Palm Beach single-family sales jumped 35 percent in 2011, averaging $4.4M

There were a total of 138 sales of single-family homes in Palm Beach last year, a 35 percent jump from 2010, according to a five-year Palm Beach residential market report from Brown Harris Stevens. The average sales price of a Palm Beach home was $4.4 million, a slight drop from 2010 and 11 percent lower than in the boom years. Condominium sales averaged $674,029, according to the report. There were 324 total condominium units sold in Palm Beach in 2011, up from 299 in 2010. — Alexander Britell