Wednesday, February 25, 2009

Palm Beach market finally back to earth during the 4th Q of 2008

Palm Beach home prices - sales fall in 4th quarter

February 2009

After defying gravity for years, the Palm Beach mansion market finally back to earth during 4th quarter of 2008.


The Palm Beach condo market also slowed in 2008.
The number of sales fell, a 20 percent drop from 2007.

This isn’t the first sign that things have cooled in the once resilient mansion market.
The mansion at 756 Slope Trail sold this month for $5.96 million after being marketed for as much as $12 million.

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