Real Estate Trends Along Florida’s East Coast 2023 ANNUAL MARKET REPORT
FEATURED PROPERTY: 98 LA GORCE CIRCLE MIAMI BEACH, FL
The Allure of Timeless Design The St. Regis Residences, Miami represents a future propelled by a historic past. A place where new generations will create a lifetime of legendary moments, in one-of-a-kind homes for individuals who perceive their personal legacies innately intertwined with the rich heritage of Miami. Situated on tree-lined South Brickell, on the site of the future building, the gallery offers breathtaking bayfront views. Designed by Rockwell Group, the 5,000 square foot space includes a fully constructed model residence that showcases the textures and finishes of the private homes. Experience The St. Regis Residences, Miami at our exquisite new sales gallery now open for appointments.
A Limited Collection of 152 Waterfront Residences Two-to-Six Bedroom Homes Residences Starting at $3.7M Sales Gallery Now Open | By Appointment Only
Future Residences located at 1809 Brickell Avenue Miami, Florida 33129 MiamiSRR.com ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. The St. Regis Residences, Miami’s Developer is 1809 Brickell Property Owner, LLC and the complete offering terms are contained in Developer’s prospectus. The St. Regis Residences, Miami is not owned, developed, or sold by Marriott International, Inc. (or its affiliates), which has not confirmed theaccuracy of any of the statements or representations made about the project. Consult only the Developer’s Prospectus to understand this offering, the amenities, the proposed budgets, terms, conditions, specifications, fees, Unit dimensions and method for Unit calculation, site plans, and to learn what is included with purchase and by payment of regular assessments. All prices are subject to change and do not include optional features, design packages, or premiums for upgrades to any Unit. 1809 Brickell Property Owner, LLC 2024.
ONE Sotheby’s International Realty Exclusive Sales and Marketing Brokerage Representing Alba Palm Beach
Intimately sized, graciously appointed, and centrally located directly on the Intracoastal, Alba Palm Beach is a dramatic step forward for life on the water. Offering only 55 residences, Alba Palm Beach features two-to-four bedrooms with serene, unobstructed waterfront vistas within South Florida’s most prestigious neighborhood. Owners will enjoy an impressive suite of over 25,000 square feet of residential on-site amenities including a complimentary membership to the coveted Palm Beach Yacht Club, offering the ultimate beachside escape.
A waterfront oasis nestled in the heart of downtown West Palm Beach minutes away from the world-class shopping and dining in the Palm Beaches, Alba Palm Beach provides a lifestyle of ease and exclusivity like never before.
Paradise Has Finally Found Its Way Home
Sales Gallery & Showroom: 250 N. Olive Avenue, West Palm Beach albapalmbeach.com Artist’s Rendering © 2023 Scuba Club WPB, LLC. All Rights Reserved. FULL DISCLAIMER AT: www.albapalmbeach.com/disclaimer THE COMPLETE OFFERING TERMS ARE IN A CPS-12 APPLICATION AVAILABLE FROM THE OFFEROR. FILE NO. CP23-0044
Table of Contents MIAMI-DADE COUNTY
06
BROWARD COUNTY
08
PALM BEACH COUNTY
10
MARTIN COUNTY
12
INDIAN RIVER COUNTY
14
BREVARD COUNTY
16
FLAGLER COUNTY
18
ST. JOHNS COUNTY
19
CLAY COUNTY
20
DUVAL COUNTY
21
NASSAU COUNTY
22
Real estate trends along Florida’s East Coast The housing market had its ups and downs in the last year. Home sales moderated along Florida’s East Coast in 2023 as higher mortgage rates continued to constrain buyer activity. More than 23,000 homes and condos sold in 2023, a decrease of 8% from 2022. Sales activity for condos declined the most, with a 15% drop from the prior year. In southeast Florida, condo sales also accounted for the bulk of the slowdown. However, condo sales increased from the previous year in northeast Florida while single-family home sales declined. Sales activity varied by price range during 2023. Midpriced home sales were on par with the previous year in several counties. In southeast Florida, sales of homes priced between $1 million and $2 million increased slightly. On the other hand, sales of homes priced more than $5 million fell last year. However, outside of the statistics used within this report, sales of homes priced less than $500,000 fell the most as higher mortgage rates reduced purchase activity. A similar trend emerged in northeast Florida, with more significant slowdowns in the highest-priced and lowest-priced tiers. However, sales increased by 4% in the $1 million to $4 million range. During the last year, price movement was mixed. Along Florida’s East Coast, the median price for single-family homes increased while condo prices fell. Pricing in northeast Florida was slightly better than in southeast Florida, even as inventory increased. We saw the strongest price gains during 2023 for singlefamily homes in Duval and Indian River counties. In the condo segment, price growth in Clay and Palm Beach counties outpaced the rest of the region.
Throughout 2023, for-sale inventory increased as a growing number of homes were listed, just as sales activity moderated. In southeast and northeast Florida, condo and single-family home sales increased from the previous year. Inventory in northeast Florida, in particular, increased substantially from 2022 as many higher-priced single-family homes came to market. On the bright side, following a surge of listings early in the year, inventory began to decrease in the final months of 2023 in northeast Florida. As potential buyers found more options, listings remained on the market longer on average, and the share of homes selling at a premium to the list price fell in most neighborhoods. Macroeconomic factors weighed on the housing market in 2023, particularly with elevated mortgage rates influencing buyer activity. The moderation in activity helped to constrain pricing, and listing inventory rose. In recent weeks, mortgage rates fell slightly and, with a likely end to Federal Reserve interest rate hikes for the near term, may continue to decrease modestly in the coming months. This boost to purchasing power and affordability should entice additional buyers off the sidelines, leading to a rebound in sales activity. The larger volume of homes for sale should be able to absorb this increase in demand, yet pricing should recover in most neighborhoods. The housing market is poised to return to a positive trajectory in 2024, and a continued influx of new households and out-of-state and foreign investors should bolster demand up and down Florida’s East Coast.
