I am pleased to share our 2015 Second Quarter Market Report for Palm Beach Homes, Condominiums, and Townhomes. Please click on the link to view our full report, which includes all “In-Town” Palm Beach properties sold and reported on the Palm Beach multiple listing service, and Palm Beach County tax records. Please note that many times the recorded “Sold” price is a net sale, and the actual sales price would have in fact been higher than reported due to backing out costs to close the transaction.
Area 1: Wells Road to East Inlet Drive “North End” :
21 Homes SOLD – average price: $5,041,209 – average per sq.ft. $899
Highest priced per sq.ft. 1095 N. Ocean Blvd. – $2020
Lowest priced per sq.ft. 220 Arabian Road – $566
Area 2: Worth Avenue to Wells Road “Mid-Town” :
14 Homes SOLD – average price: $3,873,007 – average per sq.ft. $933
Highest priced per sq.ft. – 260 Kawama Lane – $1,265
Lowest priced per sq.ft. – 253 Park Avenue $381
Lowest priced per sq.ft. – 253 Park Avenue $381
Area 3: South of Worth Avenue to Sloan’s Curve “Estate Section”:
10 Homes SOLD – average price: $10,416,025 – average per sq.ft. $1,016
Highest priced per sq.ft. – 240 Banyan Road – $1,531
Lowest priced per sq.ft. – 17 Sloans – $311
Lowest priced per sq.ft. – 17 Sloans – $311
Includes Areas 1, 2, and 3, as above stated:
57 Condominiums SOLD- Average price: $1,357,152 – average per sq. ft. $773
Highest per sq.ft. – 150 Bradley Place – PH-3 – $2,243
The weather this summer is steamy in Palm Beach but be are thankful to live near the beach in such a vibrant, beautiful Town, and to have the opportunity to work with all of you.. we appreciate your business. Please contact us if you have any questions, or if you are looking to buy or sell a property.
With best wishes to you and yours for a wonderful Summer!