Palm Beach Luxury Market Reports

Gulf Stream carries 3.0 months of supply. West Palm Beach carries 12.9. Months of supply decides who can afford to wait in every Palm Beach County negotiation, and this report maps it by price range and town.

Twelve resales since 2022, a price floor that held at $2,786 per square foot, and $134.3 million of asking prices led by the largest penthouse offering in the building's history. The Bristol's report card, from the MLS record.

Luxury homes in Palm Beach County sell at 93 percent of list price, according to the most quoted statistic in the market. Measured against each seller's original asking price, the real figure is 90.7, and for the two fifths of sellers who reduced, it is under 84. A year of closings on the number everyone misreads.

Zero listings expired, withdrawn, or canceled in eight years of sales. Twelve resales since 2022 closed a median 15.5 percent below their original asking prices, and the slowest sale took 499 days and closed 39 percent below where it began. What seller patience actually costs at West Palm Beach's benchmark tower.

The island recorded 685 closings at $739 per square foot in 2021 and 287 at $1,455 in 2025. Sales fell by more than half, prices nearly doubled, and the 2026 data shows sales climbing again with prices holding.

Of 1,204 luxury closings in the last twelve months, 55 percent found their buyer by week twelve, and the sellers who waited longer gave up about 12 points of the original asking price. This study draws the full survival curve from a year of Palm Beach County closed sales.

July closed 122 sales at $3M and above for $865.7M in volume. Homes went under contract faster than in June despite the summer lull, and a $33.8M Bears Club estate led the month.

Sixty percent of the county's luxury sellers never touch the asking price and close in 34 median days. The rest reduce, wait 150 days, and still concede the same discount in negotiation. Twelve months of closings show what a price reduction actually buys.

Eight homes closed in Gulf Stream for a combined $57.3M, more than double the volume of Q2 2025, led by two Polo Cove sales above $11 million, with the typical sale under contract in under six weeks. For the smallest luxury market in the county, it was one of the busiest quarters in years.

Ten closings against five a year earlier, six of them condominiums led by the boutique towers, with Pine Point's $6.5M on top and a same-day harbor sale beneath it. The county's value oceanfront has started to reprice.

Across 3,765 closings over five years, 36 percent of the county's luxury sales closed between April and June, and the peak month doubles the October trough, through a frenzy, a rate shock, and a repricing. This study measures the pattern and shows both sides how to plan around it.

Boca Raton set the five-year volume record: 113 closings for $691.3M, up 36 percent, with 9 sales above $10M and the county's biggest sale, $75M in Royal Palm, on top of a quarter that did not need it. Depth, rather than one trophy sale, carried the quarter.