The average home price in Palm Beach, Florida, was more than $7 million during the third quarter, according to a report from Douglas Elliman and Miller Samuel.
"It may be the hottest real estate market in the world right now," said Jay Phillip Parker, CEO of Douglas Elliman's Florida brokerage. "You just can't find homes to buy there now." The inventory of homes for sale on the island fell by 79% in the third quarter compared with a year ago, according to the report. There is now less than a five-month supply.
In Miami, luxury home prices surged 42% in the quarter, with the average sale price hitting $2.8 million. Average home prices in Ft. Lauderdale increased 16%, and they were up 11% in Boca Raton.
Big mistake. Climatologists predict Palm Beach will be underwater by 2015. Enjoy swimming!
Everyone is leaving blue states for red states. Thats the article translation. Dont vote blue of you like your own money
If you are a republican fish! 🙈🙈🙈 ClimateChange Sealevel Flooding Hurricanes
Gross.
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Pretentious Douchebags
Good. Let them all drown when the seas rise because of the rich's refusal to help mankind fight climate change.
They better hope that the next monster Hurricane season doesn't choose Florida's East Coast.
The 1% are thriving amongst this detrimental pandemic.
Yeah super rich getting out of high tax high regulated New York! I'd leave too idiots like DEBLASIO and CUOMO!
The international media BBC, CNN, Bloomberg and the others are shameful ignoring the Hunter Biden emails. Doggy you are.
Time to sell...now..big slide down is coming...
Florida has normally seen a influx of 55K people from North East per month. Palm Beach County the largest recipient of over 15K. That number is up over 20% in last 4 months. New housing can’t keep up. I don’t see any slow down.
Yeah, because the billionaires have a constant cash flow from their tax cuts & are feeding off the rest of us instead of investing in the future of this country.
Come! But DONT VOTE DEMOCRAT! Keep that shit in NY
it's all over Florida - sales are thru the roof lowtaxes
He made the ultra rich, richer while the rest of us worry about our future VoteBidenHarrisToSaveAmerica
But global warming
Must be nice being rich...
good
The beach in the picture isn’t Palm Beach.... that is Boynton Beach, I recognize “OUR” beach when I see it 😉
I don’t like the smell in palm beach
CrookedJoeBiden
It's only a matter of time before Florida decides to tax them, so loading them all into one place will make it easier for appraisers to go door-to-door.... The state won't be full of corrupt Republicans forever....
Because people are running from high tax states like NY and California!
that's good. when trumps creditors seize it, they will got some money back.
BackAftaThis if only mike could still tell us he has a house in palm beach
Ich glaub ich mach Sonntag einen Zwischenstop.
That is a political narrative There are many liberal Billionaires there also You imply only conservative billionaires there
You mean hottest money laundering haven
For every buyer there is a seller.
will be under water in a generation.
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Source: CNBC - 🏆 12. / 72 Read more »