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Condos See Mixed Quarter Outside Miami

Douglas Elliman Florida released reports today covering Palm Beach, Fort Lauderdale, and the Boca Raton residential markets for Q3, and unlike in Miami-Dade, the state of the condo markets in these places was a little more mixed. In Palm Beach, condo sales reached their second-highest level in more than six years, with their median sales price rising 3.3% to $390k from the prior-year quarter. In Fort Lauderdale, median condo sales prices increased 16.3% to $200k from the same quarter in 2011, but the number of sales declined year-over-year 12.2% to 466. In Boca, the median sales price fell 17.1% compared with last year, and the number of sales was down 26.5%.

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