Palm Beach County condo sales dollar volume falls in December to $273M

Palm Beach County condo sales and dollar volume continued to cool as the year ended, although the average price per square foot slightly rose.

December condo sales totaled $273 million, down from $299 million in November. Brokers closed 538 sales last month, compared to 581 sales in November and 641 sales in October, Multiple Listing Service data from Redfin show.

December sale prices ranged from $62,000 to $9 million, with a median sale price of $275,000. The price per square foot ranged from $78 to $2,864, with a median of $245 per square foot.

In November, sales closed with a median price of $260,000, and $232 per square foot.

For the first time in four months, a La Clara condo in West Palm Beach did not take the top spot. A $9 million closing at Two North Breakers Row in Palm Beach was the priciest sale last month. Unit S45 sold for $2,864 per square foot after 193 days on the market. Christian Angle with Christian Angle Real Estate handled both sides of the deal.

The sale price was less than November’s priciest sale. Spec developer Todd Glaser bought a La Clara penthouse for $18.8 million.

In contrast, December’s cheapest sale was unit 194 at Lakeside Village Condo 6, at 702 Lori Drive in Palm Springs. It traded for $62,000 — or $78 per square foot — after 40 days on the market. Noelle McIntyre with True Floridian Realty had the listing, and Elcir Rocha with LoKation represented the buyer.

Here’s a breakdown of December’s notable condo sales:

Most Expensive

Two North Breakers Row, at Two North Breakers Row, Unit S45, in Palm Beach | Price $9,000,000 | $2,864 psf | Year built: 1986 | Listing agent: Christian Angle with Christian Angle Real Estate | Buyer’s agent: Christian Angle with Christian Angle Real Estate

Least Expensive

Lakeside Village Condo 6, at 702 Lori Drive, unit 194, in Palm Springs | Price $62,000 | $78 psf | Year built: 1977 | Listing agent: Noelle McIntyre with True Floridian Realty | Buyer’s agent: Elcir Rocha with LoKation

Highest Price Per Square Foot

Two North Breakers Row, at Two North Breakers Row, Unit S45, in Palm Beach | Price $9,000,000 | $2,864 psf | Year built: 1986 | Listing agent: Christian Angle with Christian Angle Real Estate | Buyer’s agent: Christian Angle with Christian Angle Real Estate

Lowest Price Per Square Foot

Lakeside Village Condo 6, at 702 Lori Drive, unit 194, in Palm Springs | Price $62,000 | $78 psf | Year built: 1977 | Listing agent: Noelle McIntyre with True Floridian Realty | Buyer’s agent: Elcir Rocha with LoKation

Newest

Amrit Ocean Resort & Residence, 3100 North Ocean Drive, Unit 1505P, in West Palm Beach | Price $2,800,000 | $1,109 psf | Year built: 2023 | Listing agent: Kari Lydon with Compass Florida 

Oldest

Palm Beach Hotel Condo, 235 Sunrise Avenue, unit 1007, in Palm Beach | Price $782,500 | $1,366 psf | Year built: 1925 | Listing agent: Peter Conn and Nikol Kolmnela with Compass Florida | Buyer’s agent: Richard Heller with United Realty Group

Read more

South Florida

Miami-Dade condo sales dollar volume drops in December to $457M

South Florida

Jupiter approves Rich Properties’ 23-unit townhouse development on church site

South Florida

Hines, Urban Street snag $220M construction loan for Fort Lauderdale mixed-use project