The Real Deal Miami

Palm Beach home prices up 22 percent

December 30, 2011 10:03AM

The median sales price of single-family homes in Palm Beach rose 22
percent in the third quarter of 2011, according to the Evans Report.
“There were no foreclosures of single-family homes, condominiums/co-ops
during the third quarter of 2011,” said Leslie Evans, managing partner
of Leslie Robert Evans & Associates, which puts out a quarterly
report on Palm Beach Real Estate. “This is another indication of the
strength and stability of the housing market in the town of Palm Beach.”
The number of single-family home purchases during the third quarter
actually fell from 28 in 2010 to 27 this year. The median sales price of
condominiums rose 24 percent in the same period. — Alexander Britell