Palm Beach County luxury contracts surge post-Mamdani win

Luxury contracts in Palm Beach County surged in the days following Zohran Mamdani’s mayoral win in New York City, with a Stone Creek Ranch mansion asking $47.5 million and a waterfront Palm Beach house asking $37.5 million leading deals. Buyers signed 29 contracts between Nov. 10 and Nov. 16 for luxury properties in Palm Beach County, according to a report from Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total $235 million in asking dollar volume and averaged 105 days on the market. The previous week, buyers signed 10 contracts totaling $67.7 million in asking dollar volume. […]This article originally appeared on The Real Deal. Click here to read the full story.