Todd & Frances Peter - Marketing Report

Todd & Frances Peter Palm Beach Market Update

GEMINI

15-acre ocean-to-lake estate

Todd & Frances Peter Palm Beach Brokerage

In just a few short years, Todd and Frances Peter have become one of the top sales teams in both Palm Beach and the nation in terms of total sales volume.

Frances Webster Peter has worked on some of the top listings and sales in Palm Beach over the last thirteen years. She began her real estate career in 2005, working closely with Cristina Condon, one of the top agents globally. Prior to joining Sotheby’s International Realty, Todd enjoyed a successful career with Ram Development of Palm Beach Gardens, The Related Group of Florida, and his own commercial and residential real estate brokerage firm. Prior to entering real estate, he spent over three years as an equity trader for Deutsche Bank, honing his negotiating skills which greatly benefit both the buyers and sellers he represents.

As a lifelong resident of Palm Beach, Frances has a thorough understanding of this unique market and all that it has to offer. She possesses the highest respect for the discretion and integrity required by luxury real estate sales and has a deep and abiding commitment to the community. Todd earned a Master’s of Science in Real Estate from the Warrington College of Business at the University of Florida and his Bachelor’s Degree from Vanderbilt University, where he was captain of the varsity men’s tennis team.

Todd and Frances live in Palm Beach with their two children. francesandtodd.com

phone

email

561 281 0031

todd.peter@sothebyshomes.com

phone

email

561 273 6128

frances.peter@sothebyshomes.com

Market Report

Market Snapshot Palm Beach

Single Family Homes

Highlight: ASP vs units Manalapan

$6.0

120

$5.0

100

$4.0

80

$3.0

60

$2.0

40

$1.0

20

$0.0

0

Total Volume 87 % 10 % 3%

Palm Beach West Palm Beach Manalapan

2018

2017

*Price in Millions

2016

Palm Beach

2015

t: ume

2014

West Palm Beach

Average Selling Price vs. Total Units Sold 405.2m $ 47.8m $ 13.5m $

*In Millions

Average Selling Price Total Units Sold

Highlighting Single Family Homes Palm Beach, West Palm Beach,

and Manalapan

Manalapan $14.0 $12.0 $10.0

Highlight: Units Sold

$8.0 $6.0

Highlights: Median Sale Price

West Palm Beach

Palm Beach

$4.0 $2.0

Median Selling Price 5.1m $ 0.7m $ 13.5m $

Palm Beach West Palm Beach Manalapan *In Millions

Manalapan

West Palm Beach

*Price in Millions

Palm Beach

$-

Total Units Sold 52 % 47 % 1%

Palm Beach West Palm Beach Manalapan

51 46 1

at a glance {Q2 | 2018}

palm beach

Single Family Homes

405m

$

Total Sales Volume

9

%

Change of Units Sold {2018 v 2017}

51 Units Sold

7.94m

$

Average Selling Price

SINGLE FAMILY HOMES | Q2 2018

Palm Beach Average Selling Price | Median Selling Price | Units Sold $9

60

$8

50

$7 $6

40

$5

30

$4 $3

20

$2

10

$1 $0

0

2014

2015

2016

2017

2018

*Price in Millions

Average Selling Price Median Selling Price

Total Units Sold

S OT H E BYSH OME S.C OM/PALMB E AC H

Average Median Sold Selling Price Selling Price Volume

Units Sold

-2%

21%

7%

9%

2018

$7,945,623

$5,100,000

