Summer slowdown: Palm Beach County weekly condo sales drop to $26M

It’s South Florida’s slow season amid the dog days of summer, and Palm Beach County’s condo sales and dollar volume dropped during the July Fourth holiday last week.

Brokers closed 62 condo sales totaling $25.8 million from June 30 to July 6. That’s down from 90 condo sales totaling $33 million the previous week.

Last week’s units sold for an average of $416,716, higher than the $366,742 average price from the previous week. The average price per square foot rose to $311 from $256, according to data from Redfin.

For the top 10 sales, prices ranged from $745,000 to $2.6 million.

Unit 819 at Two City Plaza, at 701 South Olive Avenue in West Palm Beach, took the top spot with a $2.6 million closing. The sale closed at $1,183 per square foot after 25 days on market.

Colleen Foley with Luxe Life Realty represented both the buyer and the seller.

Unit 201 at Meridian, at 1 North Ocean Boulevard in Boca Raton, closed for the second highest amount, $2.4 million, or $636 per square foot after 94 days on market.

Helena Hall and Lance Hall with Compass had the listing, and Gabriel Chocron with Coldwell Banker Realty brought the buyer.

Here’s a breakdown of the top 10 sales from June 30 to July 6:

Most Expensive

Two City Plaza, 701 South Olive Avenue, unit 819, in West Palm Beach | Price: $2,550,000 | $1,183 psf | Listing agent: Colleen Foley with Luxe Life Realty | Buyer’s agent: Colleen Foley with Luxe Life Realty

Least Expensive

West Bay at Jonathans Landing, 16100 West Bay Drive, unit 247, in Jupiter | Price: $745,000 | $405 psf | Listing agent: Meredith Blackwell with Fine Living Realty of Palm Beaches | Buyer’s agents: Paul Stockall and Diane Hutchinson with Compass

Highest Price Per Square Foot

Peruvian Court, 173 Peruvian Avenue, unit 3, in Palm Beach | Price: $2,200,000 | $2,103 psf | Listing agents: Todd Peter and Christine Gibbons with Sotheby’s International Realty | Buyer’s agent: Maria Boalt with Tina Fanjul Associates