Palm Beach Q2 Residential and Condo Sales Update

2nd quarter residential sales for homes located between the Inlet to Sloan’s Curve were very strong:

  • Total number of homes sold was up 45% – 49% from last year
  • Sold Volume was up from $367.13M – $485.03M
  • The highest sale was $36.45M and the lowest was $1.73M
  • 3 sales over $20M fueled the high volume. One was 446 N Lake Way. A beautiful new construction home located in the North End overlooking the intercoastal. The other two were 220 El Vedado Rd and 516 S Ocean Blvd both located in the Estate Section.

2nd quarter In-town condo sales also had a strong season:

  • 26% increase in new In-Town listings
  • New In-Town listings range between 430,000$ and $8M
  • Increase in average sale price in In-Town condos by 14% to $1.792M
  • 1 sale over $7M fueled the high volume. This oceanfront condo was located at 2 N Breakers Row and sold for $7.675M.

We predict a strong next selling and rental season. Please call us for more details on the market and on selling or renting your property. We are one of the top real estate firms on the island and ready to help you with your property in any way.

Look forward to seeing you around town and ending this season with good health.

All the best,
Crista Ryan
President



IN-TOWN
426 Seaspray 
5 BR | 4.1BA | 5,862 Total SF | Lot: 9,801 SF
List Price: $5.525M
Crista Ryan represented the seller.


NEW CONSTRUCTION
446 N Lake Way 
6BR | 8.3BA | 13,451 Total SF | Lot: 34,412 SF
List Price: $42.875M
Lawrence Moens represented the seller.

HISTORIC
220 Via Bellaria
8BR | 9.3 BA | 10,125 Total SF | Lot: 22,651 SF
List Price: $9.95M
Crista Ryan represented the buyer. 

MOST ROOM FOR IMPROVEMENT 
1465 Laurie Ln
3BR | 2BA | 2,023 Total SF | Lot: 9,148 SF
List Price: $2.45M
Crista Ryan represented the buyer.<

Looking for more information on the current real estate market? Contact our office or any of your favorite Tina Fanjul Associates agents, they will be happy to assist you.
We’re here for you through it all.
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By |2020-08-03T05:41:09+00:00August 3rd, 2020|Featured, home page, sold listings|