Florida’s East Coast Snapshot Market data represents single-family and condominium properties above $1,000,000 for Miami-Dade, Broward and Palm Beach County and above $500,000 for Martin, Indian River, Brevard, Clay, Duval, Nassau, Flagler and St. Johns County.
FOR-SALE LISTINGS
MEDIAN SALES PRICE
AVG. SALES PRICE
AVG. PRICE PER SF
CLOSED TRANSACTIONS
HIGHEST SALE
DEC 23
CHANGE FROM PRIOR MONTH
2023
YOY% CHANGE
2023
YOY% CHANGE
2023
YOY% CHANGE
SINGLE FAMILY HOMES
1,890
1%
$1,650,000
-5%
$2,660,752
-7%
$782
-2%
2,134
-6%
$79,000,000
CONDOS
2,245
1%
$1,650,000
0%
$2,508,566
-1%
$1,087
3%
1,673
-29%
$27,100,000
SINGLE FAMILY HOMES
675
0%
$655,369
1%
$794,435
2%
$313
2%
2,171
-4%
$6,000,000
CONDOS
210
0%
$649,900
-2%
$751,010
1%
$396
1%
373
-19%
$2,214,210
SINGLE FAMILY HOMES
1,225
-2%
$1,400,000
-4%
$2,035,111
-2%
$570
0%
1,824
-11%
$40,000,000
CONDOS
530
7%
$1,500,000
-8%
$1,847,983
-14%
$795
-9%
478
-29%
$13,250,000
SINGLE FAMILY HOMES
543
-2%
$772,500
3%
$1,168,722
1%
$413
4%
809
11%
$20,500,000
CONDOS
166
30%
$785,000
-1%
$1,033,831
1%
$510
-2%
239
19%
$3,945,000
SINGLE FAMILY HOMES
180
-2%
$750,000
-5%
$1,058,607
2%
$387
3%
584
8%
$12,000,000
CONDOS
52
8%
$640,000
-3%
$841,017
1%
$503
5%
95
23%
$4,250,000
SINGLE FAMILY HOMES
1,952
2%
$1,600,000
-5%
$2,602,444
-7%
$697
-2%
2,811
1%
$62,988,000
CONDOS
745
10%
$1,825,000
6%
$2,365,284
2%
$992
6%
905
-2%
$21,000,000
29
-36%
$595,000
-2%
$668,425
-1%
$225
2%
428
-17%
$2,700,000
157
-11%
$680,000
3%
$852,431
5%
$225
2%
2,287
-9%
$8,000,000
121
-1%
$670,000
2%
$851,133
7%
$334
1%
1,035
-4%
$4,700,000
133
-1%
$719,375
3%
$891,634
-2%
$378
4%
1,348
-4%
$6,450,000
323
-12%
$690,000
2%
$861,645
1%
$337
3%
4,261
-8%
$19,000,000
2023
YOY% CHANGE
2023
MIAMI DADE COUNTY
BREVARD COUNTY
BROWARD COUNTY
INDIAN RIVER COUNTY
MARTIN COUNTY
PALM BEACH COUNTY
CLAY COUNTY RESIDENTIAL DUVAL COUNTY RESIDENTIAL FLAGLER COUNTY RESIDENTIAL NASSAU COUNTY RESIDENTIAL ST JOHNS COUNTY RESIDENTIAL
Average Sales Price | Single-Family Homes $3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0 Brevard
Indian River
Martin
Palm Beach
Broward
2022
Miami-Dade
Clay
Duval
Flagler
Nassau
St. Johns
Duval
Flagler
Nassau
St. Johns
2023
Average Sales Price | Condominiums $3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0 Brevard
Indian River
Martin
Palm Beach
Broward
2022
Miami-Dade
Clay
2023
Market data represents single-family and condominium properties above $1,000,000 for Miami-Dade, Broward and Palm Beach County and above $500,000 for Martin, Indian River, Brevard, Clay, Duval, Nassau, Flagler and St. Johns County.
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BEACH CLUB ACCESS Ella Miami Beach will offer its residents beach club access with the Boucher Brothers, bringing a daily beach setup complete with complimentary lounge chairs and umbrellas. RESIDENCES PRICED FROM THE MID-$600,000S Future Residences Located At:
Sales Gallery:
6940 Abbott Ave, Miami Beach, FL 33141
6897 Collins Ave, Miami Beach, FL 33141
EllaMiamiBeach.com © 2024 ONE Sotheby’s International Realty. All rights reserved. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates LLC or any of its affiliated companies. The information contained herein is deemed accurate but not guaranteed. Oral representations cannot be relied upon as correctly stating the representations of the developer. For correct representations, reference should be made to the documents required by section 718.503, Florida Statutes, to be furnished by a developer to a buyer or lessee. Pricing subject to change without notice.
NEIGHBORHOOD SNAPSHOTS
SINGLE-FAMILY HOMES
Miami-Dade County INVENTORY UP For-sale inventory increased by 14% in 2023. While overall sales fell, sales of homes priced between $500,000 and $1 million increased by 5%.
