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Luxury Home Sales in Palm Beach Are Up

ʮһ 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

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