Posts in category 'News'
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- 2025 | 7 Posts
5
Q3 2025 Luxury Report: South Florida Prices Rise in High-End Market
The wait continued for any buyer expecting an actionable drop in pricing during the second quarter of 2025, according to Illustrated Properties' latest Luxury Market Report. Both the region's high-end single-family and condominium sectors experienced year-over-year pricing increases, with Palm Beach County leading the way.
Across Miami-Dade, Broward, Palm Beach counties, the Treasure Coast and Southwest Florida, the average luxury single-family sales price rose 9.3% year-over-year to $2.91 million in the second quarter of 2025, while the average high-end condominium price increased 4.8% to $2.54 million.
Palm Beach County led the tri-county area's growth, with a 10.6% increase in the average single-family sales price to $3.23 million, and a 13.2% increase in the average luxury condo sales price to $2.7 million. Southwest Florida was t...
