The Real Deal Miami

Palm Beach single-family homes reach pre-recession values

According to county appraiser, the total value of homes on island is $11.1B
October 10, 2014 03:45PM

Palm Beach

Palm Beach

“Market values” for single-family properties in Palm Beach have returned to pre-recession levels, according to Dorothy Jacks, chief deputy property appraiser at the Palm Beach County Property Appraiser’s office.

According to her office’s numbers, the assessed values for houses and single-family residential properties in Palm Beach are estimated to total $11.1 billion.

In January 2008, that number was $11.3 billion, according to the Palm Beach Daily News.

However, the value of all houses, land, condominiums, commercial buildings and other properties taken together from the start of this year is estimated at $16.9 billion, compared to $17.9 billion in 2008. [Palm Beach Daily News] – Christopher Cameron