Market Report | Q3 2024

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An exclusive offering of 14 residences, the townhomes feature an open concept floor plan averaging 3,200 sq. ft. of interior living space, with four bedrooms. Each residence includes a private elevator and a two-car garage, blending comfort and functionality.

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MIAMI-DADE COUNTY

BROWARD COUNTY

PALM BEACH COUNTY

MARTIN COUNTY

INDIAN RIVER COUNTY

BREVARD COUNTY FLAGLER 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.

Average Sales Price | Condominiums

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$0 $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.

Pier Sixty-Six Residences is nestled on 32-acres of direct waterfront, and offers an exclusive collection of marina residences, complemented by a worldclass resort, state of the art amenities, and a celebrated superyacht marina.

Miami-Dade County

LUXURY HOME SALES ON THE RISE

Sales of homes priced above $10 million surged by almost 50% in the third quarter compared to the same quarter last year.

Miami-Dade County

PRICES HOLD STEADY DESPITE SALES DROP

Condominium sales decreased by 11% in the third quarter yet the median price was relatively stable.

Broward County

HOMES SELLING FASTER

The average time to sell a single family home decreased from a year ago, the only county where this was the case. The median price increased by 4% from last year.

Broward County

PRICING INCREASES DESPITE SUPPLY GROWTH

The number of for-sale units increased by roughly one-third from last year and listings spent more time on the market. Yet, the median price increased by 8% year-over-year, the highest annual price appreciation in the region.

Palm Beach County

LUXURY HOME SALES INCREASE

Sales of homes priced above $5 million in Palm Beach County increased by 42%.

More than 10% of total sales were in this price range.

Palm Beach County

SALES RISE, PRICES FALL

While sales increased by 12%, the median price fell by 14% from last year.

Martin County

LOWER PRICES DRIVE SALES

The median price fell by 8% from last year. The fall in prices helped to prevent a greater drop in sales.

NEIGHBORHOOD SNAPSHOTS

SINGLE-FAMILY HOMES

Martin County

INVENTORY SURGES

Inventory doubled from a year ago, but the increased supply did not add much downward pressure on pricing.

NEIGHBORHOOD SNAPSHOTS

Indian River County

SALES INCREASE

Sales volume increased by 13% from the same quarter of last year. While the average days on market changed little, homes take the longest to sell compared to the surrounding region.

NEIGHBORHOOD SNAPSHOTS

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

SINGLE-FAMILY

Indian River County

Total sales decreased by 38% year-over-year, the largest decrease in the region.

NEIGHBORHOOD SNAPSHOTS

Brevard County

BREVARD OUTPERFORMS REGION

Total sales increased by 11% compared with the third quarter of last year. The average number of days on market was the lowest in the region.

Brevard County

SALES FALL BUT PRICING CONTINUES TO RISE

In the third quarter, sales volume decreased by more than 20% from a year ago. The median condo price increased by 7%.

SATELLITE BEACH & INDIAN

BEACH

Flagler County

MEDIAN PRICE INCREASES

Median price increased by 4% year-over-year in the third quarter of 2024. At the same time, sales increased by 2%.

NEIGHBORHOOD SNAPSHOTS

St. Johns County

SALES RISE WHILE PRICES STABILIZE

Sales volume increased by 4% year-over-year while the median price remained nearly unchanged.

Clay County

PRICING MOVES HIGHER

The median price increased by 4% compared with a year ago though sales volume slowed.

NEIGHBORHOOD SNAPSHOTS

Duval County

SALES DECREASE, PRICING FLAT

Total sales decreased by 2% year-over-year in Duval County in the third quarter. The median price changed little from last year.

Nassau County

TIME ON MARKET IMPROVES

The average days on market decreased by 17% year-over-year while inventory fell by 40%.

NEIGHBORHOOD SNAPSHOTS

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