"This is a whole reset of the market," said Jonathan Miller, CEO of Miller Samuel, the appraisal firm. "We're now seeing $50 million transactions on almost a weekly basis. That's a big change. And it appears to be sustainable." Prices in Palm Beach are now almost on par with Manhattan, with the price-per-square-foot in Palm Beach topping $1,500 in the quarter, close to Manhattan's $1,545, according to Miller. Even with record-high prices, buyers are paying up. The number of sales of single-family homes in the second quarter jumped 90% over last year — when buying in Palm Beach and Florida was already picking up due to Covid migration.