Palm Beach Real Estate… Fourth Quarter Market Report 2016

January 12, 2017 by · Leave a Comment 

We are delighted to share our 2016 Fourth Quarter Market Report  (October to December, 2016) with you.

Thanks to you, we have had another amazing year… in December alone we sold and/or put under contract:

120 Atlantic Avenue; asking $6,495,000,

The Villas Unit 4C; asking $5,495,000,

One Watermark Unit 1201; asking $4,995,000,

​400 South Ocean Blvd. Unit 210; asking $2,795,000,

354 Chilean Ave. Unit 6F; asking $1,195,000.

According to the Palm Beach Multiple Listing Service:

Area 1: (Inlet Drive to Wells Road) 9 homes SOLD –
Average price: $7,707,348 – Average per sq.ft. $916
Highest priced per sq.ft. 400 Caribbean Road – $1,647
Lowest priced per sq.ft. 224 Manana Lane – $566
Area 2: (Wells Road to Worth Avenue) 6 homes SOLD –
Average price: $3,246,666 – Average per sq.ft. $774
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) 1 home SOLD –
Average price: $8,750,000 – Average per sq.ft. $1,312
Highest priced per sq.ft. –
Lowest priced per sq.ft. –
Area 2: CONDOS (Worth Avenue to Wells Road) 18 SOLD
Average price: $1,215,638 – $745/sq/ft.
Highest per sq. ft. – N. Breakers Row #N42 – $2,251/sq.ft.

(Information provided by the Palm Beach MLS service, deemed reliable but subject to errors and omissions. Private sales from tax reports are included in the report.)

Are you interesting in buying or selling a home or condominium in Palm Beach? Choosing a firm with the commit, confidentiality, and dedication to represent your best interests makes all the difference. Specializing in Palm Beach Luxury Properties for over 26 years; Ranked 26th in the State of Florida for sales volume by the Wall Street Journal…we welcome the opportunity to put our expertise to work for you.

Contact us for Experience you can Trust!

We look forward to seeing you soon. Thank you for your continued loyalty, friendship and business… it is truly our pleasure to service your real estate needs.

Sincerely,

LINDA R. OLSSON
PRESIDENT/BROKER

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