Page 21 - IPRE Luxury Report

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
SINGLE FAMILY HOMES
Number of Sales
Average Sales Price
Median Sales Price
Average Square Footage
Price Per Square Foot
Average DOM
Sales Sold at Original List Price
Top Sale Price
Total Sale Volume
2022 Q3
5
$10,334,950
$8,375,000
3,200
$3,214
48
0
$16,000,000
$51,674,750
2023 Q2
9
$9,936,111
$9,000,000
3,059
$3,130
126
0
$23,000,000
$89,425,000
2023 Q3
2
$29,387,500
$29,387,500
5,270
$4,776
60
0
$50,000,000
$58,775,000
2023 Q3
12
$3,329,442
$2,775,000
2,087
$1,696
69
0
$8,950,000
$39,953,300
% CHANGE (YEAR)
▼60.0%
▲184.4%
▲250.9%
▲64.7%
▲48.6%
▲26.1%
-
▲212.5%
▲13.7%
% CHANGE (YEAR)
▼29.4%
▲4.3%
▲8.8%
▲11.1%
▲3.5%
▲117.1%
▼100.0%
▲19.3%
▼26.4%
% CHANGE (QUARTER)
▼77.8%
▲195.8%
▲226.5%
▲72.3%
▲52.6%
▼52.5%
-
▲117.4%
▼34.3%
% CHANGE (QUARTER)
▲0.0%
▲4.4%
▼7.1%
▲18.2%
▼10.5%
▲2.0%
▼100.0%
▲20.9%
▲4.4%
Condos & Townhomes
CONDOS/TOWNHOMES
Number of Sales
Average Sales Price
Median Sales Price
Average Square Footage
Price Per Square Foot
Average Days on Market
Sales Sold at Original List Price
Top Sale Price
Total Sale Volume
2022 Q3
17
$3,192,964
$2,550,000
1,878
$1,638
32
3
$7,500,000
$54,280,388
2023 Q2
12
$3,187,708
$2,987,500
1,765
$1,895
67
1
$7,400,000
$38,252,500
TOP RESIDENTIAL SALE $50M
940 N LAKE WAY, PALM BEACH, FL 33480
ILLUSTRATED PROPERTIES | IPRE.COM