realestate

Palm Beach Condo Sales Surge to Record $239 Million in October

Palm Beach County Condo Sales and Dollar Volume Rise in October, Exceeding September Totals.

P
alm Beach County's condo market saw a boost in sales and dollar volume last month. Condo sales totaled $239 million in October, up from $221 million in September. Brokers closed 495 sales, a slight decrease from the 546 sales in August but an increase from the 445 sales in September.

    Median sale prices ranged from $25,000 to $9.6 million, with a median of $251,125. The price per square foot varied widely, from $32 to $2,463, with a median of $231. In comparison, September's median sale price was $250,000, and the price per square foot was $228.

    The highest-priced condo sale in October was Unit 303 at Boca Beach Residences, which sold for $9.6 million after 345 days on the market. The lowest-priced sale was Unit J at Kings Point Saxony, which traded for $25,000 after just 37 days on the market.

    Here are some notable condo sales from October:

    * Most Expensive: Boca Beach Residences, unit 303 ($9.6 million)

    * Least Expensive: Kings Point Saxony, unit J ($25,000)

    * Highest Price Per Square Foot: Vizcaya Lakes, unit 1314 ($2,463 psf)

    * Lowest Price Per Square Foot: Stratford at Hunters Run, unit D ($32 psf)

    * Newest: 1177 Moderne, unit 308A (2024)

    * Oldest: Intracoastal Terrace, unit 4100 (1964)

Palm Beach condo sales reach record high of $239 million in October.