Palm Beach's luxury residential market booms as Miami struggles after Trump's election victory

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Palm Beach's luxury residential market booms as Miami struggles after Trump's election victory
2024 Presidential ElectionDonald TrumpElections
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Call it the “Trump Bump” — in the wake of the election, high-end deals are soaring in Palm Beach and in Palm Beach County, according to Douglas Elliman.

Palm Beach County has experienced a surge in luxury real estate demand following Donald Trump 's second presidential win, with single-family home deals over $5 million tripling in January compared to the previous year. The home marked by the arrow recently sold for big bucks.Since Donald Trump ’s second presidential win in November, the ultra-wealthy have flocked to the exclusive enclave, driving home sales to record levels — while Miami and Broward struggle to keep up.

One of the few surviving Gilded Age mansions designed by a revered NYC architect lists at huge discountBuying a home in one of these hidden gem cities will leave more money in your pocket While Palm Beach thrives, Miami-Dade and Broward counties are feeling the chill. Luxury contracts in Miami-Dade, which once rivaled Palm Beach’s market, have been cut in half, dropping to just 10 in January.

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