Site icon Linda R. Olsson Inc., Realtor

Palm Beach Second Quarter Market Report & Market Update

Dear Buyers, Sellers, Clients, Colleagues, and Friends:Specializing in Palm Beach Luxury real estate for over 30 years, we are experiencing a real estate market like no other.  The market all over the country is strong, with bidding wars, and off-market sales a daily occurrence.  A strong Seller’s market is apparent by our Second Quarter Market Report, with square foot prices starting at $2,000 plus on most in town condominiums, with waterfront units considerably higher up to $4,500 per sq. foot for prestigious high-end units such as oceanfront units at The Breakers.   Click here to preview our 2nd Quarter Report.

We are delighted to announce that we listed and put under contact in 30 days 167 Everglades Avenue, Palm Beach…Asking $17,198,000 furnished. This home is closing in August, with a Sale/Leaseback in place.

With high demand and low inventory, the single family home market is off the charts.  Today, there are only five (5) homes listed for sale In-Town,   (Worth Avenue to Wells Road); Fourteen   (14) in the North End (Wells Road to Inlet Road);     and Nine (9) in the Estate Section (Worth Avenue to Sloan’s Curve).

If you are thinking about selling your Palm Beach home or condominium, now is the time to take advantage of this unprecedented Seller’s market.  With Capital Gains rates predicted to rise, and the possibility of the 1031 Tax Free Exchange being eliminated, you may want to consider selling your Palm Beach property now.
With over $300 million in sales since 2021, we welcome the opportunity to assist you with all your real estate needs.   Whether you are buying or selling…Contact us for Experience you can Trust.

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