November 5, 2013
The luxury Palm Beach real estate market is on fire. Palm Beach estate homes are selling in greater numbers this year, driving up the average single-family home price to nearly 5 million dollars.
Sixteen luxury estates sold from April to September this year, up 78 percent from the 9 that sold during the same period in 2012. This surge increased the average single-family home price in Palm Beach to 4.7 million dollars, a 19 percent increase from 3.98 million dollars a year ago. The median single-family home price rose 5 percent to 2.5 million dollars.
For more information on buying or selling a luxury Palm Beach estate, contact Niki Higgins at +1-888-242-4422.
Source: The Real Deal
