Palm Beach Waterfront
32 Sales · $296K Median

MARKET OVERVIEW

Palm Beach County's waterfront market showed modest activity in December with 32 closed sales and a median sold price of $296,000, while 200 properties remained actively listed at a median asking price of $1.3 million, indicating a significant gap between seller expectations and transaction values. The market's 6.3-month supply and 90.8% list-to-sale ratio suggest balanced conditions with moderate pricing pressure, as properties averaged 51 days on market before closing. The disparity between median asking and median sold prices warrants monitoring to determine whether December's sales reflect clearance of lower-priced inventory or a broader compression in price realization across the waterfront segment.