It is always a pleasure to share our Quarterly Market Reports with you. We know you enjoy analyzing the Palm Beach Real estate market… Please contact us with any questions regarding these sales of Palm Beach Homes and Condominiums.
4th Quarter of 2015 Market Report 10/01/2015 – 12/31/2015
| (Information provided by the Palm Beach MLS service, deemed reliable but subject to errors and omissions. Private sales are not included in the report.) |
Area 1: (Inlet Drive to Wells Road) 10 homes SOLD –
Average price: $9,403,365 – Average per sq.ft. $1,181
Highest priced per sq.ft. 390 N. Lake Way. – $2,481
Lowest priced per sq.ft. 201 Debra Lane – $662
Area 2: (Wells Road to Worth Avenue) 9 homes SOLD –
Average price: $4,080,944 – Average per sq.ft. $906
Highest priced per sq.ft. – 245 Atlantic Avenue – $1,466
Lowest priced per sq.ft. – 265 Park Avenue – $459
Area 3:(Worth Avenue to Sloan’s Curve) 2 homes SOLD –
Average price: $6,100,000 – Average per sq.ft. $824
Highest priced per sq.ft. – 160 Woodbridge Road – $933
Lowest priced per sq.ft. – 150 Algoma Road – $715
CONDOS – 36 SOLD in 4rd Quarter of 2015
Area 2: (Worth Avenue to Wells Road) –
Average price: $1,271,508 $720/sq/ft.
Highest per sq. ft. – 2 N. Breakers N31 – $3700/sq.ft.
The market is strong and inventory is low; commanding high prices for quality properties. We strive to locate properties that suit the needs of our clients whether it be in Palm Beach or the surrounding area. A recent trend worth noting… several clients are selling their homes and condominiums in town taking advantage of the high pricing, and moving to Flagler Drive, Trump Plaza for example, or to the wonderful golf course community of Old Palm, and other northern communities. In past days, it was not fashionable to “move across the bridge”, but today that is far from the truth. Old guard Palm Beach homeowners, are gladly making the move, and we would be pleased to help you should you wish to sell your property and make a change.
Please contact us for your confidential appointment. We welcome the opportunity to meet with you, provide you with a market value for your property, and to show you alternative properties that would best suit your needs. If you are considering selling your property, contact us today. Preview all listed properties on our fabulous web site:www.LindaOlsson.com.
We appreciate your business and look forward to serving all your real estate needs in 2016. Whether you are buying or selling, contact us for prompt, professional, real estate services 24/7.