Upcoming Events and Rising Trends in the Palm Beach Area

Let’s delve into what to expect in the Palm Beach area this year, from enticing events to the real estate scene. 

Annually, the Palm Beach area attracts substantial audiences, drawing both locals and tourists with two highly anticipated events: Palm Beach Polo Season and the Delray Beach Open. The Palm Beach Polo Season runs annually from January to April, offering thrilling polo competitions. And the Delray Beach Open, from February 9th to the 18th, brings together tennis players and enthusiasts for intense matches. 

As the year continues, the Palm Beach area will host the Palm Beach International Boat Show in March, the artistic Delray Affair in April, and SunFest, a massive waterfront music festival, in May. Cultural experiences, sports, music, and the arts consistently take center stage in various Palm Beach area events.

Worth Avenue stands out as one of Palm Beach’s most favored destinations. It offers numerous shops and restaurants, including Findlay Galleries and Cafe Flora, surrounded by palm trees and Mediterranean architecture.  

The appeal of Palm Beach extends to The Royal Poinciana Plaza, featuring upscale shops, restaurants, and events. This area is perfect for enjoying a drink, relishing the fresh air, and admiring the surrounding lush courtyards.   

According to Redfin, as of December 2023, the median home sale price in the city of Palm Beach is a cool $3,550,000. Despite the market’s going rate, the current local real estate scene is not highly competitive. Redfin data shows homes remaining on the market for an average of 60 days before being sold. 

Even the hottest properties tend to sell slightly below the initial asking rate. All things considered, Palm Beach’s real estate market is unlikely to see any major changes in the near future.