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Elliman Report: West Palm Beach Sales 4Q 2019

Overall price trend indicators by property type showed mixed results on a year over year basis while the luxury condo market saw price gains, aided by a shift to larger-sized units. Condo median sales price for the overall market slipped 4.3% to $129,250 as average sales price surged 87.9% to $351,986, respectively, from the year-ago quarter. Luxury condo median sales price rose 6.1% to $366,000, aided by the addition of new development condominium closings that skewed the average square footage by 29.5% to 2,351. Overall condo listing inventory fell…

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