Palm Beach has long attracted global buyers, but recent years have cemented its position as one of the world’s most desirable and enduring luxury markets. Here's why the island continues to outperform—and why confidence among sellers and buyers remains high.
Unmatched Demand, Limited Supply
Palm Beach is just 16 miles long. With preservation laws, limited development, and rising demand from national and international buyers, inventory remains exceptionally tight. This structural scarcity continues to support strong pricing and swift transactions.
Migration of Wealth
Florida’s favorable tax climate, especially the absence of a state income tax, continues to draw affluent individuals from states like New York, California, and Illinois. For many, Palm Beach is not a second home—it is the new primary residence.
Cash Dominates the Market
In Palm Beach, cash buyers prevail. This reduces financing volatility and creates a more stable, resilient market—even when national interest rates fluctuate.
