Page 5 - IPRE Luxury Report

SOUTH FLORIDA REGIONAL
MIAMI DADE | BROWARD | PALM BEACH | MARTIN | ST. LUCIE
South Florida is considered the metro area of the state extending from Palm Beach County to Miami-Dade County. The area radiates balmy temperatures and a luxury lifestyle, mixed with Latin and Caribbean cultures. The approximate 100 miles along the coast is home to roughly 5.4 million residents. If you are dreaming of a big-city getaway in Miami, a laid-back fishing trip off the coast of Fort Lauderdale, or an indulgent splurge in the Palm Beaches, you’ll find perfect weather all year-round. South Florida is home to a multitude of restaurants and entertainment options to experience including the historical Worth Avenue, Downtown City Place, Atlantic Avenue, Fort Lauderdale Beach, South Beach, and the Seminole Hard Rock Hotel & Casino.
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
2221
$2,407,030
$1,575,000
3,405
$685
71
310
$34,000,000
$5,346,014,584
2023 Q2
3004
$2,478,446
$1,575,000
3,346
$707
95
338
$68,000,000
$7,445,252,042
2023 Q3
2397
$2,407,127
$1,550,000
3,390
$677
96
257
$57,000,000
$5,769,884,204
2023 Q3
895
$2,254,495
$1,600,000
2,276
$979
136
127
$24,175,000
$2,017,772,851
% CHANGE (YEAR)
▲7.9%
▲0.0%
▼1.6%
▼0.4%
▼1.3%
▲35.5%
▼17.1%
▲67.6%
▲7.9%
% CHANGE (YEAR)
▲0.3%
▲4.2%
▲3.2%
▼1.2%
▲4.1%
▲19.6%
▼7.3%
▲24.0%
▲4.6%
% CHANGE (QUARTER)
▼20.2%
▼2.9%
▼1.6%
▲1.3%
▼4.3%
▲1.5%
▼24.0%
▼16.2%
▼22.5%
% CHANGE (QUARTER)
▼38.6%
▼0.2%
▼4.5%
▼3.4%
▲2.5%
▲8.7%
▼39.8%
▲9.9%
▼38.7%
Condos & Townhomes
CONDOS/TOWNHOMES
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
892
$2,162,853
$1,550,000
2,303
$940
114
137
$19,500,000
$1,929,264,664
2023 Q2
1457
$2,259,401
$1,675,000
2,358
$955
125
211
$22,000,000
$3,291,946,653
TOP 5 STATES FOR INCOMING BUYERS
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