Palm Beach County saw an increase in both the number of condo sales and total dollar volume last week. According to data from Redfin, brokers completed 74 condo transactions totaling $42.8 million between Aug. 18 and Aug. 24, up from 64 sales totaling $31.4 million the previous week.
The average sale price for units reached $578,767, higher than the prior week’s average of $491,305. However, the average price per square foot declined to $316 from $328.
Among the top 10 sales for the week, prices ranged from $1 million to nearly $7.7 million.
The highest-priced transaction was for unit 205 at Presidential Place, located at 800 South Ocean Boulevard in Boca Raton. The unit sold for $7.7 million, or $1,617 per square foot, after spending 240 days on the market. Senada Adzem with Douglas Elliman represented the seller while Todd Lipsich with Luxury Partners Realty brought the buyer.
Another notable sale was unit E1 at 330 Ocean, situated at 330 South Ocean Boulevard in Palm Beach. It closed for $3.5 million or $1,762 per square foot after being listed for 266 days. Patricia Mahaney with Sotheby’s International Realty had the listing and Maria Fanjul-Ryan with Tina Fanjul Associates represented the buyer.
Other significant transactions included:
– Unit 411 at 111 First Delray Condo in Delray Beach sold for just over $1 million ($1,014 per square foot), with Pascal Liguori and Antonio Liguori of Premier Estate Properties as listing agents and Katherine Degroot of Lehmann Realty representing the buyer.
– Unit 70 at Jupiter Country Club in Jupiter closed at $1.15 million ($378 per square foot). Jennifer Burke with Coldwell Banker Realty listed the property; Kathleen Smuts with WildFlower Real Estate worked with the buyer.
