The Real Deal Miami

Palm Beach houses rise in price, condos fall

August 25, 2008 12:18PM

Single-family home prices in Palm Beach rose 9 percent in the first half of 2008 from the year before, but condominium prices fell, according to the latest edition of the Evans Report, compiled by local attorney and developer Leslie Evans. The median sale price of a condominium plunged 16.5 percent to $710,000 in the first six months of 2008, while home prices rose to a median of $4.3 million. The number of single-family home sales fell nearly 30 percent between the two periods, from 80 to 57.