Palm Beach County Single-Family Home Sales Down in November; Condo Sales Up 6 Percent
Posted by Scot Karp on Wednesday, December 19th, 2018 at 1:07pm.
Residential home sales throughout South Florida saw a pretty nice jump in November, with the one exception of Palm Beach County. According to recently released stats, local home sales fell 4.3 percent year-over-year to 1,189, and that’s even with prices trending upward.
Despite the dip in sales, the median price for single-family homes in Palm Beach County spiked 5.5 percent to $348,250 last month compared to this same time last year.
The good news is that condo sales in our market saw a nice boost from 2017, increasing by 6.1 percent year-over-year to 1,016 closings. In addition, condo prices also increased, although only by 2.8 percent to $176,750.
Overall, total residential sales in November still posted a small 0.2 percent gain, up four closings to 2,205 compared to November 2017.
Scot Karp, Director
Ultraluxury Condominium Division
PREMIER ESTATE PROPERTIES
Boca Raton, Florida
"RANKED IN THE TOP 250 AGENTS NATIONWIDE BY THE WALL STREET JOURNAL"