Palm Beach Luxury Market Reports

Houses built before 1980 closed at $1,824 per square foot over the year through July 2026, the county's highest figure and nearly double the one for houses from the 1980s and 1990s. The land under them carries that price, and a year of closings shows how much of every sale is land and how much is building.

June closed 150 sales at $3M and above for $1,175.3M in volume, even with May, and recorded the county's second close above $70M in two months, a $70.9M Manalapan oceanfront estate.

Fourteen closings for $156.2M against two a year earlier, four above $17M, and a $23.5M oceanfront estate that sold in fifteen days. The most private address in South Florida has never recorded sales at this pace.

The island closed 163 sales in the quarter across its two boards, 60 percent more than a year earlier. Closings at $20M+ rose from 6 to 14, and pricing held within both products. The island added depth without giving up price.

Delray's luxury houses held between $928 and $970 per square foot for four straight years. In 2026 they jumped to $1,088, up 12 percent, on a half billion dollars of sales by late June. Five years of closed sales show where the market now stands.

Jupiter Island closed five sales for sixty-five million dollars in the first quarter of 2026, led by a twenty-nine million dollar sale with zero days on market. The median price per square foot rose 13 percent from a year earlier, and almost nothing spent time on the open market.

Eight of eight county house markets were more expensive in 2025 than in 2021, and the typical market compounded near 5 percent a year through the rate shock. On a five million dollar house, each year of hesitation cost about 250 thousand dollars. This article adds up the cost, market by market, and shows the one kind of patience that pays.

Jupiter and Tequesta sold at close to the same price per square foot for three years. In 2026 through June, Jupiter surged to $1,415 per square foot while Tequesta held near $1,080, and houses still sell faster in the smaller town. This report measures the gap on a matched segment.

Gulf Stream records about 22 sales a year and more than doubled its house prices on that small count, $861 to $1,898 per square foot, in the five years through June 2026. Every record sits on one oceanfront road. Five years of closed sales measure the county's smallest luxury market.

One of every five Palm Beach luxury contracts is signed between July and October, and July buyers pay the year's deepest discount at 89.7 percent of the original asking price. This report measures the quiet months and shows how buyers and sellers should use them.

The quoted median was 74 days. The full time from first listing day to keys ran 128 across a year of luxury closings through June 2026. Three design choices explain the difference: the count starts late, stops early, and resets when a property is relisted.

May closed 157 sales at $3M and above for $1,167.8M, up 38 percent from April, led by a $75M Royal Palm Yacht and Country Club estate, the county's largest recorded sale in at least a year.