Sales in the Palm Beach housing market
continued to skew towards larger sized homes.
The average square footage of a luxury sale
was 8,846, 31.7% larger than the same period
last year. Sizes in the overall condo market
increased 6.6% to 1,804 square feet and the
sizes in overall single family market increased
23.1% to 4,928 respectively from the prior year period. Listing inventory continued to
fall across the entire market, restraining sales
activity. The luxury housing market experienced
a 12.8% decline in inventory to 68 listings with
an entry threshold of $5,500,000.