October 2024
Highland Beach Market Stats
Highland Beach, a charming coastal town in South Florida, continues to display distinct trends in its real estate market. The October 2024 data highlights notable differences between the single-family home market, with minimal activity, and the more active townhouse/condo segment. Let’s explore the numbers.
Highland Beach Single Family Home
The single-family home market saw very limited activity during October 2024:
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Closed Sales: 0 sales.
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Median Sales Price: No data available, reflecting no sales for the month.
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Active Inventory: 7 listings, a 46% drop from last year.
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Months Supply of Inventory: 9.3 months, down from 39 months a year ago.
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New Listings: Just 1, down 75%.
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New Pending Sales: 0, unchanged from last year.
Highland Beach – Townhouses and Condos
The townhouse/condo market offered more insights, with dynamic trends that reflect both growth and adjustment:
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Closed Sales: 10, down 29% year-over-year.
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Median Sales Price: $957,500, up 20%, underscoring strong demand for luxury units.
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Active Inventory: 120 listings, up 45%, creating more options for buyers.
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Months Supply of Inventory: 11.1 months, up from 7.1 months, signaling a shifting market.
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New Listings: 28, a 9.7% decrease.
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New Pending Sales: 10, up 43%, showing renewed buyer interest.
October’s data underscores the contrasting dynamics between Highland Beach’s single-family home and townhouse/condo markets. While single-family homes remain nearly dormant, the townhouse/condo market exhibits activity and resilience. Buyers and sellers navigating this market should consider these evolving trends as they plan their next steps.
