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MARKET UPDATE | Q4 2013 PALM BEACH, FL NOTABLE LISTING | PALM BEACH, FL

Although the Greater Palm Beach real estate market experienced varied results during the fourth quarter, I am pleased to report that the year ended on a positive note. In 2013, sold volume surpassed the prior year in almost every market except In Town condominiums. According to the Palm Beach MLS, Palm Beach Single-family home sales volume rose only slightly quarter over quarter. Year over year results were very strong with sales volume up 73 percent and number of the sales up 46 percent. In Town Condominium sales volume was down both in the quarter and for the year. The South End condo market had the strongest results in the condominium sector with a 32 percent gain quarter over quarter and 30 percent gain year over year.

Offered at $32,000,000 | 6 Bedrooms | 9 Baths | 2 Half Baths | WEB: 0076186

NOTABLE SALE | PALM BEACH, FL

The West Palm single-family home sector was robust in 2013 with sold volume increasing 47 percent quarter over quarter and 69 percent year over year. Condominium sales volume fell in the last quarter, but rose 45 percent for the year. Even with no sales of single family homes in Manalapan during the fourth quarter, 2013 still outperformed last year. Sold volume increased 28 percent year over year and units sold rose 83 percent.

PALM BEACH BROKERAGE 340 Royal Poinciana Plaza, Suite 337 Palm Beach, Florida 33480 Carol Hickman Vice President, Brokerage Manager t: 561.659.3555 carol.hickman@sothebyshomes.com

Offered at $34,900,000 | 7 Bedrooms | 8 Baths | 5 Half Baths | WEB: 0075170


SALES

SINGLE FAMILY HOME

PALM BEACH ACTIVE LISTINGS

NUMBER SOLD

SOLD VOLUME

AVG. SALE PRICE

MEDIAN SALES PRICE

DOM *

Fourth Quarter 2013

160

27

$112,049,800

$4,149,993

$2,375,000

257

Fourth Quarter 2012

223

26

$107,300,050

$4,126,925

$2,775,000

294

Quarters 1-4 2013

377

155

$644,451,706

$4,157,753

$2,400,000

282

Quarters 1-4 2012

420

106

$371,446,778

$3,504,215

$2,360,000

258

ACTIVE LISTINGS

NUMBER SOLD

SOLD VOLUME

AVG. SALE PRICE

MEDIAN SALES PRICE

DOM *

Fourth Quarter 2012

185 180

41 35

$24,857,300 $16,801,750

$606,276 $480,050

$385,000 $370,000

143 162

Quarters 1-4 2013

398

170

$100,609,212

$591,819

$410,000

152

Quarters 1-4 2012

396

126

$59,432,250

$471,685

$350,000

169

ACTIVE LISTINGS

NUMBER SOLD

SOLD VOLUME

AVG. SALE PRICE

MEDIAN SALES PRICE

DOM *

Fourth Quarter 2013

26

0

0

0

0

0

Fourth Quarter 2012

37

3

$27,430,000

$9,143,333

$6,800,000

227

Quarters 1-4 2013

54

11

$49,711,100

$4,519,191

$1,800,000

255

Quarters 1-4 2012

55

6

$38,730,000

$6,455,000

$5,500,000

287

PRICE RANGE

WEST PALM BEACH PRICE RANGE Fourth Quarter 2013

MANALAPAN PRICE RANGE

* - Days on The Market

Source: Palm Beach Board of Realtors Multiple Listings Service. Information is believed to be true; no guaranty of accuracy is made

CURRENT LISTINGS BY PRICE RANGE: SFH OVER $1M

Palm Beach Bungalow 4 br, 3 ba Web ID: 0076105

UP TO $3M

North County Road 4 br, 4 ba Web ID: 0076169

OVER $5M

Stunning Townhome 4 br, 5.5 ba Web ID: 0076258

OVER $7M

Charming Estate Section 5 br, 7.5 ba Web ID: 0076206

OVER $10M

Mediterranean Beauty 5 br, 8.5 ba Web ID: 0076240

PALM BEACH BROKERAGE | 340 Royal Poinciana Way, Suite 337, Palm Beach, FL 33480 | sothebyshomes.com/palmbeach


