Delray Beach luxury homes are on fire.
Regular readers know I write a quarterly update on our local luxury market. This spring it’s so strong I’m working on a video version where I’ll expand on today’s ideas.
If you want to follow along with my recent updates, click here, here and here.
Delray Beach Luxury Homes Data:
* Active Listings – Last quarter supply was up double digits. In Q1, supply fell the same amount. Down from 320 homes to 276.
* Listing prices continue to soar. Look at the chart above. One year ago the median list price was $1.175M. Today its $1.675M – a 42% rise.
* This one is important: Sold-to-List Ratio. One year ago it was 85. Over the last year it has enjoyed a steady rise to 93.5 today. Sellers love this. Now a $1M listing is selling for about $935k – an huge improvement.
Looking at these three categories you’d think sellers with Delray Beach luxury homes rule the market. Well, the pendulum is swinging in their favor.
More data:
* Sold homes YTD are up from 137 to 171 – a 25% jump
* Pending listings are up from 155 to 194 – up 25%
* Active listings are down from 584 to 551
* New listings are down 299 to 249
Again, sellers are smiling.
And as I reported in January, the ultra luxury market has never been so strong and has no signs of slowing.
Year-to-date compared to 2025, the number of homes sold over $5 million rose from 13 to 24 sales, an 84% increase.
On an editorial note, I watch agents who sell Delray Beach luxury homes and top luxury brokers in Florida and have never seen so many ultra luxury properties sell in my career. For example, a 3 acre oceanfront dirt lot in Palm Beach last month sold for $105M. Then a $185m home sold. A few at $60M. A dozen or more new listings over $15 million hit the market. One agent sold over $250M in the first quarter. A dozen have already sold more than $100 million THIS year. I could go on, but…
No matter how I look at and analyze our local luxury property market, it’s hot. I wrote about it in last week’s letter. What’s happening with sales of Delray Beach luxury homes and South Florida’s luxury real estate market today is unprecedented.
Here’s more data to support WHY Delray Beach luxury homes and the South Florida market are a hot thing in 2026:
- West Palm Beach ranked No. 1 All-Cash Home Buying Market in the U.S. at 47%
- Palm Beach ranked No. 2 in the world for Top Global Markets for Five-Year growth
- West Palm Beach ranked No. 2 America’s Fastest-Growing Millionaire Hub
And to repeat what I wrote last week, “Over the past several years, the region has become home to an estimated 20,000 financial‑services firms employing more than 250,000 people, and since 2020, well over 1 trillion dollars in assets under management has relocated to Florida.
West Palm Beach, in particular, has become the epicenter of what many in the industry now call “Wall Street South.”
What real estate sector will benefit from this activity? Delray Beach Luxury Homes.
One day we’ll look back at 2026 knowing we experienced a once-in-a-lifetime moment.
And I’m happy to share it with you every week as the story unfolds.
(Main Photo Above: Stunning Delray Beach luxury homes on the island side)
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*** Know anyone who may need to sell, or seeking help to buy? Your referral means the world to me…
*** Delray Beach Municipal Beach Earns Blue Flag Designation for their 4th Consecutive Year (we live in a great community).
*** Cast your vote today if you think Delray’s BEACH is the best in Florida. Delray won the last two years in a row! You can vote every 24 hours. Let’s “3-Peat!”
*** How about a sauna to enjoy? This downtown Delray condo is full of Delray lifestyle amenities: 94/100 Walkability Score, 110 restaurants, live entertainment, veggies a block away, farmers market and fun everywhere
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*** 1st Week South Florida Inventory is BELOW 2019 ***
Last week’s supply was 54,811
Today’s supply is 53,841
*** Supply is DOWN 39 of the last 53 weeks ***
