April 29, 2024

Coastal Confidential | April 29, 2024

Coastal Confidential  |  April 29, 2024

Welcome to this week's edition of Coastal Confidential, where we bring you the latest in contract activity from April 20 to April 26.

• Last week, a total of 64 contracts were reported signed, showing a slight decrease of 3% week-over-week and 16% year-over-year.
• The standout submarket was Jupiter to Singer Island, Jupiter Island, which saw a 3% increase in contracts compared to last year.
• Interestingly, sales below $1M experienced a 30% decline year-over-year, while sales over $1M are on the rise by 3% versus 2023.

In terms of notable sales:
- 1500 Lands End in Manalapan achieved one of the top 5 sales of the week at $6,599, averaging an impressive $1,578 per square foot.
- The highest-priced contract of the week was for 216 S Beach Road in Hobe Sound, a single-family home featuring a private beach and dock, with an asking price of $38M.

Additionally, there were 18 sales spanning from Hypoluxo Island to Delray Beach, showcasing a diverse range of real estate activity in the area. 

Stay tuned for more exclusive insights in the next edition of Coastal Confidential.

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Steven has consistently been a Top Producer in the luxury markets in Palm Beach County. If integrity, persistence and results are traits you believe can make the difference in your real estate transactions, contact Steven Presson.