2025 Q1 Florida Ultra-luxury Home Market Review
Provided by Florida Real Estate Lawyers
Key Points
- During Q1 2025, the total sales revenues of the Florida real estate market of detached homes priced at $5 million or more were almost $1 billion more than Q1 2024.
- The largest Florida Q1 sale that was advertised in the Multiple Listings Service (MLS) for the residential market segment was made in March and brought $60 million.
- Per MLS listings, Florida’s niche market of ultra-luxury condos priced at $5 million or more generated almost $1 billion in sales during Q1.
The results of this month’s brief reporting echoes the recent Mansion Global (04/10/2025) announcement that the first quarter showed a stable demand for luxury homes and the segment outperformed the broader market. Here, April’s brief records three areas of ultra-luxury real estate activity for single-family homes that demonstrated upward swings in the price point, new listings, and also number of homes sold during the first quarter of 2025 as compared to the first quarter of 2024.
According to the MLS, in the attached home niche most of the top sales of Quarter One were made in March. In first place was a $29 million Surfside sale made in January while the following three just closed last month. Altogether, five Q1 condo sales made Florida’s Top 10 list of the last 12 months, and all took place in Miami-Dade County.
The luxury home market provides valuable indicators shaping the landscape including real estate market values, driving investment and development, and even changes in skylines as affluent home buyers and investors are quick to react to trends in new home construction and the demands of deep-pocked buyers. Here in Florida, our lawyers work shoulder-to-shoulder with discerning clients and some of the state’s leading real estate brokers for an exciting birds-eye view of the dynamic Florida real estate market.