realestate

Palm Beach County Condo Sales Peak at 2100: Weekly Market Recap

Palm Beach County condo sales dollar volume rose in third week of January, despite 18% drop in deals.

C
ondo sales in Palm Beach County rebounded in the third week of January, despite a decline in deals. Brokers closed 81 condo sales totaling $65.7 million from Jan. 12 to Jan. 19, up from the previous week's $61.3 million. The average sale price rose to $811,490, significantly higher than the $619,637 average from the prior week. According to Redfin data, the average price per square foot increased to $397 from $348.

    The top 10 sales ranged from $1.8 million to $7.8 million. Unit 508S at Twenty One Hundred took the top spot with a $7.8 million closing, selling for $2,517 per square foot after 79 days on market. The second-highest sale was unit S302 at Twenty Seven Seventy, which closed for $7.6 million or $1,819 per square foot after 49 days.

    Here's a breakdown of the top 10 sales:

    * Most Expensive: Twenty One Hundred, unit 508S in Palm Beach ($7.8M, $2,517 psf)

    * Least Expensive: Jupiter Ocean Grande, unit 508 in Jupiter ($1.825M, $884 psf)

    * Highest Price Per Square Foot: Twenty One Hundred, unit 508S in Palm Beach ($7.8M, $2,517 psf)

    * Lowest Price Per Square Foot: The Commodore at Jupiter Yacht Club, unit 307 in Jupiter ($2.022M, $708 psf)

Palm Beach County condo sales peak at 2,100 units in weekly market update.