$1.7M
5%
MEDIAN SALES PRICE
80
MEDIAN PPSF
2,134
34%
AVG. DAYS ON MARKET
1,890
$686
2%
SOLD LISTINGS
12%
ACTIVE LISTINGS
MARKET DATA FOR SINGLE-FAMILY HOMES, $1,000,000+
MEDIAN SALES PRICE
MEDIAN PRICE PER SF
2023
2022
YOY% CHANGE
AVENTURA
$1,530,000
$2,385,000
-36%
BAL HARBOUR
$6,521,250
$27,828,900
BAY HARBOR ISLANDS
$3,128,750
COCONUT GROVE
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$583
-2%
17
-11%
64
-77%
$2,111
-38%
2
-33%
132
$3,525,000
-11%
$1,114
-2%
10
-41%
53
$2,300,000
$2,050,000
12%
$900
-4%
124
-17%
101
CORAL GABLES
$1,800,000
$1,972,000
-9%
$814
6%
285
-13%
68
GOLDEN BEACH
$6,175,000
$4,675,000
32%
$1,600
10%
10
0%
121
KEY BISCAYNE
$3,607,500
$3,800,000
-5%
$1,236
1%
28
-51%
103
MIAMI
$1,400,000
$1,438,300
-3%
$563
7%
582
-3%
75
MIAMI BEACH
$3,025,000
$3,400,000
-11%
$1,084
-7%
205
-5%
112
MIAMI SHORES
$1,370,000
$1,475,000
-7%
$698
2%
96
13%
51
NORTH BAY VILLAGE
$1,375,000
$1,400,000
-2%
$646
6%
11
-42%
91
PINECREST
$2,365,000
$2,425,000
-2%
$740
11%
176
-3%
74
SOUTH MIAMI
$1,400,000
$1,645,000
-15%
$677
-1%
43
-22%
52
SUNNY ISLES BEACH
$1,487,500
$2,350,000
-37%
$857
31%
10
0%
146
SURFSIDE
$1,465,000
$1,500,000
-2%
$809
-7%
27
-36%
84
2023
6%
NEIGHBORHOOD SNAPSHOTS
CONDOMINIUMS
Miami-Dade County PRICING STEADY The median price was unchanged from the previous year even though fewer units were sold.
$1.7M
0%
MEDIAN SALES PRICE
112
1,673
AVG. DAYS ON MARKET
SOLD LISTINGS
MEDIAN PRICE PER SF
2023
2022
YOY% CHANGE
AVENTURA
$1,550,000
$1,700,000
-9%
BAL HARBOUR
$2,800,000
$2,667,500
BAY HARBOR ISLANDS
$1,490,000
BRICKELL/DOWNTOWN MIAMI/EDGEWATER
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$555
-1%
119
-34%
120
5%
$1,254
4%
72
-24%
124
$1,267,500
18%
$655
-7%
15
-32%
91
$1,317,500
$1,425,000
-8%
$812
1%
286
-28%
103
COCONUT GROVE
$1,725,000
$1,700,000
1%
$914
11%
141
-3%
82
CORAL GABLES
$1,820,000
$1,694,000
7%
$715
8%
34
-31%
122
FISHER ISLAND
$3,600,000
$8,550,000
-58%
$1,312
-44%
1
-80%
275
GOLDEN BEACH
N/A
N/A
N/A
N/A
N/A
-
N/A
N/A
INDIAN CREEK
N/A
N/A
N/A
N/A
N/A
-
N/A
N/A
KEY BISCAYNE
$1,775,000
$1,750,000
1%
$936
0%
131
-13%
100
MIAMI
$1,425,000
$1,350,000
6%
$918
10%
151
-34%
110
MIAMI BEACH
$1,755,000
$1,850,000
-5%
$1,224
2%
388
-30%
119
N/A
N/A
N/A
N/A
-
N/A
N/A
2023
3%
MEDIAN PPSF
2%
2,245
$914
MEDIAN SALES PRICE
29%
MIAMI SHORES
N/A
NORTH BAY VILLAGE
$1,152,000
$1,300,000
-11%
$593
7%
6
-14%
72
PINECREST
$1,500,000
$1,174,500
28%
$450
1%
3
-25%
28
N/A
N/A
N/A
N/A
-
N/A
N/A
SOUTH MIAMI
N/A
14%
ACTIVE LISTINGS
MARKET DATA FOR CONDOMINIUMS, $1,000,000+
SUNNY ISLES BEACH
$1,999,000
$1,765,000
13%
$922
3%
273
-35%
134
SURFSIDE
$2,050,000
$2,150,000
-5%
$1,069
7%
21
-36%
64
DISCOVER THE ART OF LIVING Meticulously crafted spaces, featuring thoughtful two-to-four bedroom layouts with spacious covered terraces and alfresco kitchens perfect for entertaining family and friends. Revel in the bespoke details and high end finishes that echo the rich history and lush landscapes of Coral Gables. Your Journey Begins Here
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ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. This is not intended to be an offer to sell, or solicitation of an offer to buy, condominium units to residents of CT, ID, NY, NJ and OR, unless registered or exemptions are available, or in any other jurisdiction where prohibited by law, and your eligibility for purchase will depend upon your state of residency. This offering is made only by the prospectus for the condominium and no statement should be relied upon if not made in the prospectus. The Developer (as is defined herein below) reserves the right to revise or modify, in its sole and absolute discretion, any or all improvements, designs and construction specifications depicted and all terms, conditions and statements made. All of the drawings, rendering, and photographs provided by Developer are conceptual only and are for the convenience of illustrating a proposed development; said drawings, renderings and photographs should not be relied upon as representations, express or implied, of the final detail of the residences. All depictions of appliances, fixtures, counters, soffits, wall coverings, floor coverings, furnishings, closets, and other matters of detail, including, without limitation, items of finish and decoration, are conceptual only and are not necessarily the final finishes and details included with the purchase of a Unit. Consult your Purchase Agreement and the Prospectus for information on what is included with Unit purchases. The photographs contained in these materials and other brochures may be stock photography, or may have been taken off-site and are used to depict the spirit of the lifestyles to be achieved rather than any that may exist or that may be proposed, and the photographs are merely intended as illustrations of the activities and concepts depicted therein. No statements or representations have been made by Developer, or any of its agents, employees or representatives with respect to any potential for future profit, any future appreciation in