As distinguished global real estate advisors with ONE Sotheby’s International Realty, we are delighted to unveil a detailed market report illuminating the vibrant real estate landscape of South Florida. This sought-after region, renowned for its diverse communities, and upscale lifestyle offerings, has experienced noteworthy shifts in the property market over the past year. This report aims to provide valuable insights into the trends, investment potential, and unique facets defining South Florida’s real estate market.

Palm Beach County
In the luxury category of homes that sold over $2,000,000, in 2022, Palm Beach County witnessed 201 residential, single-family home closings with an average list-to-sale price difference of 10.47%. The average sale price for a single-family home in that year stood at $4,117,179. Moving into 2023, there were 194 closings, and the average list-to-sale price difference improved to 8.08%. The sustained demand for homes in 2023 contributed to an increased average sale price of $4,178,121.
Mark Nestler & John Poletto’s notable sale of 2023 – the lower penthouse double unit at One Thousand Ocean, which took luxury to new heights as the highest condo sale in Boca Raton.

Broward County
In the luxury category of homes that sold over $2,000,000, in the year 2022, Broward County experienced 96 residential, single-family home closings, reflecting an average list-to-sale price difference of 7.65%. The average sale price for a single-family home in that period was $3,401,167. Fast forward to 2023, where 78 closings occurred, with an improved average list-to-sale price difference of 4.36%. The persistent demand for homes in 2023 resulted in an average sale price of $3,290,723.

St. Andrews Country Club
In the luxury category of homes that sold over $2,000,000, in 2022, St. Andrews Country Club recorded 7 closings of residential, single-family homes with an average list-to-sale price difference of 3.06%. The average sale price for a single-family home that year was $4,098,214, and homes spent an average of 71 days on the market. In 2023, there were 8 closings, and the average list-to-sale price difference increased to 8.65%. Due to less new construction available, the average sale price decreased to $3,290,723, and homes spent an average of 41 days on the market.
Mark Nestler & John Poletto have sold over 750+ homes in the history of St. Andrews Country Club.

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