Page 31 - IPRE Luxury Report

TREASURE COAST
SERENITY IN PARADISE
The Treasure Coast was a partial outlier for the second straight quarter, as the region recorded year-over-year gains in multiple categories. Its 86 luxury single-family sales kept pace with the second quarter of
2022 and first quarter of 2023, while the region’s 53 high-end condo transactions matched the previous year’s output and marks a 55.9% jump from the first quarter. Year-over-year increases were posted in average sales price for both $1 million-and-up single-family homes and condos, median sales price for luxury condos, average price per square foot for high-end single-family homes and total sale volume for both sectors. Stuart again set the pace for the region, with an 18.2% climb in year-over-year luxury single-family sales and 34.8% jump in high-end condo transactions. Its average price per square foot rose in both sectors (2.8% year-over- year for single-family, 7.9% for condos).
Single Family Homes
SINGLE FAMILY HOMES
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
68
$2,585,235
$1,932,500
3,854
$663
68
13
$10,000,000
$175,796,000
2023 Q2
86
$2,729,400
$1,690,000
3,661
$708
92
11
$18,000,000
$234,728,400
2023 Q3
82
$2,494,903
$1,390,000
3,431
$665
100
6
$22,000,000
$204,582,067
2023 Q3
33
$1,887,188
$1,311,561
2,772
$664
222
7
$7,750,000
$62,277,211
% CHANGE (YEAR)
▲20.6%
▼3.5%
▼28.1%
▼11.0%
▲0.4%
▲46.8%
▼53.8%
▲120.0%
▲16.4%
% CHANGE (YEAR)
▲83.3%
▼7.2%
▼12.6%
▼16.8%
▲3.4%
▲227.2%
▲133.3%
▲55.0%
▲70.1%
% CHANGE (QUARTER)
▼4.7%
▼8.6%
▼17.8%
▼6.3%
▼6.1%
▲8.6%
▼45.5%
▲22.2%
▼12.8%
% CHANGE (QUARTER)
▼38.9%
▼12.2%
▼29.5%
▼15.0%
▼2.7%
▲98.6%
▲75.0%
▲44.9%
▼46.3%
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
18
$2,033,667
$1,500,000
3,330
$642
68
3
$5,000,000
$36,606,000
2023 Q2
54
$2,148,767
$1,859,700
3,261
$682
112
4
$5,350,000
$116,033,415
ILLUSTRATED PROPERTIES | IPRE.COM