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...
By Kitty Finstad, for Forbes Global Properties
Jupiter Island, that slender finger of sand and vegetation that separates the Atlantic from a 10-mile stretch of nature preserves and country clubs just north of Palm Beach, is also home to some of the most expensive property in the U.S.
Homes here routinely fetch eight figures, with celebrities, business leaders and sports figures drawn to its orbit of exclusivity and privacy. This is rarefied real estate on a finite patch of land with limited opportunities for development.

Which is why a plot of undeveloped land that extends westward from the ocean to the intracoastal waterway presented an unusual opportunity for Garrett Harabedian, a director at the design and architectural firm Northworks.
"The clients came to us with a...
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