Season is in Full Swing – Palm Beach Real Estate market

Season is in Full Swing – Palm Beach Real Estate market

The Palm Beach luxury real estate market is showing the results of a busy season. From entry level to high-end Listings, Palm Beach agents are reporting a strong amount of showings. Activity is flourishing and a number of high end real estate listings in Palm Beach are selling or going under contract. “Four more single-family houses priced between $6 million and $10 million in Palm Beach landed under contract this week, boosting evidence that the bottleneck holding back sales over the past year may finally be easing,” writes Darrell Hofheinz in his Palm Beach Daily News’ article Friday, March 03, 2017. He goes on to write that “In all, 24 houses can be found in the ‘sales pending’ category of the Palm Beach Board of Realtors Multiple Listing Service , according to a search this week. Those listings range in price from $1.495 million to $22 million. A similar search three weeks ago showed just 16 houses in the pending category. The four latest properties under contract in the $6-10 million range include two brand-new homes developed on speculation and two older ones. Of the latter, a traditional-style four-bedroom house at 350 El Brillo Way stands on one of the prime “El” streets in the Estate Section; the others are El Bravo Way and El Vedado.” For the full article please visit www.palmbeachdailynews.com/business/real-estate/real-estate-palm-beach-sees-burst-contracts-million-range/NGbMkoQfoiqnaAZcELS3vK/