Palm Beach County experienced an increase in both the number and value of condominium sales last week. From August 18 to August 24, brokers completed 74 condo transactions totaling $42.8 million, according to data from Redfin. This marks a rise from the previous week, when 64 units sold for a combined $31.4 million.
The average sale price per unit climbed to $578,767 compared to $491,305 the week before. However, the average price per square foot dropped slightly to $316 from $328.
Among the top ten transactions during this period, prices ranged between $1 million and nearly $7.7 million.
The highest-priced deal was for unit 205 at Presidential Place located at 800 South Ocean Boulevard in Boca Raton. The unit sold for $7.7 million or about $1,617 per square foot after spending 240 days on the market. Senada Adzem with Douglas Elliman handled the listing while Todd Lipsich with Luxury Partners Realty represented the buyer.
Another notable transaction involved unit E1 at 330 Ocean (330 South Ocean Boulevard) in Palm Beach, which closed at $3.5 million or roughly $1,762 per square foot after being listed for 266 days. Patricia Mahaney with Sotheby’s International Realty was responsible for the listing and Maria Fanjul-Ryan with Tina Fanjul Associates acted as buyer’s agent.
Other significant sales included:
– Unit 411 at 111 First Delray Condo (111 Southeast 1st Avenue) in Delray Beach: Sold for just over $1 million ($1,014 psf), listed by Pascal Liguori and Antonio Liguori of Premier Estate Properties; Katherine Degroot of Lehmann Realty represented the buyer.
– Unit 70 at Jupiter Country Club (242 Tresana Boulevard) in Jupiter: Closed at $1.15 million ($378 psf), with Jennifer Burke of Coldwell Banker Realty as listing agent and Kathleen Smuts of WildFlower Real Estate as buyer’s agent.
Overall, these figures reflect ongoing activity and interest in Palm Beach County’s condo market.
