Luxury home sales have ended since Donald Trump’s reelection, and Palm Beach, Florida, is home to his Marlago resort and is at the heart of the boom, reporting on Thursday.
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Since Donald Trump’s reelection, luxury home sales have ended, and Palm Beach County, Florida (home to his Mar Lago Resort) is at the heart of the boom, Mansion Global reported Thursday.
And so far, the gorgeous boom has shown no signs of slowing down, at least in Palm Beach County.
Data from Douglas Elliman’s new signed contract agreement market report shows that single-family homes are on sale for prices of more than $5 million in January compared to the previous year.
Prices also rose sharply from assets worth over $10 million, up from three in January 2024 to 13 this year. In November and December alone, there were more than $10 million in transactions, surpassing the six triples recorded in the same period last year.
Parm Beach has been at the heart of this gorgeous boom, winning $419 million in closed sales since November, plus another $213 million pending deal.
“We’ve definitely seen a big clash since the election,” Brandt said, as Mansion Global reported. “We’ve expanded our buyer pool significantly as some international buyers are now aiming at Palm Beach.”
Mar-a-lago | 2.0/CC Christine Davis by Wikimedia Commons
Notable deals near Trump’s resort include the purchase of Fox News host Sean Hannity’s $14.9 million townhouse and the sale of an unfinished spec home for $19.5 million in January.
However, the sales boom did not expand beyond Palm Beach. Miami-Dade County, Florida and Broward County, Florida saw contract signings of more than 45% of detached homes compared to January 2024. .
“Newly signed contracts for single-family homes and condominiums have declined after the first year of experiences of annual growth the previous month,” the report said on Miami-Dade, which was even longer in Broward County. I did.
Condo sales were also hit in both counties, down 36.9% in Miami-Dade and 45.7% in Broward. Meanwhile, Palm Beach County was the exception, with condo sales rising 11%.
Beyond the gorgeous sales boom, Trump’s reelection has brought a wave of change to the housing market. His administration has pushed policies such as tariffs on Canadian and Mexican goods and a freezing of federal funds, which could drive the market trajectory forward.
Email Richelle Hammiel
