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The first Palm Beach County Real Estate Market Report for 2018 describes slower sales, tighter inventory, and increased median home prices, all of which are strong indicators that we will remain in a seller’s market for the foreseeable future.
The median sales price for homes in West Palm Beach for May 1 to Jul 31 was $215,000 based on 1,270 home sales. Price Per Square Ft. Average price per square foot for West Palm Beach was $157, an increase of 5% compared to the same period last year.
Median condo prices rose in all three counties, hitting $156,000 in Broward, $175,000 in Palm Beach County and $225,000 in Miami-Dade. Advertisement The median means half the properties sold for.
Palm Beach County total home sales and median sale prices increased year-over-year in May as more northern home buyers take advantage of ultra-low mortgage rates and Florida’s no state income tax, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing service (mls) system.
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In June, the number of properties that received a foreclosure filing in Palm Beach County, FL was 28% higher than the previous month and 4% lower than the same time last year. Home sales for May 2018 were up 10% compared with the previous month, and up 223% compared with a year ago. The median sales price of a non-distressed home was $250,000.
Palm Beach Median Prices Continue Rising Palm Beach County single-family home prices increased 4.6 percent in January 2019, increasing from $325,000 to $340,000. Existing condo prices rose 2.9 percent, from $170,000 to $175,000 in January. Palm Beach Distressed Sales Continue to Drop, Reflecting Healthy Market
Palm Beach County home sales take hit during May, condos hold steady: report. Meanwhile, sales for condos and townhouses picked up slightly year-over-year. The market saw 1,275 unit sales last month, up 1.9 percent from 1,251 sales the year before. Prices also spiked 9.6 percent from $150,950 per unit to $165,500.
Palm Beach Median Prices Rise in 2Q 2019 The median price for single-family homes in Palm Beach increased to $355,000 in 2Q 2019, a 1.4% jump from $350,000 in the same period last year. The median price for existing condominiums increased 2.5% year-over-year from $182,000 to $186,500.
Just before the new headquarters opened in April 2017, median sale prices of homes within 1 mile had jumped 54.7 percent to $1,535,000, while prices in Santa Clara County had jumped. Miami-Fort.
For Fort Lauderdale, Douglas Elliman Real Estate recorded sharp price gains in both single-family and condos. The median sales price for luxury condos rose by 9.8 percent to nearly $1.29 million. For.