value, investment opportunity potential, any rental income potential, the ability or willingness of Developer, or its affiliates, to assist any buyer in financing, renting (other than the existence of a voluntary rental program) or selling the Unit (except only in response to a direct inquiry from buyer), the economic or tax benefits to be derived from the managerial efforts of a third party as a result of renting the Unit or other units, or the economic or tax benefits to be derived from ownership of the Unit. The Developer, its agents, employees, and representatives are neither investment advisors nor tax advisors and any statement that may have been made should not be relied upon in your decision to purchase. Certain nearby attractions referenced or identified in these materials are off-site and not controlled by the Developer. The references to nearby attractions are based upon public information sources and are believed to be accurate as of the date of these materials or publication; however, there is no guarantee that such attractions will continue to exist, or that there would not be changes and/or substitutions of any of the same. The managing entities, operators, amenities and other features that may be referred to are accurate as of the date of these materials or publication; however, there is no guarantee that the managing entities, operators, amenities and other features that may be referred to will be involved at, or following, the completion of the Condominium. The Developer reserves the right to change any and all such managing entities, operators, amenities and other features that may be referred to as the Developer deems best for the Condominium in the Developer’s sole and absolute discretion. Dimensions and square footage of the Units are approximate and may vary with actual construction. The Condominium is being developed by Gables Village Propco LLC, a Delaware limited liability company (“Developer”). You will look solely to Developer with respect to any and all matters relating to the sales, marketing, and development of the Condominium or your purchase of a Unit in the Condominium. No real estate broker is authorized to make any representations or other statements regarding the project, and no agreements with, deposits paid to or other arrangements made with any real estate broker are or shall be binding on the Developer. All prices are subject to change at any time and without notice, and do not include optional features or premiums for upgraded units. From time to time, price changes may have occurred that are not yet reflected on these materials or other brochures. Please check with the Developer for the most current pricing. Concierge services that may be described are available to Unit owners who pay additional fees. Consult the Prospectus for the site plan and the location of the Unit you desire. Unless otherwise noted, this content is owned by Developer and the unauthorized reproduction, display or other dissemination of these or other materials is strictly prohibited and constitutes copyright infringement. Unless otherwise defined, capitalized terms used herein shall have the meanings ascribed to them in the Prospectus.
NEIGHBORHOOD SNAPSHOTS
SINGLE-FAMILY HOMES
Broward County SALES DECREASE The number of homes sold fell in 2023, though there was a slight acceleration of activity at the end of the year. Listing volume increased by 16%, one of the smallest jumps in the region.
$1.4M
4%
MEDIAN SALES PRICE
73
MEDIAN PPSF
1,824
50%
AVG. DAYS ON MARKET
1,225
$470
2%
SOLD LISTINGS
11%
MEDIAN SALES PRICE
MEDIAN PRICE PER SF
2023
2022
YOY% CHANGE
COOPER CITY
$1,269,518
$1,200,000
6%
CORAL SPRINGS
$1,150,000
$1,275,000
DAVIE
$1,500,000
DEERFIELD BEACH
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$395
4%
39
11%
51
-10%
$322
-4%
35
-38%
54
$1,500,000
0%
$387
-2%
165
9%
82
$1,600,000
$1,770,000
-10%
$685
8%
35
52%
87
FORT LAUDERDALE
$1,850,000
$2,000,000
-8%
$712
-5%
456
-17%
91
HALLANDALE
$5,950,000
$2,670,000
123%
$1,003
-7%
9
-10%
91
HILLSBORO BEACH
$19,241,500
N/A
N/A
$1,490
N/A
1
N/A
649
HOLLYWOOD
$1,350,000
$1,357,500
-1%
$500
-6%
98
-2%
78
LAUDERDALE-BY-THESEA
$1,325,000
$1,487,500
-11%
$762
5%
11
-61%
88
LIGHTHOUSE POINT
$2,300,000
$1,910,000
20%
$733
3%
85
-19%
68
MIRAMAR
$1,189,000
$1,180,500
1%
$314
-2%
47
-2%
57
PARKLAND
$1,300,000
$1,332,500
-2%
$371
-1%
314
2%
53
PEMBROKE PINES
$1,150,000
$1,100,000
5%
$337
0%
27
-18%
51
PLANTATION
$1,300,000
$1,400,000
-7%
$407
-1%
77
-18%
57
POMPANO BEACH
$1,475,000
$1,450,000
2%
$710
-2%
98
-20%
72
SOUTHWEST RANCHES
$1,825,000
$1,650,000
11%
$473
1%
72
-13%
74
N/A
N/A
N/A
N/A
-
N/A
N/A
2023
16%
ACTIVE LISTINGS
MARKET DATA FOR SINGLE-FAMILY HOMES, $1,000,000+
SUNRISE
N/A
WESTON
$1,255,000
$1,296,500
-3%
$403
5%
175
-26%
58
WILTON MANORS
$1,250,000
$1,330,000
-6%
$640
-1%
33
10%
55
Broward County THE PACE OF SALES ACCELERATES While the number of sales fell, units spent much less time on the market compared with 2022. Broward County was the only region where units sold quicker in 2023 compared with the prior year.
