Nationally, U.S. mansion prices fell 1 percent in the first quarter, according to real estate brokerage Redfin. But three Palm Beach County cities bucked the trend, posting double-digit increases.
Boca Raton and Delray Beach ranked fifth and sixth nationally in Redfin’s ranking of price appreciation for luxury homes, which the brokerage defines as the top 5 percent of homes. West Palm Beach finished 11th.
Rank. City (average price): Increase
- Oakland ($2.4 million): +49.8 percent
5. Boca Raton ($3.2 million): +21.6 percent
6. Delray Beach ($3.3 million): +20.2 percent
11. West Palm Beach ($1.3 million): +12.7 percent
Source: Palm Beach Post