year-over-year decrease. Pricing adjustments are in progress, as the average luxury single-family sales price dipped 19.5% yearover-year to $2.27 million and the average condo sales price dropped 24.2% to $1.97 million. Stuart’s performance tends to determine how the region fares, as evidenced by its 38.3% decline in year-overyear luxury single-family sales and 17.4% drop in high-end condo transactions. Port Saint Lucie (36.4%) and Hobe Sound (66.7%) had notable year-over-year increases in luxury single-family transactions.
Single Family Homes
Condos & Townhomes
IPRE.COM LUXURY REPORT SINGLE
2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 75 42 61 ▼18.7% ▲45.2% Average Sales Price $2,815,481 $1,923,017 $2,267,108 ▼19.5% ▲17.9% Median Sales Price $1,759,000 $1,300,000 $1,390,000 ▼21.0% ▲6.9% Average Square Footage 3,831 3,255 3,607 ▼5.8% ▲10.8% Price Per Square Foot $689 $587 $615 ▼10.7% ▲4.8% Average Days on Market 97 88 117 ▲21.1% ▲33.6% Sales Sold at Original List Price 9 8 9 ▲0.0% ▲12.5% Top Sale Price $11,750,000 $9,732,100 $15,000,000 ▲27.7% ▲54.1% Total Sale Volume $211,161,090 $80,766,711 $138,293,608 ▼34.5% ▲71.2% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 33 22 27 ▼18.2% ▲22.7% Average Sales Price $2,603,972 $2,103,409 $1,974,788 ▼24.2% ▼6.1% Median Sales Price $1,630,000 $1,775,000 $1,500,000 ▼8.0% ▼15.5% Average Square Footage 3,390 2,861 3,053 ▼10.0% ▲6.7% Price Per Square Foot $735 $760 $633 ▼13.9% ▼16.7% Average Days on Market 103 171 83 ▼19.5% ▼51.5% Sales Sold at Original List Price 4 4 5 ▲25.0% ▲25.0% Top Sale Price $11,750,000 $4,250,000 $9,500,000 ▼19.1% ▲123.5% Total Sale Volume $85,931,090 $46,275,000 $53,319,276 ▼38.0% ▲15.2%
FAMILY HOMES
HOBE SOUND 2024 | Q1
LUXURY REPORT SOLD $14,000,000
HOBE SOUND
TOWN
Nestled between Jupiter and Stuart along the Atlantic coast, Hobe Sound features picturesque nature attractions, beaches and parks. Jonathan Dickinson State Park is a big hit with camping and canoeing enthusiasts, while Blowing Rocks Preserve is a snorkeling haven with limestone formations that are the largest on the east coast. Hobe Sound’s beach town appeal is enhanced by its mix of antique stores, art galleries and beachfront eateries.
Single Family Homes
Condos & Townhomes
Sale $4.05M
IPRE.COM LUXURY REPORT SINGLE
2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 3 1 5 ▲66.7% ▲400.0% Average Sales Price $1,318,333 $3,310,000 $2,123,600 ▲61.1% ▼35.8% Median Sales Price $1,300,000 $3,310,000 $1,693,000 ▲30.2% ▼48.9% Average Square Footage 3,041 4,925 5,050 ▲66.0% ▲2.5% Price Per Square Foot $436 $672 $431 ▼1.2% ▼35.9% Average Days on Market 33 44 268 ▲705.2% ▲510.0% Sales Sold at Original List Price 0 0 0 -Top Sale Price $1,355,000 $3,310,000 $4,050,000 ▲198.9% ▲22.4% Total Sale Volume $3,955,000 $3,310,000 $10,618,000 ▲168.5% ▲220.8% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 2 1 ▼50.0%Average Sales Price $1,327,500 $1,500,000 ▲13.0%Median Sales Price $1,327,500 $1,500,000 ▲13.0%Average Square Footage 2,977 2,556 ▼14.1%Price Per Square Foot $449 $587 ▲30.8%Average Days on Market 7 249 ▲3730.8%Sales Sold at Original List Price 0 0 -Top Sale Price $1,355,000 $1,500,000 ▲10.7%Total Sale Volume $2,655,000 $1,500,000 ▼43.5% -
FAMILY HOMES
NATURE | RELAXED | BEACH
Top Residential
7341 SE GOLFHOUSE DR, HOBE SOUND, FL 33455
HUTCHINSON ISLAND 2024 | Q1 LUXURY REPORT SOLD $15,000,000
HUTCHINSON ISLAND
OCEANFRONT | SECLUSION | DINING
Located off the coast of Martin and St. Lucie counties, Hutchinson Island is a barrier island bordered by the Atlantic Ocean on the east and the Indian River on the west. Hutchinson Island is home to the Elliot Museum, the historic House of Refuge, and the Florida Oceanographic Society.
