Market Report | Q2 2024

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Meticulously crafted spaces, featuring thoughtful two-to-four bedroom layouts with spacious covered terraces and alfresco kitchens perfect for entertaining family and friends.

Revel in the bespoke details and high end finishes that echo the rich history and lush landscapes of Coral Gables.

Priced From $2.2M

MIAMI-DADE COUNTY

BROWARD COUNTY

PALM BEACH COUNTY

MARTIN COUNTY

INDIAN RIVER COUNTY

BREVARD COUNTY

COUNTY

Florida’s East Coast Snapshot

Market data represents single-family and condominium properties above $1,000,000 for Miami-Dade, Broward and Palm Beach County and above $500,000 for Martin, Indian River, Brevard, Clay, Duval, Nassau, Flagler and St. Johns County.

$3.500.000

$3.000.000

$3.000.000

$2.500.000

$2.000.000

$1.500.000

$1.000.000

$$500.000

Market data represents single-family and condominium properties above $1,000,000 for Miami-Dade, Broward and Palm Beach County and above $500,000 for Martin, Indian River, Brevard, Clay, Duval, Nassau, Flagler and St. Johns County.

Brevard
River
Brevard Indian River Martin Palm Beach Broward Miami-Dade Clay Duval Flagler Nassau

Miami-Dade County

BUYERS RETURN TO THE MARKET

Total sales in Miami-Dade County rose by 12% compared with the same quarter last year. The average time it took to sell a home decreased to approximately 77 days.

Miami-Dade County

HIGHEST MEDIAN CONDO PRICE

The median price of a condominium increased by 8% from the same quarter last year. Miami-Dade remained the highest median price in Southeast Florida.

Intimately sized, graciously appointed, and centrally located directly on the Intracoastal.

Alba Palm Beach is a dramatic step forward for life on the water. Offering only 55 residences, Alba Palm Beach features two-to-four bedrooms with serene, unobstructed waterfront views within South Florida’s most prestigious neighborhood.

Broward County

BUYER DEMAND RISES

Total sales increased by 21% from one year ago, the highest sales increase in the region. The average time it took to sell a home decreased by 15% year-over-year, signaling an increase in buyer activity in the second quarter of 2024. There were 16% more homes sold in the $3 million to $5 million price range compared with last year.

SINGLE-FAMILY

Broward County

CONDOS SIT ON THE MARKET LONGER

The average days on market increased to 91 days in Broward County, a 27% increase from the same quarter last year. Sales were down by 9% year-over-year, while the median price remained unchanged.

Palm Beach County

HIGHER PRICED HOME SALES INCREASE

Total sales increased by 15% in Palm Beach County in the second quarter. Compared with the same time last year, there were 14% more homes sold in the greater than $5 million price tier.

1,877

Palm Beach County

PRICE DECREASES

The median price decreased by 10% compared with last year. At the same time, sales dropped by 3%.

Martin County

SALES AND PRICING IMPROVE

Sales increased by 3% year-over-year in the second quarter, while the median price appreciated by 4%.

NEIGHBORHOOD SNAPSHOTS

SINGLE-FAMILY

Martin County

STRONG PRICE APPRECIATION

The median price of condominiums appreciated by 14% year-over-year, the highest increase in the region.

MARKET DATA FOR CONDOMINIUMS, $500,000+

NEIGHBORHOOD SNAPSHOTS

Indian River County

INVENTORY INCREASES

Total sales were down by 3% from the same quarter last year in Indian River County, while the median price remained unchanged. Inventory increased by 49% from the same quarter of last year.

NEIGHBORHOOD SNAPSHOTS

MARKET DATA FOR SINGLE-FAMILY, HOMES, $500,000+

SINGLE-FAMILY

Indian River County

FEWER SALES, HIGHER PRICES

Total sales decreased by 17% year-over-year, while the median price increased by 7%.

MARKET DATA FOR CONDOMINIUMS, $500,000+

NEIGHBORHOOD SNAPSHOTS

Brevard County

ACTIVE LISTINGS RISE, DEMAND RESILIENT

Homes listed for sale increased by 11% from the first quarter of 2024, the highest increase in active listings in the region. Total sales increased by 7% year-over-year and the median price went up by 1%, indicating resilient demand despite the influx of inventory.

Brevard County

PRICING ON THE WAY UP

The median condo price increased by 8% from one year ago. Brevard County had the second-highest price appreciation in the region. Condominiums selling in the $1 million to $3 million range nearly doubled from last year.

Flagler County

INVENTORY SHRINKS

Although the total transaction volume increased by 5% year-over-year, the average amount of time that a property spent on the market increased to 71 days. Approximately 15% of homes were taken off the market this quarter compared with the prior quarter.

NEIGHBORHOOD SNAPSHOTS

Clay County

INVENTORY INCREASES

The total number of transactions decreased by 5% year-over-year and the average time it took to sell a home in Clay County increased by more than 25%.

NEIGHBORHOOD SNAPSHOTS

Duval County

HOMES SELLING FASTER

The average days on market decreased by 28% in Duval County to approximately 47 days. Not only did homes sell faster but more homes sold than in the same quarter a year ago.

Nassau County

SALES INCREASE, PRICING REMAINS STRONG

Transaction volume increased by 16% year-over-year in Nassau County while the median price appreciated by 3%.

NEIGHBORHOOD SNAPSHOTS

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