Palm Beach County Luxury Real Estate Market Continues To Boom

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Published in Market Updates

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. 

Palm Beach County offers residents access to the best luxury lifestyle in South Florida. With miles and miles of sun-drenched beaches, some of the world's greatest waterways with optimal fishing and boating opportunities, and hundreds of public and exclusive golf club's and courses, there is plenty of reasons why those in the northeast have chosen the Palm Beaches. 

Explore some of our condo listings here

 

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