Luxury Market Report Palm Beach
Recent ILHM Luxury Market Report / updates for Palm Beach, Beach Towns; Palm Beach County; Southeast Florida
The Luxury Benchmark Price for Single Family Homes in Palm Beach is currently: $780,000
The Luxury Benchmark Price for Condos (attached homes) in Palm Beach is currently: $720,000
Please ask us for copy of the full 5 page report for Palm Beach, Beach Towns, Palm Beach County, and for other cities / market areas where you may have an interest. Below are the summaries for Palm Beach; Southeast Florida.
PALM BEACH MARKET SUMMARY for SINGLE-FAMILY HOMES; June 2019
• The Palm Beach single-family luxury market is a Buyer's Market with an 11% Sales Ratio.
• Homes sold for a median of 91.49% of list price in May 2019.
• The most active price band is $2,800,000-$3,299,999, where the sales ratio is 21%.
• The median luxury sales price for single-family homes has increased to $2,476,000.
• The median days on market for May 2019 was 86 days, down from 120 in April 2019.
PALM BEACH MARKET SUMMARY for ATTACHED HOMES (CONDOS) ; June 2019
• The Palm Beach attached luxury market is a Buyer's Market with a 10% Sales Ratio.
• Homes sold for a median of 93.50% of list price in May 2019.
• The most active price band is $900,000-$999,999, where the sales ratio is 30%.
• The median luxury sales price for attached homes has decreased to $1,075,000.
• The median days on market for May 2019 was 77 days, down from 144 in April 2019.
As a Member of The Institute for Luxury Home Marketing we have many additional tools to help Higher End Sellers and Buyers; in any location / marketplace.
The Institute's Luxury Market Report is your guide to luxury real estate data and trends for North America. Produced monthly, this report provides an in-depth look at the top residential markets across the United States and Canada. As an active member of The Institute, we receive exclusive access to a deep-dive report with analysis on all of the included markets.
Also; please check out the other Pages; Blogs, and tabs to many other informational Links, Updates & Reports that we have here on our informational website. ☘
"We hope that you find the information useful. If you have any questions, please do not hesitiate to contact Kim or Barry with the Hoey Team ☘ email us at: Barry@SWFLLuxury.Com or KimZuponcic@Gmail.com or Call/Text the Hoey Team at: (239)-360-5527
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