Palm Beach Real Estate…Quarterly Market Report (April to June 2017)

July 28, 2017 by · Leave a Comment 

Dear Clients, Colleagues, Friends, and Family:
 
Many of you look forward to analyzing our Palm Beach Quarterly Market Reports…I thought you would like to compare the 2016 Second Quarter Market Report to 2017 Second Quarter Market Report. 
The brief synopsis… All reported Palm Beach area sales and price per square foot this quarter compared to the same quarter in 2016  have risen dramatically. Clearly the North End is HOT!…This year 33 homes sold compared to last year’s 18 sales…Old homes continue to be torn down and replaced with what our Buyers want… New Construction Homes! The clear winner is the resurgence of the desire for In-Town Condominiums…Sales have SOARED! Compare 60 sales this year to last year’s 38 Sales… WOW!  
 
Please contact us if you are looking to Buy, Sell, or Lease in Palm Beach… Specializing in Palm Beach Luxury Real Estate for over 26 years… you can count on us… we are here for you 24/7!  Look for us in the Wall Street Journal Mansion Section, and Avenue Magazine.
With best wishes for fabulous summer…We look forward to hearing from you!
 
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Palm Beach Quarterly Market Report (April to June 2017) Summary,according to the Palm Beach MLS...
Area 1: (Inlet Drive to Wells Road) 33 homes – SOLD
Average price: $6,636,227 – Average per sq.ft. $1,073
Highest priced per sq.ft. 100 Casa Bendita – $2,469
Lowest priced per sq.ft. 274 Orange Grove Road – $586
 
Area 2: (Wells Road to Worth Avenue) 11 homes – SOLD
Average price: $7,267,291 – Average per sq.ft. $1,327
Highest priced per sq.ft. – 8 S. Lake Trail – $2,722
Lowest priced per sq.ft. – 218 Oleander Avenue – $620
 
Area 3:(Worth Avenue to Sloan’s Curve) 6 homes – SOLD
Average price: $31,206,263 – Average per sq.ft. $2,107
Highest priced per sq.ft. – 60 Blossom Way $4,176
Lowest priced per sq.ft. – 350 El Brillo Way $1,222
 
Area 2: CONDOS (Worth Avenue to Wells Road) 60 condos – SOLD
Average price: $1,830,846 – $942/sq/ft.
Highest per sq. ft. – 150 Bradley Place #1101– $2,843/sq.ft.
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Palm Beach Quarterly Market Report: (April to June 2016) Summary

,according to the Palm Beach MLS…
Area 1: North End: (Inlet Drive to Wells Road) 18 homes – SOLD
Average price: $6,235,966 – Average per sq.ft. $1,009
Highest priced per sq.ft. 1055 N. Ocean Blvd. – $1,897
Lowest priced per sq.ft. 305 Maddock Way – $217
 
Area 2: Mid-Town: (Wells Road to Worth Avenue) 14 homes – SOLD
Average price: $3,647,500 – Average per sq.ft. $776
Highest priced per sq.ft. – 150 Clarke Avenue – $1,519
Lowest priced per sq.ft. – 168 Seabreeze Avenue – $358
Area 3: Estate Section: (Worth Avenue to Sloan’s Curve) 8 homes – SOLD
Average price: $11,818750 – Average per sq.ft. $1,219
Highest priced per sq.ft. – 7 Golfview Road – 1,920 sq.ft.
Lowest priced per sq.ft. – 9 Golfview Road – $784
Area 2: Mid-Town: (Worth Avenue to Wells Road) 38 condos – SOLD
Average price: $1,307,421 $704/sq/ft.
Highest per sq. ft. – 2 N. Breakers Row S-44 – $2,719/sq.ft.
 
(Information provided by the Palm Beach MLS service, deemed reliable but subject to errors and omissions. Private sales from tax records are included in the report.)

 

Palm Beach Real Estate… Amazing New Listings!

June 29, 2017 by · Leave a Comment 

Dear Clients, Colleagues, Friends, and Family,

Happy Fourth July!   We are celebrating with two  Amazing New Listings! The Villas, considered one of the most prestigious buildings in town situated on the quiet end of Worth Avenue across from the Everglades Club boasting magnificent direct Intracoastal views.  This white glove building is full service with a garage, generator, and one 20 lbs pet is accepted.

The Villas Penthouse C:  Experience absolutely stunning views from this coveted direct lakefront 6,466 total sq. ft. Penthouse with 2,889 sq. ft. wrap-around terrace… impact sliders throughout.  Once in a lifetime opportunity to purchase this sought after Penthouse that has not been on the market since the 1980’s.
 
The Villas, Unit 2C:  Magnificent lake views from all major rooms in this renovated traditional 3 Bedroom 3 Bath gracious Palm Beach classic.  Special features include; formal entry and dining room with outstanding crown molding and mill work throughout, parquet floors, stencil-painted kitchen floor and high ceilings.  This glorious unit lives like a home with South and North Exposures… very open with lots of light!
 
We are proud to announce in the Spring of 2017, we listed and closed Unit 4C at The Villas, which closed at close to the asking price of $5,495,000. With approximately 2,500 sq. feet of luxurious living space, this unit sold at a record price per sq. ft.
 
