Smaller sized single-family sales and higher
condo activity were the norm in the final
quarter of 2016 Palm Beach housing market.
This mix caused havoc among the price trend indicators. To illustrate, we’ve added average
square footage to each of the submarket matrix
tables presented in this report. The average
square footage of a single-family sale dropped
36.3% to 3,329 from the prior year quarter. This
result was the smallest single-family square
footage average in eleven years…