By Darrell Hofheinz, Daily News Real Estate
As fears of the coronavirus pandemic amped up in March, Palm Beach’s MLS saw just seven new listings for houses priced at $1 million or more, a just-released report shows, compared to 17 in the same month a year ago. Better news? Overall, Palm Beach’s first-quarter bustled with sales.
Just seven new listings for Palm Beach single-family homes priced at $1 million or more entered the local multiple listing service in March, a new analysis by a real estate law firm shows.
The year before, there were 17 new listings in that price category, according to monthly real estate briefs prepared by the Palm Beach firm Rabideau Klein.
The result of that comparison isn’t surprising, considering that Palm Beach real estate in March — like just about everything else — was sent reeling mid-month amid worries about the coronavirus pandemic.
Released this week, the Rabideau Klein Brief for the Town of Palm Beach primarily looks at properties priced at $1 million, which the report dubs the “luxury” category.
The most expensive single-family property to enter the market last month was a $10.39 million listing for a house on an oversize lot at 201 Via Linda, which was offered by broker Christian Angle of Christian Angle Real Estate. The least expensive in the luxury category was Sotheby’s International Realty agent Tierney O’Hara’s $1.45 million listing for 217 Oleander Ave.
But it was a different story on the multifamily scene for units priced at $1 million or more. There were 18 new listings townwide for condominiums, co-ops and townhouses in March, compared to 20 in the same month last year.
The most expensive of those new multifamily listings last month was a townhouse at 351 Chilean Ave., priced at $4.125 million by agents Jessica Robertson and Steve Davis of Douglas Elliman Real Estate. The least pricey unit included in the luxury category was Unit 2G at 300 S. Ocean Blvd., listed at $1.01 million by agent Rosalind Clarke of Premier Estate Properties.