Dear Potential Buyers, Sellers, Clients, Friends, and Associates,Happy New Year… And what a Year 2021 has been! We are delighted to share our Fourth Quarter Palm Beach market report for this unprecedented year in Palm Beach Real Estate History…2021 was clearly a Year for the Record Books! Most luxury condominium, home, and land prices have doubled since 2020! The influx of buyers flocking to South Florida from high tax states such as New York, Connecticut and California continue to push prices to unforeseen levels. Palm Beach real estate prices have truly skyrocketed with low inventory and high demand causing Buyers to dig deep to relocate to Palm Beach and the surrounding areas. Click here to preview our Fourth Quarter Market Report.
We are proud to have represented the Buyers of this Prestigious Clarke Avenue, Palm Beach Estate property, which closed on November 12, 2021. With 11,049 total sq. ft, including a guest house, and three car garage, this fabulous house is in the perfect in-town location! Click on this link to preview details and photos
Below please see our Palm Beach 2021 Fourth Quarter Market Summary:
Area 1: North End (Inlet Drive to Wells Road) 10 homes SOLD
Average price: $11,503,688– Average per sq. ft. $2,368
Highest priced per sq. ft. 211 Ocean Terrace – $2,911
Lowest priced per sq. ft. 270 El Dorado Lane – $1,792
Area 2: In-Town (Wells Road to Worth Ave.) 8 homes SOLD
Average price: $9,197,825 – Average per sq. ft. $1,831
Highest priced per sq. ft. 426 Seaspray Ave – $2,858
Lowest priced per sq. ft. 124 Australian Ave – $1,247
Area 3: Estate Section (Worth Avenue to Sloan’s Curve) 6 homes SOLD
Average price: $16,608,125 – Average per sq. ft. $1,953
Highest priced per sq. ft. 1700 S Ocean Blvd – $3,873
Lowest priced per sq. ft. 201 El Vedado Road- $604
Area 1, 2, 3 Townhomes – 2 SOLD
Average price: $7,650 – Average per sq. ft. $1,595
Highest priced per sq. ft. 331 Australian Ave – $1,826
Lowest priced per sq. ft. 236 Bradley Place – $1,3659
Area 2: In-Town Condos (Worth Avenue to Wells Road) 30 condos SOLD
Average price: $3,283,731 – Average per sq. ft. $1,500
Highest priced per sq. ft. 2 N Breakers Row 4 – $4,966
Lowest priced per sq. ft. 44 Cocoanut Row 103A – $444
To complete our final Palm Beach 4th Quarter Market Report, one must take into consideration the homes and condominiums that are sold, currently under contract “pending” their closing dates:
Click here to Preview 10 Palm Beach Homes… Under Contract in the North End, In-Town, and the Estate Section.
Click here to Preview 9 “In-Town” Condominiums/Co-op…Under contract.
Click here to Preview 31 South Ocean Blvd. Condominiums, South of Mara Lago…Under contract.
Interested in reviewing all Palm Beach Homes, Condominiums, and Land actively for Sale? Please click on our unrivaled website WWW.LINDAOLSSON.COM One click leads you to each section of Palm Beach…The North End, In-Town, and Estate Section Homes, providing photos, details, asking prices.
Specializing in Palm Beach Luxury Properties, From Pieds a’Terre to Oceanfront Estates for Over 30 Years. Global Reach, Local Expertise, Unrivaled Website…Active Community Leader with a Reputation you can Trust. Contact us if you are considering Buying on Selling in the Palm Beaches. We pride ourselves on superior customer service…We welcome the opportunity to represent you, and appreciate your time and consideration.
With Best Wishes for a Wonderful New Year, filled with Happiness, Good Health, Joyous days filled with Love and Laughter!