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Elliman Report: Palm Beach Sales 1Q 2017

The Palm Beach market continued to show a shift to smaller sized sales across all segments in the report but was more pronounced in the luxury market. As a result, housing price trends showed mixed results but after considering the volatility in sales size, stability was evident. The median sales price of a condo fell 13.8% to $605,000 and the average sales price surged 38.1% to $1,274,036 respectively from the year ago period. Single-family price trend indicators all moved lower from the prior year quarter. Single-family median sales price declined 13.3% to $4,085,000 and average sales price fell 15.3% to $6,712,108 respectively from the prior year quarter…

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