The Real Deal Miami

Prices up in Palm Beach County

May 19, 2008 04:19PM

The median sale price of single-family homes in Palm Beach County
increased by $870,000 to $4.67 million in the first quarter of the
year, according to a report from local real estate attorney Les Evans.
The median price for condos was up $15,000 to $800,000 over the same
period, according to the report. He notes that the island’s market has
gotten a boost from a decrease in the county’s housing supply — the
result of a recent trend towards combining smaller properties to make
big ones. This past season was marked by several record-breaking home
sale prices.