Palm Seashore County apartment gross sales and dollar quantity slid in November.
Brokers shut 581 condo revenue totaling $299 million in Palm Beach County in November, compared to 641 apartment sales totaling $319 million in October, MLS knowledge from Redfin display.
November sale selling prices ranged from $55,000 to $18.8 million, with a median price of $260,000. In Oct, sale selling prices ranged from $40,000 to $9 million, with a median price tag of $279,000.
The rate for each square foot in November ranged from $71 to $2,399, with a median value of $232. In Oct, the median cost for each square foot was $239 and ranged from $45 to $2,338.
For the 3rd month in a row, a La Clara apartment took the title of priciest trade. Spec developer Todd Glaser bought unit 2601, a penthouse, for $18.8 million — which he presently relisted for $28.5 million. Carol Sollak with Engel & Völkers Wellington and Christopher Leavitt with Douglas Elliman (Palm Beach) have the existing listing. Glaser’s $18.8 million purchase breaks down to $2,338 per square foot. It offered just after 752 times on the current market.
On the flip facet, a gutted Lake Clarke Gardens apartment bottomed out the charts for November. Unit 105 at 2811 Yard Generate South in Lake Well worth marketed for $55,000 — or $74 per sq. foot. Sean Murphy with Illustrated Attributes experienced the listing. Diana Rudman, also with Illustrated Houses, represented the buyer. The deal closed after 38 times on the sector.
Here’s a breakdown of November’s noteworthy apartment profits:
Most Costly
La Clara, 200 Arkona Court, device 2601, in West Palm Beach front | Price tag $18,750,000 | $2,338 psf | 12 months developed: 2023
The very least High priced
Lake Clarke Gardens, 2811 Backyard garden Generate South, unit 105, in Lake Worthy of | Value $55,000 | $74 psf | Year built: 1971 | Listing agent: Sean Murphy with Illustrated Attributes | Buyer’s agent: Diana Rudman with Illustrated Homes
Optimum Selling price Per Sq. Foot
Seaglass Condominium, 1500 Seashore Highway, device 403, in Tequesta | Cost $12,500,000 | $2,399 psf | Yr created: 2022 | Listing agent: Robert Thomson with Waterfront Qualities & Club C | Buyer’s agent: Jeremy Browne with Compass Florida
Cheapest Selling price For every Square Foot
Bridgewood Midrise, 1956 Bridgewood Push, device 1722, in Boca Raton | Price $75,000 | $71 psf | 12 months developed: 1974 | Listing agent: Mallor McCabe with Boca West Realty | Buyer’s agent: Luis Cadena with Luca Realty
Newest
La Clara, 200 Arkona Court docket, unit 2601, in West Palm Beach | Price $18,750,000 | $2,338 psf | 12 months crafted: 2023
Oldest
Gulfstream Condominium, 31 South Golfview Road, device 13, in Lake Worthy of Seaside | Price $235,000 | $324 psf | 12 months developed: 1948 | Listing agent: Christopher Busby with KW Innovations | Buyer’s agent: Simon Isaacs with Simon Isaacs Authentic Estate
