Evans Report: Palm Beach condo sale prices fall, but homes rise [South Florida]
Single-family homes in Palm Beach continue to be immune from the nationwide downturn in real estate prices.
But even a Palm Beach address isn’t protection enough against the deflating value of condominiums.
That’s according to the Evans Report, a closely watched real estate study by local attorney and developer Leslie Evans.
The median price of a single-family home sold in Palm Beach during the period was $4.3 million. That is a 9 percent leap over prices during the first six months of 2007, according to the report.