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Elliman Report: Palm Beach 2Q 2012

CONDO/TOWNHOUSE: Median sales price was $470,000, up 16% from $405,000 in the same period last year. Average sales price and average price per square foot increased 11.9% and 2.7% respectively over the same period. There were 119 sales this quarter, 22.7% more than in the prior year quarter…

SINGLE FAMILY: Median sales price was $2,100,000 in the second quarter, 8.7% below $2,300,000 in the same period last year. The other price indicators showed larger declines, mostly due to a larger concentration of higher-end sales in the prior year quarter, which skewed the current quarter’s price indicators lower…

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