Palm Beach Real Estate News
Palm Beach
Super Luxury Home Sales Worldwide Down 12 Percent Annually in Q1
According to new data from Knight Frank, there were 426 sales of properties valued at over $10 million in the first three months of 2024 across 11 tracked markets. This is an increase from the 365 sales in the previous quarter but represents a 11.6% annual decrease compared to the 482 sales in Q1 2023.
Luxury Palm Beach Area Home Sales Spike 34 Percent Annually in April
According to the Miami Association of Realtors, Palm Beach County total home sales climbed 5.2% year-over-year in April 2024, from 2,441 to 2,568.
Greater Palm Beach Area Residential Sales Downtick 2 Percent in February
Recent data from the Miami Association of Realtors indicates a slight decrease of 1.8% in total residential sales in Palm Beach County for February 2024, dropping from 1,794 to 1,762 units.
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.
