Introducing our weekly Coastal Confidential update for the Palm Beaches and Barrier Islands, covering contract activity from May 4 to May 10, 2024. Here are the highlights:
- We observed 66 signed contracts last week, marking a slight decrease of 7% compared to the previous week and 4% compared to the same period last year.
- Notably, Palm Beach saw a notable annual increase in signed contracts, particularly in the single-family segment.
- Contracts below $1M experienced a 27% decline year-over-year, while those above $1M surged by 61%.
Additionally, 11 contracts were reported from Hypoluxo Island to Delray Beach. The highest-priced contract was for 3 Ocean Lane, an oceanfront single-family home in Manalapan, listed at $22.95M.
