Palm Beach County experienced an increase in both the number and total value of condo sales last week. Between August 18 and August 24, brokers closed 74 condo sales amounting to $42.8 million, compared to 64 sales totaling $31.4 million during the previous week.
The average sale price for condos reached $578,767, which is higher than the prior week’s average of $491,305. However, the average price per square foot declined from $328 to $316, based on data provided by Redfin.
Among the top ten transactions last week, sale prices ranged from $1 million up to nearly $7.7 million.
The highest-priced deal was for unit 205 at Presidential Place located at 800 South Ocean Boulevard in Boca Raton. The property sold for $7.7 million, or $1,617 per square foot, after being listed for 240 days. Senada Adzem with Douglas Elliman managed the listing while Todd Lipsich with Luxury Partners Realty represented the buyer.
Another notable transaction involved unit E1 at 330 Ocean on South Ocean Boulevard in Palm Beach. This unit sold for $3.5 million—equivalent to $1,762 per square foot—after spending 266 days on the market. Patricia Mahaney with Sotheby’s International Realty listed the property; Maria Fanjul-Ryan with Tina Fanjul Associates acted as buyer’s agent.
Other high-value deals included a unit at Jupiter Country Club (242 Tresana Boulevard) that sold for $1.15 million and a unit at 111 First Delray Condo (111 Southeast 1st Avenue) that closed at just over $1 million.
These figures reflect ongoing activity and interest in Palm Beach County’s condominium market as tracked by local real estate professionals and industry data sources.
