The Evans Report, written by Attorney Leslie Robert Evans, states that single family home sales in Palm Beach are up 40.7% compared to the same period in 2011.
There were 38 single family sales in 3Q2012, up from 27 sales in 3Q2011. Dollar volume in that period increased from $190.3MM; 3Q2011 sales were $115.4MM.
Evans said, "the third quarter sales seemingly reflected buyer confidence that the market is improving as the number of sales would have decreased had buyers thought the market was still weak." The average single family sales price rose 17% to just over $5MM.
Median sales price of condos rose 15% in July with a 78.6% increase in sales activity.
