Palm Beach Luxury Condo Prices Plunge 12% In Summer Buying Season

A review of the Palm Beach County luxury condo sales statistics shows the average price per unit fell to $2.2 million in the 2024 Summer Buying Season.

The average luxury condo traded for about $984 per square foot during the 2024 Palm Beach County Summer Buying Season. (Photo courtesy of Google Maps)

Palm Beach County luxury condo prices plunged by about 12 percent – or nearly $300,000 each – this Summer Buying Season to about $2.2 million per unit, according to an analysis of statistics compiled by CondoVulturesRealty.com.

As for Palm Beach County luxury unit sales, the drop in the average price per unit failed to boost transactions, which dropped by eight percent during the 2024 Summer Buying Season.

The Summer Buying Season traditionally extends from May through October when visitors and locals, alike, flee South Florida to avoid the humidity, hurricane warnings and limited number of events.

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This information is provided for general informational purposes only, based on research, personal experience and interviews. It should not be considered legal advice, as we are not attorneys. While believed to be accurate and complete, this information is provided “as is” without warranty or guarantee of any kind.

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