COVID GREAT FOR PALM BEACH COUNTY HOME, CONDO SALES

REPORT SHOWS DRAMATIC INCREASE IN NEW SIGNED CONTRACTS YEAR TO YEAR

WHEN COMPARED TO JULY, 2019, PALM BEACH COUNTY NEW SIGNED CONTRACTS FOR HOMES ARE UP DRAMATICALLY.

BOCA RATON, FL (BocaNewsNow.com) — The COVID-19 pandemic is spectacular for Palm Beach County single family home sales and condo sales. The just-out report by Miller Samuel Real Estate Appraisers and Consultants for DouglasElliman shows a dramatic increase in virtually all price points, year-to-year, when it comes to “new signed contracts.”

New listings are also up for higher priced homes as home sellers apparently try to profit from the increased demand.

“The market is benefiting from the growing inbound migration from higher-taxed U.S. Regions,” states the report.


New Palm Beach County Signed Contacts By Price Point (Single Family Homes).


Under $200k: 70-percent increase July, 2020 vs July, 2019.

$200k-$299k: 55.1-percent increase July, 2020 vs. July, 2019.

$300k-$399k: 64.6-percent increase July, 2020 vs. July, 2019.

$400k-$499k: 140-percent increase July, 2020 vs. July, 2019.

$500k-$599k: 108.7-percent increase July 2020, vs. July, 2019.

$600k-$799k: 139.1-percent increase July, 2020, vs. July, 2019.

$800k-$999k: 123.1-percent increase July, 2020 vs. July, 2019.

$1M and greater: 136.1 percent increase July, 2020 vs. July, 2019.

New Palm Beach County Listings By Price Point (Single Family Homes).

Under $200k: DOWN 11.4-percent July, 2020 vs July, 2019.

$200k-$299k: DOWN 35.3-percent July, 2020 vs July, 2019.

$300k-$399k: DOWN 20.3-percent July, 2020 vs July, 2019.

$400k-$499k: UP 1-percent July, 2020 vs July, 2019.

$500k-$599k: UP 24.4-percent July, 2020 vs July, 2019.

$600k-$799k: UP 16.7-percent July, 2020 vs July, 2019.

$800k-$999k: UP 37.0-percent July, 2020 vs July, 2019.

$1M and greater: UP 49.7-percent July, 2020 vs July, 2019.

Palm Beach County Condo New Signed Contracts

Under $200K: 157-percent increase July, 2020 vs July, 2019.

$200k-$299k: 466.5-percent increase July, 2020 vs July, 2019.

$300k-$399k: 466.7-percent increase July, 2020 vs July, 2019.

$400k-$499k: 366.7-percent increase July, 2020 vs July, 2019.

$500k-$599k: 233.3-percent increase July, 2020 vs July, 2019.

$600k-799k: 160-percent increase July, 2020 vs July, 2019.

$800k-$999k: 166.7-percent increase July, 2020 vs July, 2019.

$1M and greater: 244-percent increase July, 2020 vs July, 2019.


Content copyright © 2020 Metro Desk Media, LLC. All Rights Reserved. Broadcast stations must credit BocaNewsNow.com on air. Print must refer to BocaNewsNow.com. Online must link to BocaNewsNow.com. We have agreements with several organizations. Contact news (at) bocanewsnow.com.

COMMENTING INDICATES YOUR ACCEPTANCE OF OUR POLICIES WHICH YOU CAN READ BY CLICKING “POLICIES” ABOVE.