Thanks to our loyal customers, our superior customer service, strong business ethics, and a proven track record, we are celebrating our 28th year as a leader among Palm Beach real estate firms.  Looking to Buy or Sell in Palm Beach?  Contact us for Experience you can Trust!
 
With Best Wishes for a Fabulous Fourth of July!

 

Palm Beach Real Estate… Opportunity Knocks, Best Deals in Town….

June 15, 2017 by · Leave a Comment 

It’s summer time, and now is the time for you to take advantage of these exciting Palm Beach real estate opportunities. Please share this e-mail with your friends who may be in search of the perfect Pied-a-Terre in Palm Beach…
350 South Ocean Blvd.; boutique building across from the Town beach with life-guard’s and benches to watch the world go by… wonderful location walk to the post office, Worth Avenue shops and restaurants. One of the only units in it’s price range with a garage, impact windows and wonderful garden and pool view!  Renovated unit lives like a home…very private and quiet just waiting for you! Asking $1,090,000.
 
130 Sunrise Avenue, Sun & Surf; one of the only direct oceanfront building complexes in town.  Outstanding location, walk to Publix, Amici Market, shops, and some of the town’s most loved restaurants, pharmacies and Houses of Worship. Renovated unit with impact windows, great kitchen, and baths with lovely town views of St. Edward’s church and the skyline from the 5th floor.  Full Service Building, exercise room, and valet!  Only $895,000.
 
251 Park Avenue; the lowest priced house in town…in a perfect location on a quiet street, next to a park with a driveway for off-street parking.  Lovely hardwood floors, lots of light…truly a charming Mediterranean residence perfect for Palm Beach.  Walk to the lake trail, the beach, enjoy Cuccina and other favorite restaurants, Publix, pharmacies, and Houses of Worship.  Motivated seller!  Asking $1,495,000.
 
Willing to drive across the bridge to Prestigious Flagler Drive?  Absolutely stunning custom renovated 1 bedroom 1.5 bath 10th Floor Unit with unbelievable direct Intracoastal views.   Wonderful gardens, pool, and exercise room at 1801 South Flagler Drive , just down the street from the exclusive Bristol Condominium units priced over $5 million, this unit is too good to be missed… perfect location, gorgeous views.  Being sold completely furnished.  Queen bed, Pull out sofa, fabulous closets, linens, dishes, everything you need… Just perfect for you and your guests. At this price, you cannot lose.  Owner says Sell!  Only $419,000.
 
If you don’t see something here that suits your criteria, please contact us.  We are available 24/7… We look forward to hearing from you!

 

Palm Beach Real Estate… NEW LISTING In-Town OCEANFRONT Building

May 31, 2017 by · Leave a Comment 

Dear Clients, Colleagues, Friends, and Family:
First and foremost, Happy Memorial Day... we are all grateful to our family members, friends and acquaintances alike who have dutifully served in The Armed Forces to protect Our Country since its founding.
We are proud to share with you our newest listing… Winthrop House – Penthouse 5… a fabulous 3BR/3BA South exposure unit with outstanding views of the ocean, town, and The Everglades Golf Course.  First time on the market, this penthouse is situated in The Prestigious Winthrop House on Worth Avenue…a full-service building with tunnel to the beach, gym, club room, and fabulous new pool on the third floor.
Just Sold… Winthrop House-Unit 506… a 2BR furnished unit, over looking Worth Avenue with lovely views of the ocean.
Please contact us for your private showing of Winthrop House – Penthouse 5… preview all units for sale on our fabulous website…LindaOlsson.com.
Thank you for your loyalty, friendship, and business over the past 26 years. We appreciate your patronage and look forward to hearing from you.
With Best Wishes to You and Yours for a Wonderful Holiday Weekend!
 
Sincerely,
 
 
LINDA R. OLSSON, PRESIDENT/BROKER
 LINDA R. OLSSON, INC., REALTOR

Palm Beach Real Estate. Our Listings… JUST SOLD!

May 19, 2017 by · Leave a Comment 

Dear Clients, Colleagues, Friends and Family:

We are delighted to announce we LISTED and SOLD the following in-town units, which are all closing in the next 30 days: 

Villa Plati Townhome; 302 Atlantic; Sold at the asking price pf $2,750.00.

Sun & Surf 100 Building; Unit 214: 2 BR/2.5 BA, Sold just below the asking price of  $849,000.

300 South Ocean Blvd; Unit 4E: 2BR / 2BA, Sold at the asking price of $829,000 (furnished).

Would you consider selling your townhome or condominium?  Prices have never been higher, inventory is low and quality units are in demand. The time to sell is now!  Over the past 27 years, we have listed and sold many outstanding units at Villa Plati, The Villas, Sun & Surf, Winthrop House, Kirkland House, 300 Building, 400 Building, L’Ermitage, One Watermark, Trump Plaza, etc... let us put our expertise to work for you! 

Specializing in Palm Beach Luxury Properties for over 27 yearswe welcome the opportunity to meet with you to preview your unit to provide you with a price your could expect in today’s market.  Visit our unrivaled website LindaOlsson.com to view all listed propertiesmarket reportsour blog, and customer testimonials.

With our best wishes for a fabulous summer… we look forward to hearing from you!

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