IN-TOWN

Single Family Homes

Nestled between Worth Avenue and Wells Road lies the energetic center of Palm Beach Island, In-Town. Packed with shops, secluded beaches, and five-star restaurants, this hub of culture and leisure lures residents with a flair for cosmopolitan life.

Q4 Summary: Single Family Homes: In-Town

In-Town transaction volume was down -70% YOY in Q4 2022, the sixth consecutive quarter that saw a decline in transaction volume.

Total sales value was also down -44% YOY at $48M in Q4 2022, compared to $87M in Q4 2021. Total sales value was up $10M QOQ from Q3 2022.

In-Town PPSF: Home Size was up +82% YOY, and PPSF: Lot Size was up +51%.

Most Recent In-Town Sales

NOTE: Reporting in this section does not break out waterfront versus non-waterfront properties, as there are limited waterfront sales in this area. In most years, zero waterfront homes sold.

Single Family Homes Transactions: In-Town

2022 closed out the year with a total of 28 single family home transactions. This was -55% to -68% below the transaction volume we saw in 2020 and 2021 respectively, but flat-to-below pre-2020 levels of In-Town transactions.

Single Family Homes Price Per Square Foot

PPSF: Home Size was up +71% YOY, with waterfront increasing +32% YOY ($4,161 to $5,496), and non-waterfront growing +71% YOY ($1,916 to $3,267).

HED: Single Family Homes Total Sales Value

Total sales value on In-Town sales was just above $358M in 2022. This represented a -24% decline from 2021 total sales value.

Single Family Home Average Sale Price ($)

Average sale price was up +68% YOY from $7.6M (2021) to $12.8M (2022).