P
alm Beach luxury home sales are surging after Trump's election win, with residents drawn to the glamour of Mar-A-Lago. Love him or hate him, Trump's return to power has had a ripple effect on real estate in Palm Beach, where homes are selling at record pace. According to Douglas Elliman, 11 high-end homes sold in November for a total of $299.8 million, a 176% increase over the same period last year. The sales figures are even more impressive when compared to previous years, with three homes selling for a combined $33.3 million in the $5 million and up range.

    The New York Post reported that homes in the area are going into contract at full asking price, faster than Trump's election night victory. An 8,900-square-foot waterfront penthouse sold for its full $33.5 million ask, despite being an unfinished "gray box." Even multimillion-dollar estates are selling quickly, with some owners choosing to renovate and flip rather than demolish and rebuild.

    "We're seeing renewed attention in Palm Beach, tied to Donald Trump's election victory," said John Reynolds, director of sales at Forté on Flagler. "This has brought energy to the market, along with greater certainty around long-term capital gains and a sense of stability." The surge in luxury home sales is likely to continue, as buyers are drawn to the prestige and glamour of Palm Beach's high-end real estate market.