Steven Presson's Blog

Bucking national trend, Palm Beach County mansion prices rise

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

  1. 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

Until next time.

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Steven Presson is a Luxury Home Specialist and has listed and sold over several hundred million dollars in real estate sales from Highland Beach to Manalapan. He can be reached at 561.843.6057 or by email steven.