Palm Beach County Luxury Real Estate Market Continues To Boom
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The South Florida real estate market continues to garner national headlines as business expands into the condo market. For months, million-dillion single family home sales were surging and it seems like that surge has bled into the condo market in Palm Beach County.
According to appraiser Miller Samuel Inc., in the last month, signed contracts for condos worth at least $1 million jumped 300% from a year earlier. Palm Beach County has become a popular escape for the Northeast city residents that are seeking less congested area's during the pandemic. Single-family homes continue to benefit from the influx of new residents, but the boost in the condo market has greatly increased as we head into the winter months up north.
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The White Elephant Palm Beach will be opening on Nov. 4, 2020 on the site of the old Bradley Park Hotel on main street. The 32-room sister property of Nantucket's White Elephant will feature 19 suites, a u-shaped social pool and international inspired restaurant, Lola 41.
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In support of local restaurants in Jupiter and Palm Beach Gardens, Villain Bike Boutique at Downtown Palm Beach Gardens will host a biweekly bike tour on Tuesdays and Thursdays.
The Marine Industries Association of South Florida, along with show producer Informa U.S. Boat Shows and Broward County, announced Thursday that the 61st version of the annual boat show will go on as planned with new safety protocols.
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