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Palm Beach Real Estate… Second Quarter 2016 Market Report

Dear Clients, Colleagues, Friends and Family;
Are you thinking about buying or selling a Palm Beach home or condominium?
The hallmark of our firm is Superior Customer Service. We believe an educated customer is a satisfied customer, and satisfied customers lead to sales and referrals. We are delighted to share our 2016 Quarterly Market Sales Report (April to June, 2016), for you to analyze the market. Visit our outstanding website LindaOlsson.com to preview previous quarterly reports, testimonials from buyers and sellers, all listed Palm Beach properties for sale, and keep abreast of market trends through our blog.
Choosing a firm with the commitment, confidentiality and dedication to represent your best interest makes all the difference. Specializing in Palm Beach Luxury Properties for over 26 years and ranked 26 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.
We hope you enjoy the report and look forward to hearing from you.

Contact Us For Experience You Can Trust!

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Palm Beach Quarterly Market Report: (April to June 2016) Summary:
Active Palm Beach listings for Homes and Condominiums as of July 12, 2016
North End Homes: 65

Mid-Town Homes: 28

Mid-Town Condominiums: 99

Estate Section: 33
Area 1: North End: (Inlet Drive to Wells Road) 18 homes– SOLD
Average price: $6,235,966 – Average per sq.ft. $1009
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 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.

 

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
(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.)

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