Palm Beach real estate sales set records in second quarter, reports show
Staggering real estate sales in Palm Beach totaled as much as $2.7 billion in the first half of the year, according to new quarterly sales reports issued by agencies that do business on the island.
Overall sales of single-family properties, condominiums and co-operative units during April, May and June topped $1.5 billion, setting a new quarterly sales record, according to the report prepared by the Corcoran Group.
Those second-quarter figures followed first-quarter numbers that were also extraordinary. January, February and March saw overall sales hit $1.2 million, said The Corcoran Report, which analyzes sales reported in the multiple listing service as well as off-market deals recorded at the Palm Beach County Courthouse.
Some of the other second-quarter reports looked only at MLS data, so apples-to-apples comparisons are difficult.