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Elliman Report: Palm Beach Sales 4Q 2012

CONDO/TOWNHOUSE Median sales price jumped 23.9% from the same quarter last year to $588,750. Average sales price and average price per square foot edged 5.8% and 1.3% respectively over the same period. Number of sales jumped 56.1% year-overyear to 64 sales, but remained unchanged from the prior quarter.

SINGLE FAMILY Although this market segment represents a narrow submarket of Palm Beach, the number of sales nearly doubled from prior year levels, reaching 26. All price indicators showed double-digit year-over-year gains; median sales price increased 13% to $2,775,000 over the period, while average sales price and average price per square foot showed larger gains, rising 32% and 26.1% respectively.

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