Palm Beach Real Estate: Report Shows Bustling Market Compared to 2017 - Newsroom - Rabideau Klein

Palm Beach Real Estate: Report Shows Bustling Market Compared to 2017

By Darrell Hofheinz, Daily News Real Estate

If you’re looking for more evidence that the bustling Palm Beach real estate market is outpacing the sluggishness that characterized 2017, the latest Rabideau Law Brief is worth a perusal. The March issue documents real estate activity in February and shows that during the shortest month of the year, 32 single-family listings priced at $1 million or more entered the Palm Beach Board of Realtors Multiple Listing Service.

Compare that to just 10 similar listings added in February 2017.

In February, 13 single-family properties in town changed hands at prices ranging from $2.3 million to $19.51 million, the report shows.

And on the condominium, co-op and townhouse scene, 23 units priced above $1 million were added to MLS last month.

“Altogether, 131 (condo) units were sold during the (past) 12-month period as compared to 108 for the same period of the previous year,” the report says. That’s an increase of 21 percent.

The report is prepared monthly by attorneys Guy Rabideau and David E. Klein of the Palm Beach firm of Rabideau Law, which specializes in real estate law.

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