Friday, May 24, 2019 / by Carl Gentile
May Luxury Market Update - The Palm Beaches
May - Luxury Real Estate Numbers from April 2019
End of season here in the Palm Beaches usually comes around April 15th, but this year numbers showed different. We saw a 15% increase in number of homes sold from March to April, from 33 to 38 in our luxury market single family homes and a 38% increase from 32 to 44 sold in our luxury condominium category. The Palm Beaches continues to remain as a strong, growing market as people and companies continue to escape high tax states. Inventory continues to drop as a combined total of 14% down from March as season lasts longer and more individuals and families continue to homestead here in the Sunshine State.