$405,226,780 51

2017

$8,072,791

$4,200,000

$379,421,166

2016

$6,985,574

$4,500,000

$230,523,958 33

2015

$5,085,187

$3,495,000

$167,811,175

2014

$5,565,433

$3,275,000

$272,706,234 49

Q2 {2018 v 2017}

Change

47

33

SINGLE FAMILY HOMES | Q2 2018

Manalapan Average Selling Price | Median Selling Price | Units Sold 6

$16 $14

5

$12 4

$10

3

$8 $6

2

$4 1

$2

0

$0

2014

2015

2016

2017

2018

*Price in Millions

Average Selling Price Median Selling Price

Total Units Sold

S OT H E BYSH OME S.C OM/PALMB E AC H

Average Median Sold Selling Price Selling Price Volume

Units Sold

62%

62%

-19%

-50%

2018

$13,500,000

$13,500,000

$13,500,000

1

2017

$8,329,165

$8,329,165

$16,658,333

2

2016

$0

$0

$0

0

2015

$6,689,000

$3,000,000

$33,445,000

5

2014

$8,954,667

$7,914,000

$26,864,000

3

Q2 {2018 v 2017}

Change

at a glance {Q2 | 2018}

manalapan

Single Family Homes

13.5m

$

Total Sales Volume

-50

%

Change of Units Sold {2018 v 2017}

1

Units Sold

13.5m

$

Average Selling Price

at a glance {Q2 | 2018}

west palm beach Single Family Homes

47.8m

$

Total Sales Volume

12

%

Change of Units Sold {2018 v 2017}

46 Units Sold

1

$ m Average Selling Price

SINGLE FAMILY HOMES | Q2 2018

West Palm Beach Average Selling Price | Median Selling Price | Units Sold $1.2

50 45

$1.0

40 35

$0.8

30

$0.6

25 20

$0.4

15 10

$0.2

5

$0.0

0

2014

2015

2016

2017

2018

*Price in Millions

Average Selling Price Median Selling Price

Total Units Sold

S OT H E BYSH OME S.C OM/PALMB E AC H

Average Median Sold Selling Price Selling Price Volume

Units Sold

22%

23%

37%

12%

2018

$1,038,721

$692,500

$47,781,175

46

2017

$849,909

$561,500

$34,846,262

41

2016

$836,544

$453,000

$30,952,110

37

2015

$813,250

$510,000

$37,409,492

46

2014

$761,642

$557,000

$33,512,250

44

Q2 {2018 v 2017}

Change

Market Snapshot Palm Beach

Highlight: ASP vs units

Condominiums

200

$1.20

180 $1.00

West Palm Beach

$0.80

Palm Beach | South End

Palm Beach | In-Town

160

Highlight: Closed Volume

140 120 100

$0.60

80 $0.40

60 40

$0.20

20 0

Total Volume 54 % 26 % 19 %

Palm Beach | In-Town South End West Palm Beach

Average Selling Price vs. Total Units Sold 1.8m $ 7k $ 7k $

*In Thousands

Average Selling Price Total Units Sold

2018

2017

2016

2015

*Price in Millions

2014

$0.00

Highlighting Condominiums

Palm Beach In-Town, Palm Beach South End, and West Palm Beach

$1,400 $1,200 $1,000

West Palm Beach $800

Highlights: Median Sale PricePalm Beach | In-Town

$600

Palm Beach | South End

$400 $200

Median Selling Price $

1.23m $ 482k $ 440k

Palm Beach | In-Town South End West Palm Beach *In Thousands

West Palm Beach

Palm Beach | South End

*Price in Thousands

Palm Beach | In-Town

$-

Total Units Sold 33 % 39 % 28 %

Palm Beach | In-Town South End West Palm Beach

52 62 45

Highligh Units So

at a glance {Q2 | 2018}

palm beach | in-town Condominiums

93m

$

Total Sales Volume

11

%

Change of Units Sold {2018 v 2017}

52 Units Sold

1.79m

$

Average Selling Price

CONDOMINIUMS | Q2 2018

Palm Beach | In-Town Average Selling Price | Median Selling Price | Units Sold $2.0

