Elliman Report: Palm Beach 3Q 2012
October 18, 2012
Price indicators and sales activity
continued to climb The number of sales
jumped 45.5% to 64 units in the third quarter,
from the prior year quarter. The year-to-date
number of sales is at its second highest level
in more than six years. Median sales price
increased 3.3% to $390,000 from the prior
year quarter, while average sales price and
average price per square foot increased
6.5% and 27.7% respectively.
Price indicators were mixed as sales
slipped Median sales price increased 5.7% to $2,600,000 from the prior year quarter.
Average sales price and average price per
square foot dropped 16.4% and 15.1%
over the same period. Arguably a small
submarket that could be characterized as
stable, the number of sales fell to 23 from
25 in the prior year quarter.
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