Palm Beach County saw an increase in both condo sales and total dollar volume for the week ending August 24. Data from Redfin shows that brokers closed 74 condo sales, totaling $42.8 million, up from 64 sales worth $31.4 million the previous week.
The average sale price last week was $578,767, compared to $491,305 the prior week. However, the average price per square foot decreased to $316 from $328.
Among the top ten condo transactions during this period, prices ranged between $1 million and nearly $7.7 million.
The highest-priced sale was unit 205 at Presidential Place, located at 800 South Ocean Boulevard in Boca Raton. The property sold for $7.7 million, or $1,617 per square foot after spending 240 days on the market. “Senada Adzem with Douglas Elliman had the listing, and Todd Lipsich with Luxury Partners Realty brought the buyer.”
Another notable transaction was unit E1 at 330 Ocean in Palm Beach. This property closed for just over $3.5 million—or about $1,762 per square foot—after being listed for 266 days. “Patricia Mahaney with Sotheby’s International Realty had the listing, and Maria Fanjul-Ryan with Tina Fanjul Associates represented the buyer.”
Other significant deals included a unit at Jupiter Country Club in Jupiter selling for just over $1.15 million and a unit at 111 First Delray Condo in Delray Beach closing at slightly above $1 million.
A detailed breakdown of these top sales provides insight into current trends within Palm Beach County’s condominium market.