70

$1.8

60

$1.6 50

$1.4 $1.2

40

$1.0 30

$0.8 $0.6

20

$0.4

10

$0.2 $0.0

0

2014 *Price in Millions

2015

2016

Average Selling Price Median Selling Price

2017

2018

Total Units Sold

S OT H E BYSH OME S.C OM/PALMB E AC H

Average Median Sold Selling Price Selling Price Volume

Units Sold

4%

-6%

15%

11%

2018

$1,787,750

$1,237,500

$92,963,000

52

2017

$1,720,917

$1,312,500

$80,883,138

47

2016

$1,493,376

$850,000

$49,281,439

33

2015

$1,320,429

$1,075,000

$80,546,181

61

2014

$1,366,305

$1,025,000

$57,384,810

42

Q2 {2018 v 2017}

Change

CONDOMINIUMS | Q2 2018

South End Average Selling Price | Median Selling Price | Units Sold $2.0

70

$1.8

60

$1.6 50

$1.4 $1.2

40

$1.0 30

$0.8 $0.6

20

$0.4

10

$0.2 $0.0

0

2014

2015

2016

2017

2018

*Price in Thousands

Average Selling Price Median Selling Price

Total Units Sold

S OT H E BYSH OME S.C OM/PALMB E AC H

Average Median Sold Selling Price Selling Price Volume

Units Sold

5%

-12%

3%

-2%

2018

$725,986

$482,500

$45,011,155

62

2017

$693,416

$550,000

$43,685,261

63

2016

$607,458

$502,000

$40,092,250

66

2015

$639,143

$456,000

$53,048,883

83

2014

$520,094

$350,000

$39,007,100

75

Q2 {2018 v 2017}

Change

at a glance {Q2 | 2018}

south end

Condominiums

45m

$

Total Sales Volume

-2

%

Change of Units Sold {2018 v 2017}

62 Units Sold

725k

$

Average Selling Price

at a glance {Q2 | 2018}

west palm beach Condominiums

33.3m

$

Total Sales Volume

32

%

Change of Units Sold {2018 v 2017}

45 Units Sold

740k

$

Average Selling Price

CONDOMINIUMS | Q2 2018

West Palm Beach Average Selling Price | Median Selling Price | Units Sold $800

50 45

$700

40

$600

35

$500

30 25

$400

20

$300

15

$200

10

$100

5 0

$0

2014

2015

2016

2017

2018

*Price in Thousands

Average Selling Price Median Selling Price

Total Units Sold

S OT H E BYSH OME S.C OM/PALMB E AC H

Average Median Sold Selling Price Selling Price Volume

Units Sold

68%

24%

122%

32%

2018

$740,028

$440,000

$33,301,301

45

2017

$441,250

$355,000

$15,002,500

34

2016

$718,879

$462,275

$22,285,275

31

2015

$611,171

$460,000

$25,058,012

41

2014

$632,520

$407,500

$22,770,750

36

Q2 {2018 v 2017}

Change

Currently Offering

Gemini Manalapan Gemini, a 15-acre ocean-to-lake estate, stands alone in all of the Palm Beaches for its beauty, privacy, amenities and sheer scale.

Offering a remarkable combination of 1,200 ± feet of dune-lined beach on the Atlantic with 1,300 ± feet of frontage on Lake Worth, Gemini is perched atop a dune, with 360-degree views.

A true family compound, the estate offers a 12-bedroom main residence; two four-bedroom beachside cottages; the seven-bedroom Mango House; and a guest or staff house comprising four studios and apartments. In total there are more than 30 bedrooms. The centerpiece main residence offers 62,200 ± square feet with both ocean and lake views.

Gemini offers an array of recreational amenities, including a swimming pool, PGA standard golf area, regulation tennis court, half basketball court, fitness center and spa.

Pathways lead to the beach on the ocean as well as to a dock and pier on the lake for boating and water sports.

The offering of this exclusive enclave affords a once in a generation opportunity to acquire a family compound that simply cannot be replicated.

Offered at $138.8 million GEMINIPALMBEACH.COM

Seminole Beach Direct Oceanfront North Palm Beach Secluded on 1.4 gated acres in Seminole Landing is an estate of understated elegance and Caribbean inspiration. The 25,878-squarefoot residence takes full advantage of its oceanfront location, blurring the lines between indoors and out and allowing for the most pleasurable resortlike lifestyle. The style of British West Indies-with its breezy outdoor spaces and light-filled, view-focused interiorsoffered inspiration and was adapted for relaxed, refined modern living.

The formal living and dining room is subdued and sophisticated, featuring ocean views, a warming fireplace, and disappearing glass walls that allow for effortless indoor-outdoor living.

