Steven Presson's Blog

Palm Beach homes a “bargain”? RealtyTrac says it’s so

Palm Beach is known for $70 million mansions and $60 parking tickets, but research firm RealtyTrac has a different twist on the tony island: It ranks fifth on the company’s ranking of “bargain beach towns.”

RealtyTrac used air quality, crime and home prices to calculate its ranking. The measure included condos, not just single-family homes, and by that calculation, Palm Beach’s median home price was a modest $497,500, priciest among RealtyTrac’s top 15 bargains.

RealtyTrac analyzed 1,400 beach towns. Palm Beach was the only Florida town to make the top 15.

Source: Palm Beach Post

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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.