C
ondo sales and dollar volume declined in Palm Beach County last week, while the average sale price increased. From September 15th to 22nd, brokers closed 67 condo sales totaling $39.7 million, down from 91 sales worth $45.9 million the previous week. The average sale price rose to $593,041, up from $504,396 in the prior week. According to Redfin data, the average price per square foot increased to $343 from $318.
The top 10 condo sales ranged from $725,000 to $5.1 million. Unit R-12 at Excelsior in Boca Raton led with a $5.1 million closing, or $1,187 per square foot, after 192 days on the market. The second-highest sale was unit 502N at the Palm Beach Hampton, priced at $4.5 million or $2,006 per square foot, and sold after 100 days.
Here's a breakdown of the top 10 sales:
* Most Expensive: Excelsior, Boca Raton - $5.1 million
* Least Expensive: Barclay, South Palm Beach - $725,000
* Highest Price Per Square Foot: Palm Beach Hampton, Palm Beach - $4.5 million ($2,006 psf)
* Lowest Price Per Square Foot: One Singer Island, Singer Island - $1.475 million ($508 psf)
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