Here you will find miles of beautiful, sandy beaches to enjoy, with free public access on this down-toearth island that offers cultural events and activities for the whole family. Hotels, vacation rentals, fine restaurants – Hutchinson Island has it all. The island also is a great place to enjoy Florida wildlife at its finest. A true jewel, Hutchinson Island is a wonderful place to fish, play golf or just stare at the enchanting Atlantic.
Single Family Homes
Condos & Townhomes
Top Residential Sale $3.3M
4868 WATERSONG WAY, HUTCHINSON ISLAND, FL 34949
IPRE.COM LUXURY REPORT SINGLE FAMILY HOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 7 6 3 ▼57.1% ▼50.0% Average Sales Price $1,975,000 $1,529,167 $2,600,000 ▲31.6% ▲70.0% Median Sales Price $2,100,000 $1,200,000 $3,300,000 ▲57.1% ▲175.0% Average Square Footage 3,696 2,537 3,663 ▼0.9% ▲44.4% Price Per Square Foot $598 $587 $678 ▲13.4% ▲15.5% Average Days on Market 116 133 329 ▲183.0% ▲147.1% Sales Sold at Original List Price 2 1 0 ▼100.0% ▼100.0% Top Sale Price $2,950,000 $3,125,000 $3,300,000 ▲11.9% ▲5.6% Total Sale Volume $13,825,000 $9,175,000 $7,800,000 ▼43.6% ▼15.0% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 1 1 4 ▲300.0% ▲300.0% Average Sales Price $1,025,000 $1,250,000 $1,650,000 ▲61.0% ▲32.0% Median Sales Price $1,025,000 $1,250,000 $1,150,001 ▲12.2% ▼8.0% Average Square Footage 2,322 2,759 3,077 ▲32.5% ▲11.5% Price Per Square Foot $441 $453 $501 ▲13.4% ▲10.5% Average Days on Market 55 91 194 ▲251.8% ▲112.6% Sales Sold at Original List Price 0 1 0 - ▼100.0% Top Sale Price $1,025,000 $1,250,000 $3,300,000 ▲222.0% ▲164.0% Total Sale Volume $1,025,000 $1,250,000 $6,600,001 ▲543.9% ▲428.0%
LISTED $49,500,000
JUPITER ISLAND 2024 | Q1
LUXURY REPORT
JUPITER ISLAND WATERVIEWS | HISTORY | BOATING
The Town of Jupiter Island is a coveted place to call home, a tropical paradise with gorgeous banyan tree canopies, beaches and many outdoor activities. The 17-mile long island is flanked by the Atlantic Ocean and Intracoastal Waterway, in close proximity to some of the Treasure Coast’s top recreational, cultural and sporting facilities. It is also a convenient drive away from the Palm Beach International Airport and Stuart Jet Center. Much of Jupiter Island’s acreage has been protected as nature and wildlife preserves.
Single Family Homes
Condos & Townhomes
Top Residential Sale $7.5M 107 N BEACH RD, HOBE SOUND, FL 33455
IPRE.COM LUXURY REPORT SINGLE FAMILY HOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 2 2 3 ▲50.0% ▲50.0% Average Sales Price $9,825,000 $7,166,050 $5,625,000 ▼42.7% ▼21.5% Median Sales Price $9,825,000 $7,166,050 $4,925,000 ▼49.9% ▼31.3% Average Square Footage 4,175 4,107 3,487 ▼16.5% ▼15.1% Price Per Square Foot $2,454 $1,712 $1,867 ▼23.9% ▲9.1% Average Days on Market 4 22 52 ▲1200.0% ▲141.9% Sales Sold at Original List Price 1 0 0 ▼100.0%Top Sale Price $10,750,000 $9,732,100 $7,500,000 ▼30.2% ▼22.9% Total Sale Volume $19,650,000 $14,332,100 $16,875,000 ▼14.1% ▲17.7% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 2 4 1 ▼50.0% ▼75.0% Average Sales Price $3,400,000 $2,193,750 $2,000,000 ▼41.2% ▼8.8% Median Sales Price $3,400,000 $2,187,500 $2,000,000 ▼41.2% ▼8.6% Average Square Footage 2,100 2,197 1,800 ▼14.3% ▼18.1% Price Per Square Foot $1,619 $1,021 $1,111 ▼31.4% ▲8.9% Average Days on Market 138 151 50 ▼63.8% ▼66.8% Sales Sold at Original List Price 0 0 0 -Top Sale Price $3,500,000 $2,650,000 $2,000,000 ▼42.9% ▼24.5% Total Sale Volume $6,800,000 $8,775,000 $2,000,000 ▼70.6% ▼77.2%
SEWALLS POINT 2024 | Q1
LUXURY REPORT SOLD $11,750,000
SEWALLS POINT
SMALL TOWN | INTRACOASTAL | NATURE
Sewall’s Point is a charming peninsula town located on the eastern side of Martin County, Florida. Once a vacation town, it now is home to many younger families and full-time residents. Surrounded by water on its north, south and west, this unique community is famous for its waterfront homes and is often called a boaters’ paradise. Shaded by ancient oaks and surrounded on three sides by the St. Lucie River and the Indian River Lagoon, Sewall’s Point is known for its natural beauty. The town is a designated bird sanctuary and has been a nationally recognized “Tree City” for over two decades. Many unique shops and outstanding dining can be found in beautiful Sewall’s Point.
