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.
Palm Beach houses rise in price, condos fall
|Tightening of loose cables preceded FIU bridge collapse that killed at least 6: Sen. Rubio|
|Brown Harris Stevens promotes Phil Gutman to president of Miami brokerage|
|Sonny Kahn buys neighboring Golden Beach oceanfront property for a big markdown|
|Developer Andy Ansin, son of billionaire, sells Coral Gables spec mansion|
|Rising construction costs challenge multifamily developers: panel|