Highland Beach, FL 33487 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. Median sold price of $890,500 should be treated as the primary indicator of market value and recent transaction activity; this level, combined with a median listing price of $1,000,000, suggests a meaningful gap between asking and achieved prices and may indicate seller concession pressure or negotiated discounts in many transactions (price gap).
2. The market is operating with slower sales velocity as evidenced by a median days on market of 185, which appears consistent with the broader characterization of a cold market and suggests longer listing durations before contract ratification.
3. Pricing density remains high at a median price per square foot of $410, while rental expectations are steady with a median market rent of $3,581 and rent year-over-year trend described as flat, indicating limited upside from near-term rental growth.
4. Macro and financing pressure are material: the market temperature is reported as cold and interest rate pressure is described as elevated; current market rates of 6.91% (compared with a 4.3% average held by many existing owners) may further constrain buyer capacity and prolong time to sale.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.