Elegantly styled and outfitted for culinary pursuits, the kitchen includes an island with a hidden television, a coffee bar, refrigerator drawers, a walk-in pantry, counter seating, and a breakfast area with a beach view. The adjoining family room gives way to an alfresco dining area.

The grounds offer swaths of lush lawn, a swimming pool with a waterslide and a spa, lounge areas with fire pits, a half basketball court, and a putting green. The estate also encompasses a delightful “Cabana House� and a guesthouse that comprises two, two-bedroom apartments. The community offers proximity to the Seminole Golf Club and numerous other championship courses, completing the consummate Florida lifestyle.

Offered at $49.5 million SEMINOLEBEACHROAD.COM

50-Acre Ranch Colony Estate Jupiter

JUPITEREQUESTRIANESTATE.COM

In the desirable gated community of Ranch Colony, this 50-acre estate is one of southern Florida’s most exceptional properties. In addition to a majestic Mediterranean-inspired residence overlooking a private four-acre lake, it features a heated saltwater pool, a guesthouse, currently an eight-stall barn with living quarters, a riding and jumping arena, eight turnout paddocks, three turnout structures, and riding trails winding through cypress and pine trees.

Offered at $17,900,000

North Lake Way Modern Regency Palm Beach

742NLAKEWAY.COM

Completely re-built custom home on one of the highest elevation lots in all of Palm Beach.

This exceptional modern regency home has 4 oversized bedrooms, 4 full baths and 2 half baths, and a total square footage of just over 6,000. Only the highest quality materials and finishes were used to complete this extraordinary home.

Offered at $7.900,000

Brazilian Avenue Townhome Palm Beach

444BRAZILIAN.COM

This elegant townhome is ideally located in close proximity to Worth Avenue, the town docks, the beach, restaurants and shopping. The residence offers the ultimate in privacy with a gated entry and mature landscaping. Built in 1999, the 5,255Âą total square foot townhome has 3 bedrooms, 3 and a half baths, a lap pool and a 2-car garage.

Offered at $5,900,000

Magnificent Waterfront Home West Palm Beach

SOUTHFLAGLERWATERFRONT.COM

Enjoy expansive views of Palm Beach and the intracoastal waterway from this spectacular home on South Flagler Drive. This recently renovated 6 bedroom, 6 bath Bermuda style home has beautiful water views from almost every room. The open living plan is light, bright and airy with beautiful newly refinished hardwood floors and updated fixtures throughout.

Offered at $5.495,000

Waterview Towers West Palm Beach

WATERVIEWTOWERS1703.COM

A complete renovation was just finished on this beautiful two bedroom two bath unit with incredible views of the intracoastal waterway, Palm Beach, and the ocean beyond. Just a short walk or bike ride across the new bridge to Palm Beach and the newly renovated Royal Poinciana Plaza, this fantastic unit has it all. The property is also available fully furnished.

Offered at $1,695,000

Ibis Isle Waterfront Palm Beach SOTHEBYSHOMES.COM/0077672

Fabulous water views and open living space in this direct intracoastal condo in Ibis Isle Palm Beach. This stunning contemporary renovation has 2 bedroom, 2 bathrooms. Top of the line finishes, gourmet kitchen with Miele and Sub Zero appliances, gorgeous built in cabinetry, and a large center island with seating.

Beautiful honed marble floors throughout, and all impact glass doors and windows, including electric window shades/solar screens. All new electric, plumbing, custom lighting, and surround sound system. The apartment comes with two parking spaces, and a designated storage area. This condo is light, bright, and airy and must be seen in person to truly experience. Turnkey and priced to sell.

Offered at $779,000

Select Sales

Todd & Frances’ Recent Sales

NORTH END OCEANFRONT ESTATE

$49.5 million CELINE DION’S OCEANFRONT COMPOUND

$38.5 million NORTH OCEAN BOULEVARD

$15.75 million 300 RIDGEVIEW

$15 million From left to right, top to bottom

Todd & Frances Peter 561 281 0031 | francesandtodd.com PALM BEACH BROKERAGE 340 Royal Poinciana Way, Suite 337, Palm Beach, FL 33480

© MMXVII Sotheby’s International Realty, Inc. All Rights Reserved. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal housing opportunity.