NEIGHBORHOOD SNAPSHOTS
CONDOMINIUMS
MEDIAN SALES PRICE
2023
2022
YOY% CHANGE
DEERFIELD BEACH
$1,345,000
$1,625,000
-17%
FORT LAUDERDALE
$1,500,000
$1,700,000
HALLANDALE
$1,250,000
HILLSBORO BEACH
$1.5M
$724
MEDIAN SALES PRICE
MEDIAN PPSF
81
478
42%
AVG. DAYS ON MARKET
530
SOLD LISTINGS
39%
ACTIVE LISTINGS
MARKET DATA FOR CONDOMINIUMS, $1,000,000+
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$907
19%
7
-13%
95
-12%
$730
-2%
305
-31%
80
$1,540,000
-19%
$758
-8%
41
2%
90
$1,300,000
$1,372,500
-5%
$621
10%
16
-11%
43
HOLLYWOOD
$1,500,000
$1,551,000
-3%
$693
0%
50
-47%
115
LAUDERDALE-BY-THESEA
$1,585,000
$1,595,000
-1%
$615
14%
25
-44%
61
N/A
N/A
N/A
N/A
-
N/A
N/A
LIGHTHOUSE POINT
8%
MEDIAN PRICE PER SF
N/A
2023
POMPANO BEACH
$1,790,000
$1,512,000
18%
$849
56%
33
10%
60
WILTON MANORS
N/A
$1,100,000
N/A
N/A
N/A
-
N/A
N/A
1%
29%
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Palm Beach County MORE EXPENSIVE HOMES SELL Sales of homes priced between $1 million and $5 million increased by more than 2%, though sales decreased in all other price ranges.
$1.6M
5%
MEDIAN SALES PRICE
70
2,811
AVG. DAYS ON MARKET
SOLD LISTINGS
30%
ACTIVE LISTINGS
MARKET DATA FOR SINGLE-FAMILY HOMES, $1,000,000+
MEDIAN SALES PRICE
3%
MEDIAN PRICE PER SF
2023
2022
YOY% CHANGE
BOCA RATON
$1,675,000
$1,700,000
-1%
BOYNTON BEACH
$1,255,000
$1,300,000
DELRAY BEACH
$1,750,000
HIGHLAND BEACH
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$523
5%
764
7%
67
-3%
$450
7%
186
43%
50
$1,700,000
3%
$564
9%
396
-2%
57
$4,600,000
$9,900,000
-54%
$948
-37%
5
-55%
360
JUNO BEACH
$2,158,750
$1,900,000
14%
$902
15%
18
100%
81
JUPITER
$1,665,283
$1,625,000
2%
$569
2%
376
17%
71
JUPITER INLET COLONY
$4,995,000
$8,300,000
-40%
$1,503
-21%
9
50%
96
N/A
N/A
N/A
N/A
-
N/A
N/A
LAKE PARK
MEDIAN PPSF
52%
1,952
$541
NEIGHBORHOOD SNAPSHOTS
SINGLE-FAMILY HOMES
N/A
2023
LAKE WORTH
$1,225,000
$1,260,000
-3%
$417
6%
33
-38%
78
LANTANA
$3,400,000
$2,800,000
21%
$966
9%
14
-18%
92
NORTH PALM BEACH
$2,575,000
$3,075,000
-16%
$869
13%
53
6%
64
MANALAPAN
$13,903,000
$5,300,000
162%
$2,083
128%
7
0%
136
PALM BEACH
$9,237,430
$12,000,000
-23%
$2,838
-10%
45
-35%
140
PALM BEACH GARDENS
$1,550,000
$1,685,000
-8%
$494
2%
393
15%
64
SINGER ISLAND
$1,850,000
$2,405,000
-23%
$666
-41%
13
18%
64
TEQUESTA
$1,500,000
$1,563,500
-4%
$653
-2%
27
-4%
55
WELLINGTON
$1,572,500
$1,600,000
-2%
$452
4%
158
-29%
95
WEST PALM BEACH
$1,650,000
$1,700,000
-3%
$633
-4%
179
-26%
97
1%
CONDOMINIUMS
Palm Beach County PRICING MOVES HIGHER The median price increased by 6%, the strongest growth in the region. Sales were on par with the previous year, but inventory increased.
