Palm Beach Real Estate – First Quarter 2017 Market Report

April 14, 2017 by · Leave a Comment 

Dear Clients, Colleagues, Friends, and Family;

This Season has flown by with a flurry of real estate deals, it is difficult to believe we are now celebrating Passover and Holy week…we are all blessed to be enjoying the Holidays with glorious weather in Palm Beach.

The market has been strong with buyers searching for quality inventory, with a preference for high-quality renovations of well-located homes and condos, or new construction. We believe in providing current market data to our customers, which is provided on our fabulous web site: LindaOlsson.com. Click to preview full quarterly market reports, review all listed properties, read our blog, and testimonials from satisfied customers.

We are proud to present our First Quarter Market Report with you; click here to preview the full report. According to the Multiple Listing Service…This is the summary of the Palm Beach sales in the First Quarter in the designated areas:

Area 1: (Inlet Drive to Wells Road) 14 homes SOLD
Average price: $8,256,598 – Average per sq.ft. $1,173
Highest priced per sq.ft. 149 E. Inlet Drive – $3,309
Lowest priced per sq.ft. 223 Orange Grove Road – $596

Area 2: (Wells Road to Worth Avenue) 7 homes SOLD
Average price: $3,503,428 – Average per sq.ft. $934
Highest priced per sq.ft. – 346 Brazilian Avenue – $1,221
Lowest priced per sq.ft. – 263 Park Avenue – $458

Area 3:(Worth Avenue to Sloan’s Curve) 2 homes SOLD
Average price: $46,150,000 – Average per sq.ft. $2,926
Highest priced per sq.ft. – 1290 S. Ocean Blvd. $4,756
Lowest priced per sq.ft. – 146 Gulfstream Road $1,097

Area 2: CONDOS (Worth Avenue to Wells Road) 46 condos SOLD
Average price: $1,115,524 – $582/sq/ft.
Highest per sq. ft. – 2 N. Breakers Row #S44 – $4,121/sq.ft.

Representing buyers and sellers of Palm Beach’s Finest Residences for over 26 years… you can profit from Linda’s knowledge, expertise and expect concierge quality service. We utilize our experience, resources, and global connections to unite extraordinary people with extraordinary properties.

Thank you for a wonderful Season, we look forward to continuing to serve all your real estate needs 24/7 throughout the year.

With Best Wishes to You and Yours for a lovely Easter Weekend.

Sincerely,

LINDA R. OLSSON
PRESIDENT/BROKER

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