PALM BEACH TOWNS
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | OCTOBER 2021 Inventory
Sales
Luxury Benchmark Price 1: $1,000,000 $25,000,000+ $22,500,000 - $24,999,999 $20,000,000 - $22,499,999
$17,500,000 - $19,999,999 $15,000,000 - $17,499,999 $13,000,000 - $14,999,999 $11,000,000 - $12,999,999 $9,000,000 - $10,999,999
$5,000,000 - $5,999,999
2
0
0
Total Inventory: 120
2
0
Total Sales: 30 Seller's Market
1
Total Sales Ratio2: 25%
3
0 2
0
3
0
10
0
$7,000,000 - $8,999,999 $6,000,000 - $6,999,999
18
0
12
1 4
0
4
1
$4,000,000 - $4,999,999
6
$3,000,000 - $3,999,999
8 13
4
$2,000,000 - $2,999,999
11
4
$1,000,000 - $1,999,999
1
27
14
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$1,412,500
3
2
10
14
71%
2,000 - 3,499
$2,000,000
4
3
9
36
25%
3,500 - 4,999
$3,075,000
5
6
7
28
25%
5,000 - 6,499
$4,100,000
6
6
4
15
27%
6,500 - 7,999
NA
NA
NA
0
7
0%
8,000+
NA
NA
NA
0
19
0%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.