“

To illustrate just how hot our local luxury market is, this fall we secured a luxury listing and it went under contract before even hitting the market. Unfortunately at the start of the year, this particular contract fell apart. So we relisted the home and by the end of the day, we were in contract again and this time, the sale closed in twenty days. The demand has been seemingly without limit.”

Natalie Bryant

FLORIDA

SALES 4-YEAR SNAPSHOT Sales Total Sales Volume

YoY % Δ N/A N/A

2020 0 $0

YoY % Δ N/A N/A

$10M+ Sales, 2022 2021 1 $10.01M

YoY % Δ 300.00% 365.93%

4 Source: FlexMLS for the NEFAR. Based on residential property sales, 01/01/19-12/31/19 & 01/01/20-12/31/20 & 01/01/21-12/31/21 & 01/01/22-12/31/22. Compass did not represent a transaction over $10M on the buy-side or the list-side in this region.

Total $10M+ Sales Volume, 2022 2019 0 $0

2022 4 $46.62M

$18.25M

Highest Listing-represented

Compass Regional Sale, 2022

Represented by Jonathan Spears

Highest Buyer-represented

Compass Regional Sale 2022

$48.5M

Highest Listing-represented

Compass Regional Sale, 2022

$22.5M

Highest Buyer-represented

Compass Regional Sale 2022

Represented by Tom Hughes & Jeremy Browne

“ “

There is a ‘new normal’ in Palm Beach. More residents are living here full-time as the demographic is younger, families are moving their children to local schools and moving their businesses to downtown West Palm Beach, recently dubbed ‘the Wall Street of the South.’ Palm Beach Island saw over $1.8 billion total singlefamily home sales in 2022, up 211% from 2019 (pre-pandemic) with a median sales price of $13 million, more than double the $5 million of 2019.*”