Palm Beach Real estate second-quarter market report

August 9, 2018 by · Leave a Comment 

We are delighted to provide our Second Quarter market reports for the 2018 and 2017 sales in the designated Palm Beach areas for your review. Sales of homes and condominiums are approximately the same in number of sales…with town home sales of 7 in 2018 outnumbering the 2017 sales of only 2.   Per square foot prices are on the rise… particularly in the Estate Section. 

 
We hope you are enjoying a wonderful summer with friends and family… Please contact us if we can be of assistance.
 
2ndQtr. 2018 Market Report update:
 
Area 1: (Inlet Drive to Wells Road) 36 homes SOLD –
Average price: $5,774,814 – Average per sq.ft. $979
Highest priced per sq.ft. 
1404 N. Lake Way  – $1,686
Lowest priced per sq.ft. 
226 Tradewind Drive – $336
Area 2: (Wells Road to Worth Avenue)11 homes SOLD –
Average price: $3,428,529 – Average per sq.ft. $1007
Highest priced per sq.ft. – 
441 Australian Avenue – $1,839
Lowest priced per sq.ft. – 245 Pendelton Avenue – $658
Area 3: (Worth Avenue to Sloan’s Curve) 10 homes SOLD 
Average price: $20,547,264 – Average per sq.ft. $1,492
Highest priced per sq.ft. – 
8 Golfview Road – $2,068
Lowest priced per sq.ft. – 130 Clarendon Avenue – $969
 
Area 1, 2, 3 TOWNHOUSES – 7 SOLD
Average price: $4,097,542 – Average per sq.ft. $840
Highest priced sq.ft. – 419 Brazilian Avenue – $1,195/sq.ft.
Lowest priced per sq.ft. – 300 Atlantic Avenue – $631/sq.ft.
 
Area 2: CONDOS (Worth Avenue to Wells Road) 63 condos SOLD 
Average price: $1,669,006 – $916/sq/ft.
Highest per sq. ft. – 2 N. Breakers Row #S24 – $3,462/sq.ft.
 
 
2ndQtr. 2017 Market Report update:

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 1, 2, 3 TOWNHOUSES – 

2

SOLD

Average price: $4,800,000 – $851- Average per sq.ft. 
Highest priced sq.ft. –   230 Brazilian Avenue –  $1,210/sq.ft.
Lowest priced per sq.ft. – 302 Atlantic Avenue – $492/sq.ft.
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.
Sincerely,
LINDA R. OLSSON, INC., REALTOR Logo
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