$1.8M MEDIAN SALES PRICE
71
32%
AVG. DAYS ON MARKET
745 ACTIVE LISTINGS
6%
$879 MEDIAN PPSF
905 SOLD LISTINGS
43%
8%
NEIGHBORHOOD SNAPSHOTS
MEDIAN SALES PRICE
MEDIAN PRICE PER SF
2023
2022
YOY% CHANGE
BOCA RATON
$1,562,500
$1,650,000
-5%
BOYNTON BEACH
$1,395,000
$1,945,000
DELRAY BEACH
$1,500,000
HIGHLAND BEACH
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$843
3%
184
-12%
62
-28%
$771
19%
5
-77%
53
$1,575,000
-5%
$779
1%
100
4%
76
$1,800,000
$1,605,000
12%
$787
5%
53
-38%
72
JUNO BEACH
$1,500,000
$1,697,500
-12%
$756
-14%
37
42%
89
LAKE WORTH
N/A
N/A
N/A
N/A
N/A
-
N/A
N/A
LANTANA
N/A
$1,400,000
N/A
N/A
N/A
-
N/A
N/A
NORTH PALM BEACH
$1,600,000
$1,950,000
-18%
$723
10%
27
-18%
83
MANALAPAN
$4,150,000
$1,849,999
124%
$1,521
65%
2
-33%
42
PALM BEACH
$2,480,000
$2,518,000
-2%
$1,399
6%
110
-32%
86
PALM BEACH GARDENS
$1,800,000
$1,919,485
-6%
$642
-14%
23
5%
77
SINGER ISLAND
$1,710,000
$1,350,000
27%
$743
2%
52
6%
95
TEQUESTA
$2,650,000
$2,250,563
18%
$1,318
17%
11
-50%
113
WELLINGTON
$1,299,000
$1,357,500
-4%
$633
29%
13
63%
64
WEST PALM BEACH
$2,200,000
$1,450,000
52%
$1,065
22%
187
143%
65
2023
2%
SINGLE-FAMILY HOMES
Martin County
$750K
SALES RISE
5%
MEDIAN SALES PRICE
MEDIAN PPSF
584
180
8%
SOLD LISTINGS
Closed sales increased by 8%, yet the median price decreased. Sales increased the most in the $500,000 to $1 million range for homes over $3 million.
$329 ACTIVE LISTINGS
MARKET DATA FOR SINGLE-FAMILY, HOMES, $500,000+
NEIGHBORHOOD SNAPSHOTS
MEDIAN SALES PRICE
MEDIAN PRICE PER SF
2023
2022
YOY% CHANGE
$655,000
$680,000
-4%
HUTCHINSON ISLAND
$2,675,000
$1,587,500
JENSEN BEACH
$632,000
JUPITER ISLAND
HOBE SOUND
PALM CITY SEWALL'S POINT STUART
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$313
4%
64
73%
46
69%
$711
16%
23
92%
82
$649,900
-3%
$308
3%
81
37%
42
$11,171,836
$6,200,000
80%
$2,223
9%
14
-1%
105
$815,000
$835,000
-2%
$318
1%
377
6%
34
$1,075,000
$1,380,000
-22%
$415
-6%
46
-5%
54
$748,250
$701,450
7%
$351
6%
194
18%
55
2023
2%
56
AVG. DAYS ON MARKET
8%
52%
CONDOMINIUMS
Martin County
$640K
STRONG INCREASE IN SALES
3%
MEDIAN SALES PRICE
MEDIAN PPSF
95
52
23%
SOLD LISTINGS
The number of sales in 2023 increased by more than 23%, the most significant jump in the southeast region.
$452 ACTIVE LISTINGS
MARKET DATA FOR SINGLE-FAMILY, HOMES, $500,000+
NEIGHBORHOOD SNAPSHOTS
MEDIAN SALES PRICE
MEDIAN PRICE PER SF
2022
YOY% CHANGE
N/A
$1,250,000
N/A
HUTCHINSON ISLAND
$615,000
$675,000
JENSEN BEACH
$775,000
JUPITER ISLAND
N/A
2023 HOBE SOUND
PALM CITY SEWALL'S POINT STUART
$800,000 N/A $775,000
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
N/A
N/A
-
N/A
N/A
-9%
$471
-2%
70
27%
80
$557,500
39%
$326
6%
3
-57%
120
N/A
N/A
N/A
N/A
-
N/A
N/A
$1,187,500
-32%
$336
-36%
7
75%
73
N/A
N/A
N/A
N/A
-
N/A
N/A
$743,000
4%
$424
3%
13
30%
54
2023
24%
2%
77
AVG. DAYS ON MARKET
165%
SINGLE-FAMILY HOMES
Indian River County
$773K
SALES ACTIVITY UP
3%
MEDIAN SALES PRICE
MEDIAN PPSF
809
543
11%
SOLD LISTINGS
Sales activity increased by 11%, making it one of the few regions with more sales in 2023. This was also the most significant increase in the southeast region.
$324 ACTIVE LISTINGS
MARKET DATA FOR SINGLE-FAMILY, HOMES, $500,000+
NEIGHBORHOOD SNAPSHOTS
MEDIAN SALES PRICE
MEDIAN PRICE PER SF
2023
2022
YOY% CHANGE
BARRIER ISLAND
$1,250,100
$1,435,000
-13%
MAINLAND VERO BEACH
$635,000
$625,000
SEBASTIAN/ FELLSMERE
$600,000
$589,000
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$478
-5%
271
14%
106
2%
$269
2%
343
1%
88
2%
$283
3%
35
0%
96
2023
4%
89
AVG. DAYS ON MARKET
45%
46%
CONDOMINIUMS
Indian River County
$785K
SALES ACTIVITY UP
1%
MEDIAN SALES PRICE
MEDIAN PPSF
239
166
19%
SOLD LISTINGS
Sales activity increased by 11%, making it one of the few regions with more sales in 2023. This was also the most significant increase in the southeast region.
