Condo prices jump 15 percent in town of Palm Beach: report

The median sales price of condominiums in the town of Palm Beach rose 15 percent in July, with a 78.6 percent increase in sales activity, according to the latest report from attorney and real estate analyst Leslie Robert Evans. There were a total of 18 single-family home sales in the town of Palm Beach in July in the same period, a 64 percent increase compared to the same month in 2011. “Confidence in the single-family home sales market in July was reflected by both the increase in purchase price and the median price, and by the number of home sales,” Evans said. — Alexander Britell