Palm beach county real estate market update

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PALM BEACH county
real estate
market updates

The Palm Beach County Florida Real Estate Market Update is Banyan Bridge Group’s comprehensive and up to date guide for everything you need to know about buying and selling real estate in Palm Beach County, Florida.

UPDATED JULY 3, 2021

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Palm Beach County Florida Real Estate Market Updates
Single family homes sales history

1
Single family homes sold in MAY 2020
1
Single family homes sold in may, 2021
1 %
Increase year / year %

REAL ESTATE MARKET UPDATE | PALM BEACH COUNTY

This table represents the number of home sales CLOSED in Palm Beach County during the month with comparisons going back a full year.

Closed home sales are a very important indicator of the Palm Beach County real estate market.

Always keep in mind as you review closed sales the seasonality of South Florida real estate sale.

That’s why we provide year over year comparisons and a 12 month view of closed sales.  

NOTE the Palm Beach County real estate market has been fairly consistent over the last year, despite all the pandemic related challenges.

DRAMATICALLY LOW INVENTORY is the underlying source of this drop and we’ll expect to see similar data over the next several months.

At Banyan Bridge Group, we’re working directly with homeowners in Palm Beach County who want to take advantage of this HIGH DEMAND | LOW INVENTORY real estate market and sell their home.  

This is an excellent time to EXTRACT EQUITY from a home sale as demand is high for single family homes in most parts of Palm Beach County.

Palm Beach County Single Family Homes Sales History

May-20211890
Apr-20211989
Mar-20211723
Feb-20211211
Jan-20211154
Dec-20201784
Nov-20201533
Oct-20201818
Sep-20201744
Aug-20201814
Jul-20201940
Jun-20201478

Palm Beach County Florida Real Estate Market Update Single Family Home ACTIVE LISTINGS

NOTE – we keep our Palm Beach County homes inventory updated several times per week because of the speed to which single family homes are being put under contract and sold in Palm Beach County.

This table shows the number of property listings active at the end of the month by price range.

NOTE – these do NOT include pending or recently closed listings.

Less than $50,0001
$50,000 – $99,99914
$100,000 – $149,99926
$150,000 – $199,99950
$200,000 – $249,999107
$250,000 – $299,999137
$300,000 – $399,999339
$400,000 – $599,999541
$600,000-$999,999359
$1,000,000 or more316

PALM BEACH COUNTY
SINGLE FAMILY HOMES
FOR SALE NOW

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Palm Beach County Florida Real Estate Market Update
Townhomes & Condo sales history

1
condo & townhomes sold in january, 2020
1
condo & townhomes sold in january, 2021
1 %
Increase year / year %

Palm Beach County Condo & Townhome Sales History

This table represents the number of townhouse and condo sales CLOSED in Palm Beach County during the month with comparisons going back a full year.

Closed townhouse and condo sales are a very important indicator of the Palm Beach County real estate market.

Always keep in mind as you review closed sales the seasonality of South Florida real estate sales.

That’s why we provide year over year comparisons and 24 month’s view of closed sales.  

The townhouse and condo market has trended similarly as single family home closed sales in Palm Beach County. 

As single family homes have been harder to identify in Palm Beach County, some out of state buyers have resorted to purchasing townhomes and condominiums sight unseen just to have a property in place until they find their dream home.

DRAMATICALLY LOW INVENTORY is the underlying source of this drop and we’ll expect to see similar data over the next several months.

At Banyan Bridge Group, we’re working directly with condo and townhome owners in Palm Beach County who want to take advantage and sell their property, move into a single family home or buy another townhome or condo. 

This is an excellent time to extract equity from a condo or townhome sale as demand is high in most parts of Palm Beach County.

Palm Beach County Condo & Townhome Sales History

May-20211887
Apr-20212017
Mar-20211639
Feb-20211107
Jan-2021919
Dec-20201295
Nov-20201277
Oct-20201415
Sep-20201257
Aug-20201200
Jul-20201316
Jun-2020937

PALM BEACH COUNTY CONDO & TOWNHOMES FOR SALE NOW

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Palm Beach County Florida Condo & Townhome ACTIVE LISTINGS

NOTE – we keep our Palm Beach County listings updated several times per week because of the speed to which condos & townhomes are being put under contract and sold in Palm Beach County.

This table shows the number of property listings active at the end of the month by price range.

NOTE – these do NOT include pending or recently closed listings.

Less than $50,00045
$50,000 – $99,999475
$100,000 – $149,999472
$150,000 – $199,999447
$200,000 – $249,999348
$250,000 – $299,999268
$300,000 – $399,999303
$400,000 – $599,999331
$600,000-$999,999198
$1,000,000 or more364

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