$446 ACTIVE LISTINGS
MARKET DATA FOR CONDOMINIUMS, $500,000+
NEIGHBORHOOD SNAPSHOTS
MEDIAN SALES PRICE
MEDIAN PRICE PER SF
2023
2022
YOY% CHANGE
BARRIER ISLAND
$825,000
$850,000
-3%
MAINLAND VERO BEACH
$716,352
$615,000
SEBASTIAN/ FELLSMERE
$550,000
N/A
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$473
1%
165
9%
95
16%
$331
2%
46
21%
100
N/A
$349
N/A
3
N/A
49
2023
1%
92
AVG. DAYS ON MARKET
82%
73%
NEIGHBORHOOD SNAPSHOTS
SINGLE-FAMILY HOMES
Brevard County HOMES MOVE QUICKLY The average number of days a home spent on the market remained the lowest in the southeastern region despite a moderate increase in 2023.
$655K MEDIAN SALES PRICE
39
65%
AVG. DAYS ON MARKET
675
1%
$283
2%
MEDIAN PPSF
2,171 SOLD LISTINGS
24%
ACTIVE LISTINGS
MARKET DATA FOR SINGLE-FAMILY HOMES, $500,000+
4%
MEDIAN SALES PRICE
MEDIAN PRICE PER SF
2023
2022
YOY% CHANGE
COCOA
$633,000
$630,000
0%
COCOA BEACH
$810,000
$810,000
GRANT
$690,000
INDIALANTIC
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$271
9%
50
-31%
38
0%
$467
11%
93
-15%
49
$674,000
2%
$304
6%
33
-18%
66
$745,000
$745,000
0%
$328
-2%
143
23%
40
MALABAR
$607,500
$614,000
-1%
$269
1%
44
-4%
48
MELBOURNE
$640,675
$639,450
0%
$270
3%
746
10%
30
MELBOURNE BEACH
$845,000
$901,000
-6%
$398
3%
129
-17%
57
MERRITT ISLAND
$665,000
$650,000
2%
$277
4%
305
-17%
48
MIMS
$615,000
$609,950
1%
$267
5%
31
-24%
71
PALM BAY
$589,500
$545,536
8%
$228
8%
83
-19%
30
ROCKLEDGE
$640,000
$653,250
-2%
$278
0%
165
2%
36
SATELLITE BEACH & INDIAN HARBOUR BEACH
$669,000
$659,450
1%
$343
2%
207
-5%
37
TITUSVILLE
$575,500
$585,000
-2%
$215
-1%
60
-25%
45
WEST MELBOURNE
$562,500
$560,000
0%
$214
-2%
46
2%
33
2023
NEIGHBORHOOD SNAPSHOTS
CONDOMINIUMS
Brevard County INVENTORY INCREASES Condo inventory increased in 2023, and fewer homes were sold, fueling a modest drop in pricing.
$650K MEDIAN SALES PRICE
66
17%
AVG. DAYS ON MARKET
210
2%
$402 MEDIAN PPSF
373 SOLD LISTINGS
42%
ACTIVE LISTINGS
MARKET DATA FOR CONDOMINIUMS, $500,000+
19%
1%
MEDIAN SALES PRICE
MEDIAN PRICE PER SF
2023
2022
YOY% CHANGE
COCOA
$595,000
$700,000
-15%
COCOA BEACH
$640,000
$650,000
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$289
-13%
17
-19%
53
-2%
$414
0%
101
-18%
53
N/A
N/A
N/A
N/A
-
N/A
N/A
$745,000
$750,000
-1%
$436
2%
55
4%
104
N/A
$885,000
N/A
N/A
N/A
-
N/A
N/A
MELBOURNE
$620,000
$659,900
-6%
$308
0%
12
-74%
93
MELBOURNE BEACH
$949,450
$749,000
27%
$462
13%
34
-36%
106
MERRITT ISLAND
$558,000
$530,000
5%
$249
-3%
11
57%
44
N/A
N/A
N/A
N/A
-
N/A
N/A
GRANT INDIALANTIC MALABAR
MIMS
N/A
N/A
2023
PALM BAY
$610,000
$560,000
9%
$217
-6%
2
100%
37
ROCKLEDGE
$891,500
$640,000
39%
$313
5%
1
-50%
36
SATELLITE BEACH & INDIAN HARBOUR BEACH
$798,500
$749,950
6%
$438
1%
80
-2%
51
TITUSVILLE
$544,900
$569,450
-4%
$296
12%
22
38%
69
N/A
N/A
N/A
N/A
-
N/A
N/A
WEST MELBOURNE
N/A
ALL RESIDENTIAL
Flagler County
$670K
2%
MEDIAN SALES PRICE
1,035
HIGHER PRICED HOMES SALES INCREASE
121
4%
ACTIVE LISTINGS
MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+
NEIGHBORHOOD SNAPSHOTS
MEDIAN SALES PRICE
MEDIAN PRICE PER SF
2023
2022
YOY% CHANGE
BUNNELL
$671,500
$785,000
-14%
FLAGLER BEACH
$730,000
$715,000
PALM COAST
$675,000
$660,000
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$275
28%
12
71%
79
2%
$364
-2%
97
-4%
76
2%
$308
1%
483
-14%
63
2023
63
AVG. DAYS ON MARKET
MEDIAN PPSF
SOLD LISTINGS
Sales of homes priced greater than $1 million increased by 15%. The most homes priced greater than $3 million sold in 2023.
$309
1%
57%
70%
NEIGHBORHOOD SNAPSHOTS
ALL RESIDENTIAL
St. Johns County PRICING TICKS UP The median price rose slightly compared with the prior year. Though inventory increased, it did so by the smallest amount in the region.
