These are unprecedented times. Since 2020, the Palm Beach real estate prices have skyrocketed, demand is high, inventory is low… It is truly a Seller’s market, and one has to wonder if now is the time to take advantage of the current bull market. We are pleased to share our first quarter market report with you. We are thankful to all our buyers and sellers for working with us on the sale or purchase of their properties… Thanks to you, we have had another fabulous Season!
Below please see our Palm Beach 2022 First Quarter Market Summary:
Area 1: (Inlet Drive to Wells Road) 16 homes SOLD –Average price: $13,522,583 – Average per sq. ft. $2,450Highest priced per sq. ft. 1330 N Lake Way – $4,464Lowest priced per sq. ft. 201 La Puerta Way – $1,540
Area 1: (Inlet Drive to Wells Road) 16 homes SOLD –
Average price: $13,522,583 – Average per sq. ft. $2,450
Highest priced per sq. ft. 1330 N Lake Way – $4,464
Lowest priced per sq. ft. 201 La Puerta Way – $1,540
Area 2: (Wells Road to Worth Ave.) 9 homes SOLD –
Average price: $7,059056 – Average per sq. ft. $2,141
Highest priced per sq. ft. 307 Chilean Ave – $3,009
Lowest priced per sq. ft. 260 Park Ave – $1643
Area 3: (Worth Avenue to Sloan’s Curve) 5 home SOLD –
Average price: $35,079,750 – Average per sq. ft. $3,429
Highest priced per sq. ft. 5 Golf Road – $5,657
Lowest priced per sq. ft. 200 Regents Park Road- $1,944
Area 1, 2, 3 TOWNHOUSES – 3 SOLD
Average price: $10,892 – Average per sq. ft. $2,314
Highest priced per sq. ft. 221 Brazilian Ave – $3,396
Lowest priced per sq. ft. 246 Everglade Ave- $1,755
Area 2: CONDOS (Worth Avenue to Wells Road) 26 condos SOLD
Average price: $3,408,982 – Average per sq. ft. $1,708
Highest priced per sq. ft. 100 Sunrise Ave 203 – $2,575
Lowest priced per sq. ft. 220 Atlantic Ave 5 – $728
SOLD—IN TOWN-EVERGLADES AVENUE, NEW CONSTRUCTION MODERN MEDITERRANEAN – $11,995,000.
We represented the seller of this fabulous house, which sold in the first quarter of 2022— Closed pre-construction with the buyers taking over the construction permit at almost the asking price. The prices shown on the report show as a “net sale”, with the buyer continuing payments due to the builder, Dunworth Construction.
Are you considering the sale of your property? Contact a firm with the reputation you can trust! Specializing in Palm Beach Luxury Properties, From Pieds A’ Terre to Oceanfront Estates for over 30 years. Choosing a firm to represent your best interests makes all the difference, we work tirelessly for our buyers and sellers with an in-depth knowledge of the market, expert negotiation skills, and exceptional customer service.
Whether you are buying or selling, we are here for you 24/7. We welcome the opportunity to put our expertise to work for you! Thanks to our superior customer services, proven track record, local expertise, global reach, and Unrivaled Website www.LindaOlsson.com, we are a leader among Palm Beach real estate firms. Contact us for experience you can trust!
Thank you for your time and consideration. We look forward to hearing from you.