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2025 Luxury Market Report: South Florida Shifts Into a More Balanced, Intentional Phase
As South Florida's luxury market continues to evolve, what stands out most is not volatility, but direction. We are clearly moving into a more balanced and intentional phase, one where long-term fundamentals are reasserting themselves and informed guidance carries greater weight.
For homeowners, this environment rewards foresight. Pricing strength remains in place across our markets, but buyers are more deliberate and increasingly value alignment between price, quality, and location. Sellers who approach the market with a clear strategy and a willingness to meet today's buyer expectations are best positioned to protect value and achieve favorable outcomes.
Buyers are entering this next phase with confidence. With more choice and less urgency, buyers can focus on properties that deliver lifestyle, quality, and long-term appeal. This creates meaningful opportunities, particu...
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Q4 2025 Luxury Report: High-End Single-Family Transactions Jump Across South Florida
South Florida's luxury market demonstrated a continued return to pre-pandemic equilibrium during the third quarter of 2025, according to The Keyes Company and Illustrated Properties' latest Luxury Market Report. The region's high-end single-family sector enjoyed notable year-over-year gains in $1 million-and-up single-family transactions.
Across Miami-Dade, Broward, Palm Beach, the Treasure Coast, and Southwest Florida, luxury single-family sales jumped 6.2% year-over-year to 3,589 in the third quarter of 2025. Palm Beach County, Southwest Florida and the Treasure Coast drove the region's overall uptick. However, the high-end condominium sector saw a 6.3% year-over-year decline in transactions to 980.
Luxury pricing continued Q2's positive year-over-year trends thanks to consistent buyer demand. The region's average single-family sales price managed a fractional year-over-year increase to $2.35 million, so the overall transaction gain was no...
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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 The Keyes Company's 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 the b...