SALES

CONDOMINIUM PALM BEACH - IN TOWN ACTIVE LISTINGS

NUMBER SOLD

SOLD VOLUME

AVG. SALE PRICE

MEDIAN SALES PRICE

DOM *

Fourth Quarter 2013

184

32

$31,103,000

$971,969

$667,500

319

Fourth Quarter 2012

223

37

$47,396,925

$1,280,998

$660,000

418

Quarters 1-4 2013

374

122

$133,517,295

$1,094,404

$680,000

258

Quarters 1-4 2012

427

123

$137,630,619

$1,118,948

$720,000

299

ACTIVE LISTINGS

NUMBER SOLD

SOLD VOLUME

AVG. SALE PRICE

MEDIAN SALES PRICE

DOM *

Fourth Quarter 2013

388

35

$18,481,400

$528,040

$365,000

179

Fourth Quarter 2012

384

34

$14,044,575

$413,075

$316,500

184

Quarters 1-4 2013

792

214

$102,436,300

$478,674

$355,000

196

Quarters 1-4 2012

796

186

$78,621,375

$422,696

$312,500

205

ACTIVE LISTINGS

NUMBER SOLD

SOLD VOLUME

AVG. SALE PRICE

MEDIAN SALES PRICE

DOM *

Fourth Quarter 2013

159

10

$4,568,050

$456,805

$275,275

138

Fourth Quarter 2012

163

24

$9,853,160

$410,548

$332,680

218

Quarters 1-4 2013

308

112

$57,686,294

$515,056

$342,500

233

Quarters 1-4 2012

342

87

$39,900,361

$458,625

$310,000

240

PRICE RANGE

PALM BEACH - SOUTH END PRICE RANGE

WEST PALM BEACH PRICE RANGE

* - Days on The Market

Source: Palm Beach Board of Realtors Multiple Listings Service. Information is believed to be true; no guaranty of accuracy is made

CURRENT LISTINGS BY PRICE RANGE: CONDO UP TO $1M

Trump Plaza 2 br, 2 ba Web ID: 0076117

OVER $1M

Direct Oceanfront 2 br, 2.5 ba Web ID: 0076225

OVER $1M

Beautifully Renovated 3 br, 2 ba Web ID: 0076256

OVER $3M

Extraordinary Penthouse 2 br, 2.5 ba Web ID: 0076225

OVER $3M

Trump Plaza Penthouse 4 br, 4.5 ba Web ID: 0076197


ON THE MARKET FEATURED PROPERTY

LISTINGS AROUND THE WORLD IN THIS PRICE RANGE

PALM BEACH, FL

IN METROPOLITAN MARKETS

HOUSTON, SUGAR LAND

NEW YORK

LOS ANGELES

5 br / 5 ba / 2 hf ba $4,950,000

3 br / 2 ba / 1 hf ba $5,350,000

6 br / 9 ba $5,800,000

SANTA FE

PALM BEACH

VENTURA

5 br / 5 ba / 2 hf ba $4,800,000

3 br / 4 ba / 1 hf ba $4,700,000

5 br / 4 ba $5,195,000

SOUTH AFRICA

PUERTO RICO

AUSTRALIA

6 br / 6 ba $5,186,242

5 br / 5 ba / 2 hf ba $4,400,000

5 br / 4 ba / 1 hf ba Price Upon Request

IN RESORT MARKETS

Price: $9,975,000 Web: 0076242 Important Mediterranean home on a 25,000 square foot lot in the private enclave of Phipps Estates Palm Beach. No detail has been overlooked in this 5 bedroom 9 bath home built new in 2000. Beautifully proportioned living room and dining room with seating for 20. There is a classically elegant wood paneled library fit for a general. The large paneled family/media room has a pub style bar and a wine cellar for any collector.

IN FOREIGN MARKETS

AT SOTHEBY’S AUCTION

SOTHEBYS.COM

All the rooms open to lovely loggias and gardens overlooking the pool with beautiful coquina patios and marble fountains. There is a summer kitchen and bar in the loggia with pool bath.

SONGYE “FOUR HORN” COMMUNITY POWER FIGURE The Collection of Allan Stone 15 November, 2013 Estimate: $600,000-$900,000

THE PINK STAR Rare English & European Magnificent Jewels 13 November, 2013 Sold: $84,730,214.30


Palm Beach Market Update Q4 2013