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Palm Beach County Home Sales, Median Sale Prices Rise in May

The county needs to do more to address South Florida’s affordable housing crisis as real estate prices rise, Commissioner Melissa. because they can’t afford to live in Palm Beach County, McKinlay.

Median home prices increase, as Palm Beach county real estate market grows at a stabilized rate. Read more in our Real Estate Market Report for May 2016.

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The median price in Palm Beach, Broward and Miami-Dade counties. yet the inventory of homes for sale remains tight in many local markets," Florida Realtors President Maria Sales said in a statement.

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Palm Beach Single-Family Home Median prices continue rising palm Beach County single-family home prices increased 3.1%, from $354,000 to $364,900. Existing condo prices increased 5.2%, from $175,900 to $185,000. Palm Beach Distressed Sales Comprise Just 2.6% of Total Sales

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Broward County total home sales, single-family home transactions, condo sales, median sale price and total sales volume all increased year-over-year in May, according to the MIAMI Association of.

“With a double digit appreciation in the median sale. County,” said Ron Lennen, president of the Realtors of the Palm Beaches and Greater Fort Lauderdale. In Palm Beach County, single-family home.

The median list price per square foot in Palm Beach County is $194, which is lower than the Miami-Fort Lauderdale-West Palm Beach Metro average of $221. The median price of homes currently listed in Palm Beach County is $350,000 while the median price of homes that sold is $268,300.

The sales information for Broward, Miami-Dade and Palm Beach counties was not greatly improved over April, when 46 percent of homes were purchased for less than the previous sale price. In Palm Beach.

Palm Beach County, needing to turn over its affordable housing stock quickly, is offering a cut to real estate agents who can make a sale. s median home price of about $277,000 is out of reach for.

Palm Beach County’s average effective property tax rate is 1.18%, higher than all but six other Florida counties. The median real estate tax payment is also third highest in the state at $2,624 per year.

In Palm Beach County, single-family home sales grew 4.8 percent, to 1,216, while the median sales price increased 9.5 percent, to $345,000, according to the Realtors of the Palm Beaches and.

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