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Elliman Report: Palm Beach Sales 2Q 2013

CONDO/TOWNHOUSE Median sales price jumped by 40.4% to $660,000 from the prior year quarter. Average sales price increased 27% to $930,790 and average price per square foot rose 25.6% to $486 over the same period. However, the average size of a sale showed only a slight 1.1% increase to 1,915 square feet over the same period…

SINGLE FAMILY Listing inventory fell 39.3% to 108 listings as the number of sales surged by 56.4% to 61 over the same period. The faster market pace was in sharp contrast to market and negotiability trends. Days on market expanded by 38 days and listing discount rose to 20.8% from 15.9% over the same period…

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