Palm Beach Real Estate News
Palm Beach
Florida Condo Prices Falling as Insurance and HOA Fees Skyrocket
Based on new data from national property broker Redfin, prices of condos in major Florida metros are dropping year-over-year in early 2024, as sales decline. New condo listings inventory is soaring as sellers try to offload their properties.
Greater Palm Beach County Residential Sales Slip in January
Based on new data by the Miami Association of Realtors, Palm Beach County overall residential sales slipped in January 2024.
U.S. Luxury Home Prices Hit Record High in 2023, Up 9 Percent Annually
Based on new data by Redfin, the typical U.S. luxury home sold for a record $1.17 million in the fourth quarter, up 8.8% from a year earlier. Prices of non-luxury homes increased at half the pace, rising 4.6% year over year to a record $340,000.
Greater Palm Beach Area Residential Sales Dip in 2023
Based on new data by the Miami Association of Realtors, total Palm Beach County Florida residential sales decreased 3.3% annually in December 2023, from 1,830 to 1,770 transactions.
