realestate

Palm Beach County Condo Sales Experience Decline in Dollar Volume

Palm Beach County Condo Sales Decline in Second Week of December

P
alm Beach County's condo market saw a decline in sales and dollar volume during the second week of December. From Dec. 8 to Dec. 15, brokers closed 70 condo sales totaling $28.2 million, down from 112 sales worth $48.7 million the previous week. The average sale price dropped to $402,996, compared to $434,716 in the prior week.

    The average price per square foot increased to $329 from $297, according to Redfin data. Top 10 sales ranged from $745,000 to $2.2 million, with Unit 407 at Riviera taking the top spot at $2.2 million or $2,304 per square foot after 162 days on market.

    Unit 205S at Beach Point came in second, selling for $2.1 million or $1,105 per square foot after 315 days on market. The top 10 sales included Ocean Trail Condo's Unit 1305 as the least expensive at $745,000 and Palm Bay Club Condo's Unit A as the lowest price per square foot at $349.

    Here are the details of the top 10 sales:

    * Riviera, Unit 407: $2.2 million, $2,304 psf

    * Beach Point, Unit 205S: $2.1 million, $1,105 psf

    * Ocean Trail Condo, Unit 1305: $745,000, $637 psf

    * Palm Bay Club Condo, Unit A: $765,000, $349 psf

Palm Beach County condo sales decrease, impacting dollar volume.