Single Family Homes
Condos & Townhomes
Top Residential Sale $4.4M 45 W HIGH POINT RD, STUART, FL 34996
IPRE.COM LUXURY REPORT
2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 5 10 6 ▲20.0% ▼40.0% Average Sales Price $6,845,000 $1,648,280 $2,205,313 ▼67.8% ▲33.8% Median Sales Price $5,625,000 $1,413,900 $1,690,938 ▼69.9% ▲19.6% Average Square Footage 8,360 3,371 3,699 ▼55.8% ▲9.7% Price Per Square Foot $744 $478 $573 ▼23.0% ▲19.8% Average Days on Market 98 142 99 ▲0.6% ▼30.3% Sales Sold at Original List Price 1 0 0 ▼100.0%Top Sale Price $11,750,000 $2,725,000 $4,400,000 ▼62.6% ▲61.5% Total Sale Volume $34,225,000 $16,482,800 $13,231,875 ▼61.3% ▼19.7% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 3 4 2 ▼33.3% ▼50.0% Average Sales Price $7,091,667 $1,950,000 $1,528,438 ▼78.4% ▼21.6% Median Sales Price $5,625,000 $1,922,500 $1,528,438 ▼72.8% ▼20.5% Average Square Footage 8,690 3,452 2,837 ▼67.4% ▼17.8% Price Per Square Foot $788 $554 $541 ▼31.3% ▼2.4% Average Days on Market 101 59 58 ▼43.1% ▼2.1% Sales Sold at Original List Price 0 0 0 -Top Sale Price $11,750,000 $2,725,000 $1,681,875 ▼85.7% ▼38.3% Total Sale Volume $21,275,000 $7,800,000 $3,056,875 ▼85.6% ▼60.8%
SINGLE FAMILY HOMES
STUART 2024 | Q1
LUXURY REPORT SOLD $6,940,000
Stuart, the hub of Martin County, also known as the “Sailfish Capital of the World” because of the many sailfish found off the coast, is located along the banks of the St. Lucie River. Stuart is located on the eastern point of the Okeechobee Waterway, which extends from the Atlantic Ocean in Stuart to the Gulf of Mexico in Ft. Myers.
Adventurers wanting to get back to nature will find an array of outdoor options in the area, including kayaking, hiking, biking and birding options. Finally, take a romantic stroll along Stuart’s Riverwalk and enjoy the scenery or gaze upon the Roosevelt Bridge, voted one of the most “Spectacular Bridges Around the World.”
Single Family Homes
Condos & Townhomes
Top Residential Sale $15M
1005 NE DOUBLOON DR, STUART, FL 34996
IPRE.COM LUXURY REPORT SINGLE FAMILY HOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 47 13 29 ▼38.3% ▲123.1% Average Sales Price $2,636,406 $1,865,385 $2,408,339 ▼8.7% ▲29.1% Median Sales Price $1,759,000 $1,425,000 $1,525,000 ▼13.3% ▲7.0% Average Square Footage 3,470 2,958 3,420 ▼1.4% ▲15.6% Price Per Square Foot $698 $657 $640 ▼8.4% ▼2.7% Average Days on Market 100 65 86 ▼13.9% ▲32.4% Sales Sold at Original List Price 5 4 6 ▲20.0% ▲50.0% Top Sale Price $11,175,000 $4,250,000 $15,000,000 ▲34.2% ▲252.9% Total Sale Volume $123,911,090 $24,250,000 $69,841,845 ▼43.6% ▲188.0% CONDOS/TOWNHOMES 2023 Q1 2023 Q4 2024 Q1 % CHANGE (1 YEAR) % CHANGE (1 QUARTER) Number of Sales 23 13 19 ▼17.4% ▲46.2% Average Sales Price $2,205,047 $2,188,462 $2,113,811 ▼4.1% ▼3.4% Median Sales Price $1,350,000 $1,750,000 $1,525,000 ▲13.0% ▼12.9% Average Square Footage 2,874 2,892 3,163 ▲10.0% ▲9.4% Price Per Square Foot $711 $766 $648 ▼8.9% ▼15.4% Average Days on Market 119 219 56 ▼53.3% ▼74.6% Sales Sold at Original List Price 4 3 5 ▲25.0% ▲66.7% Top Sale Price $11,175,000 $4,250,000 $9,500,000 ▼15.0% ▲123.5% Total Sale Volume $50,716,090 $28,450,000 $40,162,400 ▼20.8% ▲41.2%
RELAXED
STUART
| BEACH TOWN | HISTORIC
IPRE.COM