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The number of home sales in Palm Beach County dropped last year, but prices are still climbing amid remarkable demand for ultra-luxury real estate.
The county raked in just under 23,000 home sales last year, about 4 percent fewer than the year before, according to a TRD Data analysis of on-market, county residential transactions from Jan. 1, 2025 to Jan. 22, 2026.
However, last year’s on-market deals represent a climb in value compared to the year before.
The county recorded $21.9 billion worth of on-market deals last year, up nearly 8 percent. The average home sale was about $953,000 last year, a jump from $881,000 in 2024.
In South Florida, and markets across the country, buyers began to gain more power in negotiations, even amid record-high prices, and economic uncertainty stalled some deals from crossing the finish line.
But high demand for ultra-luxury properties in South Florida boosted the residential market’s statistics.
The crown for most sales and highest dollar volume went to one Palm Beach County locale last year: Boca Raton, the second-most populous municipality in the county, clocked just over 4,100 on-market deals totaling about $4.8 billion.
Delray Beach placed second, with about $2.7 billion in sales last year across a little more than 2,800 transactions. The city’s priciest sale last year was for an oceanfront spec mansion at 701 South Ocean Boulevard, which changed hands for $59 million. That was also the fourth-most expensive sale in the county.
While Boca Raton led in volume, Manalapan ranked first for having the largest average deal size last year. The ultra-luxury enclave had just two on-market sales, but they averaged $8.1 million. Palm Beach had the second-highest average of about $5.5 million across 359 deals.