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.)

 

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