Coastal Palm Beaches & Barrier Islands Market Report: 3Q 2025
“This quarter was less about the number of deals and more about the power behind them. Palm Beach continues to prove that when quality inventory hits the market, buyers are ready to move – and move big. We saw record-setting ultra-luxury sales and new developments driving unprecedented condo demand in West Palm. Even as some areas caught their breath, prices held strong across the board. That tells you everything about the strength of this market: scarcity, global demand, and a deep appreciation for the Palm Beach lifestyle. From oceanfront estates to skyline views, Palm Beach County continues to set the standard for what luxury real estate looks like.”
– Pamela Liebman, Corcoran’s President & CEO
Palm Beach Highlights
Palm Beach County’s luxury market remains dynamic and deeply segmented.
- The third quarter underscored a market in motion – one defined by resilient pricing, rising ultra-luxury activity, and widening contrasts by region. Even as total sales volume fluctuated, trophy properties continued to command strong premiums, reinforcing Palm Beach County’s status as one of the most desirable luxury markets in the world.
Palm Beach proper continues to set the tone for luxury.
- The Town of Palm Beach saw mixed performance but unmistakable strength at the top end. Single-family transactions eased 23% year-over-year, while high-end condo and co-op closings surged – quadrupling above $5 million and pushing prices to record levels. A standout $86 million waterfront sale cemented the island’s dominance, lifting average single-family pricing 30% and reaffirming its global draw.
Contrasts emerge from north to south.
- From Jupiter Island, where constrained luxury inventory limited sales, to Singer Island, the market reflected scarcity at the top. Meanwhile, West Palm Beach and Lake Worth Beach moved in the opposite direction—propelled by new developments like Forté on Flagler and record-breaking closings that redefined the area’s skyline. These distinct dynamics underscore how development cycles and limited inventory continue to shape the county’s luxury landscape.
The ultra-luxury tier remains the anchor.
- Across enclaves like Hypoluxo Island, Highland Beach, and Delray Beach, fewer transactions didn’t translate to weakness. Instead, top-tier sales continued to set new pricing benchmarks, with $20M-plus deals and rising medians keeping the market competitive — even amid expanding inventory. The result: a market evolving, but still defined by scarcity, prestige, and enduring demand.
