Season’s over: Palm Beach County condo sales drop in May to $439M 

Marking the end of the season, Palm Beach County’s condo sales and dollar volume dropped in May, with a Bristol unit again topping the charts.

May condo sales totaled $439 million, falling from $489 million in April. Brokers closed 779 sales last month, down from 838 sales in April and 682 in March, Multiple Listing Service data from Redfin show.

May sale prices ranged from $42,500 to $12 million, with a median sale price of $290,000. The price per square foot ranged from $30 to $3,055, with a median of $247 per square foot.

In April, sales closed with a median price of $290,000, and $252 per square foot.

A $12 million closing at the Bristol in West Palm Beach took the title of priciest sale last month. Unit 602 at 1100 South Flagler Drive sold for $2,786 per square foot after 164 days on the market. Margit Brandt with Premier Estate Properties handled both sides of the deal.

The sale price was less than April’s priciest sale. Unit 2302, also at the Bristol, sold for $28 million. 

In contrast, May’s cheapest sale was at Southport at Hunters Run in Boynton Beach. Unit H at 35 Southport Lane sold for $42,500 — or $30 per square foot — after 51 days on the market. Krystle Rea with RE/MAX Prestige Realty had the listing. Joshua Cohen with Coldwell Banker Realty represented the buyer.

Here’s a breakdown of May’s notable condo sales:

Most Expensive

Bristol, 1100 South Flagler Drive, unit 602, in West Palm Beach | Price $12,000,000 | $2,786 psf | Year built: 2019 | Listing agent: Margit Brandt with Premier Estate Properties | Buyer’s agent: Margit Brandt with Premier Estate Properties

Least Expensive

Southport at Hunters Run, 35 Southport Lane, unit H, in Boynton Beach | Price $42,500 | $30 psf | Year built: 1980 | Listing agent: Krystle Rea with RE/MAX Prestige Realty | Buyer’s agent: Joshua Cohen with Coldwell Banker

Highest Price Per Square Foot

Winthrop House, 100 Worth Avenue, unit 309, in Palm Beach | Price $6,500,000 | $3,055 psf | Year built: 1970 | Listing agent: Gary Pohrer with Douglas Elliman | Buyer’s agent: Brad Torres

Lowest Price Per Square Foot

Southport at Hunters Run, 35 Southport Lane, unit H, in Boynton Beach | Price $42,500 | $30 psf | Year built: 1980 | Listing agent: Krystle Rea with RE/MAX Prestige Realty | Buyer’s agent: Joshua Cohen with Coldwell Banker

Newest

La Clara, 200 Arkona Court, unit 1702, in West Palm Beach | Price $2,700,000 | $1,781 psf | Year built: 2023 | Listing agents: Melanie Barre and Sheila Crosby, both with One Sotheby’s International Realty | Buyer’s agent: Valeriy Bogatov with Bogatov Realty

Oldest

Palm Beach Hotel, 235 Sunrise Avenue, unit 2032, in Palm Beach | Price $385,000 | $1,421 psf | Year built: 1925 | Listing agent: Lillian Pulitzer with Brown Harris Stevens | Buyer’s agent: Lillian Pulitzer with Brown Harris Stevens

Read more

Development

South Florida

Surging South Florida condo demand pushing multifamily developers to pivot

Residential

South Florida

Miami-Dade County condo sales volume drops in May to $780M 

Residential

South Florida

In Broward County, condo sales dollar volume drops to $320M in May