The Real Deal Miami

Condo sales show big increase in Palm Beach

November 28, 2012 10:30AM

Condominiums in Palm Beach

There were a total of 75 condominium and co-op sales in the town of Palm Beach in the third quarter, a 220 percent increase over the same period in 2011, according to attorney Leslie Robert Evans’ Evans Report for the third quarter. The number of condo sales dropped from the second quarter, however, when Palm Beach saw a total of 125 such sales. August was the strongest month of the quarter, with 28 total sales. The median condo and co-op sales price in the third quarter was $447,000, with an average sales price of $673,963. The total sales volume was just under $50 million. — Alexander Britell