Marketwatch: South Florida

It looks like the region is poised for another remarkable year in 2025

South Florida’s real estate market continues to captivate buyers, investors, and industry insiders alike, cementing its reputation as a hub for luxury living and dynamic growth. From the bustling shores of Miami to the tranquil elegance of Palm Beach, the region has experienced significant shifts in buyer behavior, pricing trends, and inventory levels. 

In this featured Q&A, we spoke with top real estate professionals Christian Angle of Christian Angle Real Estate, Cameron Sydenham of Corcoran, Elizabeth DeWoody and Nancy Batchelor of Compass, and Margit Brandt of Premier Estate Properties to explore the latest trends shaping South Florida’s property landscape.

What’s driving the demand? Who is moving into the area? And what are the emerging hot spots poised for significant growth in 2025? Through their expert insights, we delve into the challenges and opportunities defining this coveted market, offering readers an in-depth perspective on navigating South Florida’s ever-evolving real estate scene.

How do you envision the South Florida luxury real estate market evolving in 2025?

Christian Angle: I’m very excited looking into our market in 2025. With the election finally behind us, I think we will have a phenomenal season ahead. As always, Palm Beach remains the place to be!

Cameron Sydenham: We have had a challenging year in 2024 with some unique headwinds, the covid cool off, the NAR lawsuit settlement and the election. Now that all these are behind us, I believe we have some great tailwinds. Now is the best time to pick up the value opportunities as they will be the first to go. 

Elizabeth DeWoody: The South Florida luxury market is poised for another remarkable year in 2025. The continuous inflow of capital into the region — be it through major corporate relocations, private equity investments, or infrastructure improvements — will further bolster property values. South Florida has established itself as a premier destination for both living and working, thanks to its business-friendly environment, favorable tax policies, and vibrant lifestyle. Additionally, the region’s commitment to creating a high-quality, livable environment — through projects like expanded medical facilities, private schools, and world-class cultural amenities — will only enhance its appeal to discerning buyers.

Margit Brandt: The South Florida market will very much move in tandem with corporate relocation and capital investment into the area. The cultural trends are already shifting in our direction, and those tailwinds have been there for some time, so now the question will be which companies and how many decide to open up large offices in West Palm Beach, and can we continue to expand infrastructure like recreation, schools, new housing, offices, etc to accommodate the rising demand. If we can give companies and universities like Vanderbilt the right offerings and then meet that moment with the right amenities for all the people that come with it, we are positioned very positively to add to the gains we’ve experienced since 2020. 

Are there any local factors, specific events or developments in South Florida impacting the luxury market?

Nancy Batchelor: Key factors impacting South Florida’s luxury market include major corporate relocations, like Citadel moving to Miami, driving demand for high-end homes. The rise of branded residences, such as Aston Martin Residences, attracts affluent buyers with exclusive amenities. Additionally, developments like Brightline’s expanded high-speed rail service enhance connectivity, boosting the appeal of luxury markets across the region.

Christian Angle: It’s an exciting time in Palm Beach. The president-elect resides here and, politics aside, that’s always going to put a town on the map. Palm Beach has had a spotlight put on it and I think it’s great that people get to see what a beautiful community we have here. 

Which locations within South Florida’s luxury market are currently seeing the strongest demand and growth?

Elizabeth DeWoody: The Island of Palm Beach remains a perennial favorite, offering an unparalleled blend of historic charm, luxury living, and exclusivity. Properties here rarely stay on the market long, and new listings are often snapped up by those seeking to make Palm Beach their primary or seasonal residence. Downtown West Palm Beach has become a thriving hub for those who want proximity to urban conveniences while maintaining a sense of sophistication. With luxury condominiums and high-rise residences attracting executives and professionals, this area is experiencing rapid growth. 

Margit Brandt: We are biased, but coastal Palm Beach County (Jupiter, Palm Beach, Manalapan, etc) and the ultra-luxury Miami market (Venetian Islands, Indian Creek, La Gorce, Fisher Island, etc) have been performing well. 

What changes have you seen in the profile of luxury buyers in South Florida?

Nancy Batchelor: The profile of South Florida’s luxury buyers is changing. There’s an influx of wealthy domestic buyers from states like New York and California, attracted by tax benefits and lifestyle. Younger professionals and entrepreneurs are increasingly entering the market, seeking modern amenities and urban convenience. International buyers, particularly from Latin America and Europe, continue to be attracted by South Florida’s strategic location and cultural ties.

What key insights or strategies would you offer to high-net-worth individuals who are considering investing in South Florida real estate?

Cameron Sydenham: South Florida is now on the radar of many global companies. Amazon, SpaceX and other massive companies are opening up major projects, the smart money will always follow the money. Focus on premium areas. Historically, they always perform the best year over year. Utilize the resources of a trusted realtor that might know what areas are now the “Up and Coming”.

Christian Angle: In speaking about Palm Beach Island, there is a limited supply, which has historically made buying property an excellent investment. We also have the benefits of no state income tax, beautiful weather, and a wonderful quality of life.