The housing market season has been one of the busiest in recent years. Given the strong economy and the new tax law, we are seeing more and more people from high tax states like New York, Connecticut, Massachusetts, and California looking to make Palm Beach their home.
This season saw 82 residential home sales versus 59 for the same period the year before*. The bigger story this season was the number of high dollar sales.
- 2017/2018 season:
- 17 residential home sales over $10,000,000 totaling $333,837,550
- 2016/2017 season:
- 10 residential home sales over $10,000,000 totaling $202,459,200
Currently, there are 26 pending sales, the largest of them being $59,500,000. All signs point to a continued active Spring and Summer.