Ultra-luxury brings heat as Palm Beach home sales surge
Sales volume surged in Palm Beach County’s luxury hubs, particularly in its namesake island market, in the first quarter. The number of single-family home sales in Palm Beach grew 36 percent, year-over-year, according to the Corcoran Group and Brown Harris Stevens. Average days on market fell to 136, and average price per square foot ballooned 18 percent to $3,674. The average sale price jumped 18 percent to $19.6 million. The picture was more mixed for Palm Beach’s condo market. Sales grew 39 percent, year-over-year, to 110 deals in the first quarter. But average days on market rose to 137, and […]This article originally appeared on The Real Deal. Click here to read the full story.
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