Contract activity along Palm Beach County’s coastal markets showed steady underlying strength during the week of January 17 through January 23, 2026, even as the market continues to find its natural rhythm early in the year. A total of 55 contracts were signed during the period, down 23 percent week over week but up a solid 22 percent compared to the same time last year — a reminder that buyer demand remains meaningfully ahead of 2025 levels.

Activity varied across price points, with notable momentum in the upper tiers. Contracts in the $750,000 to $1 million range doubled year over year, while properties priced between $500,000 and $750,000 experienced the sharpest pullback, down 31 percent annually. For the fourth consecutive week, the $1 million to $5 million segment produced 19 transactions, reinforcing its role as the most consistent and reliable driver of the coastal luxury market.

While single-family homes continue to anchor buyer interest, attached residences contributed to overall volume, particularly in West Palm Beach and north through Singer Island and Jupiter. This segment remains selective, with buyers gravitating toward newer, well-located offerings rather than broad-based inventory.

At the very top of the market, luxury demand remains unmistakable. The highest-priced contract of the week was South Flagler House Penthouse 2601 in West Palm Beach, asking $39.5 million. The four-bedroom residence is part of a new Robert A.M. Stern–designed development offering sweeping ocean and Intracoastal views, underscoring the continued appetite for best-in-class properties.

Zooming out, the broader luxury narrative in South Florida remains overwhelmingly positive.

In 2025, the region recorded 361 closed sales above $10 million — the second-strongest year on record, trailing only the historic peak of 2021. Ongoing wealth migration, favorable tax structures, and South Florida’s growing role as a global business and lifestyle destination continue to draw high-net-worth buyers from across the U.S. and abroad, providing a powerful foundation for long-term market stability.

This week’s featured property captures everything buyers seek in coastal single-family living. Located in the beach block of Ocean Ridge, 110 Dolphin Road is a three-bedroom, three-story home just steps from the sand along Old Ocean Boulevard. With an observation deck and sun tower, exceptional landscaping, and a true sense of privacy, the home offers the best of South Florida’s indoor-outdoor lifestyle. Priced at $2.695 million, it represents a rare opportunity in one of the area’s most desirable beachside neighborhoods.