$690K MEDIAN SALES PRICE
72
77%
AVG. DAYS ON MARKET
323
2%
$285
2%
MEDIAN PPSF
4,261 SOLD LISTINGS
23%
ACTIVE LISTINGS
MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+
8%
MEDIAN SALES PRICE
MEDIAN PRICE PER SF
2023
2022
YOY% CHANGE
JULINGTON CREEK AREA
$665,262
$665,525
0%
NOCATEE
$765,000
$715,000
PONTE VEDRA BEACH
$1,225,000
SOUTHEAST ST JOHNS COUNTY
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$239
1%
581
-10%
65
7%
$311
4%
523
-20%
59
$1,187,500
3%
$421
3%
457
-4%
66
$665,000
$686,000
-3%
$392
1%
348
-6%
77
ST AUGUSTINE BEACHES/ANASTASIA ISLAND
$642,500
$615,000
4%
$325
9%
96
-31%
67
ST JOHNS
$640,000
$615,000
4%
$248
2%
637
12%
101
SOUTHWEST ST JOHNS COUNTY
$589,000
$590,000
0%
$246
1%
43
-27%
80
ST AUGUSTINE/VILANO BEACH
$715,000
$713,960
0%
$330
11%
212
-25%
73
WORLD GOLF VILLAGE AREA/PALENCIA
$616,280
$619,495
-1%
$233
-1%
510
7%
66
2023
ALL RESIDENTIAL
Clay County
$595K
SALES SLOW
2%
MEDIAN SALES PRICE
MEDIAN PPSF
428
29
17%
SOLD LISTINGS
Sales activity decreased by 17% in 2023. This was the most significant decline in the northeast region.
$212 ACTIVE LISTINGS
MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+
NEIGHBORHOOD SNAPSHOTS
MEDIAN SALES PRICE
MEDIAN PRICE PER SF
2023
2022
YOY% CHANGE
FLEMING ISLAND
$610,000
$605,000
1%
GREEN COVE SPRINGS
$607,343
$621,000
MIDDLEBURG/ KEYSTONE
$599,004
ORANGE PARK OAKLEAF PLANTATION
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$218
4%
124
-41%
48
-2%
$223
-3%
78
39%
53
$610,927
-2%
$220
2%
97
9%
64
$597,500
$600,000
0%
$192
5%
32
14%
82
$549,700
$610,000
-10%
$173
-2%
55
-27%
48
2023
61%
4%
57
AVG. DAYS ON MARKET
45%
NEIGHBORHOOD SNAPSHOTS
ALL-RESIDENTIAL
Duval County PRICES INCREASE The median price increased by 3% in 2023. Sales of homes in the $1 million to $3 million range increased by 11%.
$680K MEDIAN SALES PRICE
62
58%
AVG. DAYS ON MARKET
157
3%
$286 SOLD LISTINGS
39%
ACTIVE LISTINGS
MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+
9%
MEDIAN PRICE PER SF
2023
2022
YOY% CHANGE
ARLINGTON/FORT CAROLINE
$605,000
$614,000
-1%
AVONDALE/RIVERSIDE/ ORTEGA
$662,500
$632,500
BARTRAM
$565,000
BEACHES
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
$213
-4%
83
12%
68
5%
$304
4%
160
-14%
61
$542,500
4%
$196
2%
37
-16%
36
$769,750
$790,500
-3%
$437
5%
524
-4%
55
BEAUCLERC/ MANDARIN
$600,000
$592,500
1%
$222
0%
212
-20%
71
DOWNTOWN JACKSONVILLE
$537,000
$591,000
-9%
$237
0%
17
89%
77
INTRACOASTAL
$731,076
$681,822
7%
$284
5%
748
-4%
65
NOCATEE (DUVAL)
$526,409
$531,397
-1%
$226
0%
21
5%
80
NORTH JACKSONVILLE
$604,500
$600,000
1%
$222
6%
82
-24%
81
SAN MARCO/SAN JOSE
$744,495
$750,000
-1%
$304
10%
118
-9%
58
SOUTHSIDE
$627,500
$585,000
7%
$231
0%
138
-18%
59
WEST JACKSONVILLE
$559,900
$575,000
-3%
$213
-8%
37
-18%
68
5%
MEDIAN PPSF
2,287
MEDIAN SALES PRICE
2023
ALL RESIDENTIAL
Nassau County
$719K
3%
MEDIAN SALES PRICE
FEWER SALES BUT HIGHER PRICES
1,348
The median price increased by 3% in 2023, even as closed sales fell by 4%.
SOLD LISTINGS
$334 133
4%
ACTIVE LISTINGS
NEIGHBORHOOD SNAPSHOTS
2023
MEDIAN PRICE PER SF
2022
YOY% CHANGE
2023
CLOSED TRANSACTIONS
DAYS ON MARKET
YOY% CHANGE
2023
YOY% CHANGE
2023
NASSAU COUNTY
$719,375
$699,900
3%
$334
12%
1,348
-4%
67
AMELIA ISLAND/ FERNANDINA BEACH
$750,000
$720,000
4%
$365
8%
725
-12%
63
YULEE/WILDLIGHT
$620,000
$630,000
-2%
$244
-7%
46
-2%
95
67
AVG. DAYS ON MARKET
MEDIAN PPSF
MARKET DATA FOR RESIDENTIAL PROPERTIES, $500,000+
MEDIAN SALES PRICE
12%
64%
64%