Palm Beach condominium and co-op sales jump 38 percent: report

The total number of condominium and co-op sales in the town of Palm Beach rose 38.2 percent in the second quarter compared to the same period in 2011, according to the latest report from attorney and real estate analyst Leslie Robert Evans. The dollar volume of condo and co-op sales rose to $30.3 million in the period, a 36.5 percent increase compared to the second quarter of 2011. The median sales price for condos and co-ops experienced a 7 percent improvement. “The increase in both the median sales prices and the number of condos/co-ops sold, when viewed with the decrease in foreclosures, is a positive trend,” Evans said. — Alexander Britell