Journal · Miami Luxury Condos Blog
West Palm Beach luxury home sales rose 43.9% year on year.
By Josh Stein · Florida license SL3057661 · Updated 25 September 2026
By Josh Stein — Miami real estate sales associate, Florida license SL3057661. Selling Miami luxury property since 2002, with more than $1 billion closed.
Key Takeaways
- West Palm Beach luxury home sales rose 43.9% year on year, which Redfin called “the biggest increase in the U.S.,” per Redfin’s report of 3 September 2026, covering May to July 2026.
- Pending luxury sales in West Palm Beach rose 20.1%, and the median luxury sale price was $4,522,818, up 7.5%, per the same report.
- Miami’s luxury market moved on price, not volume: luxury prices up 18%, luxury sales up 8.8%, median luxury sale price $5,017,755, per Redfin, 3 September 2026.
- Nationally, luxury sales rose 5% and luxury prices 5.3%, per the same report.
What Redfin measured
Redfin defines luxury homes “as those estimated to be in the top 5% of their metro area’s price range,” per its report of 3 September 2026. The figures cover the three months from May to July 2026 against the same months of 2025, and the report says it “is based on a Redfin analysis of MLS data that is subject to revision.”
That definition matters. “Luxury” here is relative to each metro. The top 5% in West Palm Beach and the top 5% in Miami are different price bands, so the growth rates compare how fast each top end is moving, not which one is more expensive.
West Palm Beach: volume
Per Redfin’s report of 3 September 2026, West Palm Beach luxury sales rose 43.9% year on year, pending luxury sales rose 20.1%, and the median luxury sale price was $4,522,818, up 7.5%.
The Real Deal, in a 19 September 2026 post on the same figures, described a city emerging “as a luxury destination in its own right,” with Related Ross and other developers reshaping downtown.
Redfin quoted Jonathan Buch, a Redfin Premier agent in West Palm Beach: “The luxury market here is insulated; high-end properties priced over $1 million are moving fast.”
Miami: price
The same report shows Miami’s top end moving differently. Per Redfin, 3 September 2026, Miami luxury prices rose 18% year on year and luxury sales 8.8%, with a median luxury sale price of $5,017,755. Tampa luxury prices rose 15.4%, per the same report.
So in May to July 2026, West Palm Beach added buyers faster, and Miami added price faster. Miami’s median luxury sale was about $495,000 above West Palm Beach’s.
What that means if you are choosing between them
- Fast volume growth is not the same as resale performance. Redfin measures sales in a three-month window. What an owner gets back years later is a different question, and for Miami-Dade buildings the county record answers it. JSR’s Miami Resale Record has 42,359 recorded resales across 234 buildings.
- Much of West Palm Beach’s new supply is still being built. JSR covers the city’s projects on the West Palm Beach neighbourhood page, including Mandarin Oriental Residences, Ritz-Carlton Residences West Palm Beach, South Flagler House and Forte on Flagler.
- For pre-construction in either city, check the delivery history. Promised dates move; JSR tracks how often in the Miami pre-construction delivery tracker.
Record checked 23 September 2026. JSR did not seek comment.
Before you put down a deposit, get the public record
A sales gallery shows the renderings. The record shows the rest — permits, how the promised delivery date has moved, and what the developer has delivered before. For a building that already exists, it also shows what owners got back when they sold. Tell Josh the building and he’ll send it.
How has your building held its value? The Miami Condo Index ranks Miami condo buildings by their county sale records: real price per square foot, turnover and four-year change.