A rich South Florida enclave has flourished with home sales in the wake of elections

This South Florida pocket is hot, while the rest of the region is cooling.

New Douglas Elliman data shows that Palm Beach-long is a rich sale of a single family family at home with 63.2% in the first quarter for the same period last year, according to Global Mansion. This activity brought with it an average sale price of $ 13.95 million, which itself marks a 11.6% jump year by year.

Even Palm Beach’s luxury segment without its growth. Determined as 10% of the market, this part without 11 sales in the first quarter, with a modest 22.2% of the nine registered in the same period in 2024. However, the quarter of the quarter, those 11 sales marked a 175% increase out of four in the last quarter of 2024, according to the market report. The average sales pricing at the luxury end also increased every year – reaching $ 23.75 million, an increase of 70.9% from an average of $ 13.9 million.

Such an activity at Palm Beach has been increasing for several months, and especially in the wake of the November elections. Referring by local intermediaries like “Trump Bump”, luxury home sales near Mar-a-lake have increased in number. Even the amount of contract lists between November and December 2024 only increased by more than 400% year by year, with the volume of sales at the time reaching nearly $ 291 million in jaws that reduce 612% annual growth.

Palm Beach is an island of his, Global Notes.

Across intracoastal, West Palm Beach saw the amount of closed sales sales, although the average sale price raised a modest 2.1% to $ 590,000. All the time, the inventory increased, with 32.2% more homes for capture in the first quarter of 2025 above 2024, making 11.5 months supply.

Other hot spots in southern Florida – such as Boca Raton and Fort Lauderdale – also slow sales and lists accumulate, though prices remained elastic, noted global mansion. Not far from them, Miami Beach had its average price to rise 4.3%, although sales slowed by 17.1% and inventory increased by 34.1% in nine months supply.

Experts have previously told a post -market post in Southern Florida, capturing his spirit after his years of high activity of the Pandemic era. Now, increasing insurance levels, assets taxes and building estimates have scared potential buyers away. In recent weeks, other worrying aspects between them have brought.

“They are more aware of the state of the world, the economic situation, the insurance, the real estate taxes and then the mortgage rates, for sure,” Simon Isaacs, CEO and the founder of Simon Isaacs Real Estate, told The Post.