F
1 Q AREA 3
4
19
21
SINGLE FAMILY & TOWNHOMES
5
- 20
CONDOS
9
1 Q
40
AM
2
AVERAGE PRICE
E SALES HOM BY ILY A
SING LE
ROPERTY TYP E-
A RE
ES
P BY
01
MORE PROPERTY DETAILS AT THEPOHRERGROUP.COM
SA L
THE POHRER PORTFOL I O
10
AREA 2
AREA 1
Per Square Foot
Q1-2019 & CURRENT ACTIVES Area 1 Q1-2019 Solds
$1,047
Area 1 Q1-2019 Actives
$1,363
Area 2 Q1-2019 Solds
$1,134
Area 2 Q1-2019 Actives
$1,201
Area 3 Q1-2019 Solds
$1,265
Area 3 Q1-2019 Actives
$1,900
Area 1: Wells Road & North Area 2: Worth Avenue North to Wells Road Area 3: South of Worth Avenue to Sloan’s Curve
PALM BEACH
THE FLOW
Q1 - 2019
BROUGHT TO YOU BY GARY POHRER 1071 N OCEAN BLVD $59,900,000
Single Family & Townhome Activity Wells Rd & North (Area 1)
1071 North Ocean Boulevard | $59,900,000
JUST SOLD
341 Garden Road | $7,495,000
200 Esplanade Way | Exclusive Offering: $4,950,000
Contact us today for a private and no obligation review of your property’s value.
GARY POHRER Senior Director of Luxury Sales M: 561.262.0856 | gary.pohrer@elliman.com
elliman.com/florida
1111 LINCOLN RD, MIAMI BEACH, FL 33139. 305.695.6300 © 2018 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.
Q1-2019
Q4-2018
Q3-2018
Q2-2018
Q1-2018
Number of Sales
10
5
8
35
17
AVG Sold Price per SF
$1,047
$1,086
$967
$952
$1,180
Median Sold Price per SF
$988
$968
$936
$901
$949
AVG Sale Price
$5,173,680
$4,380,700
$3,820,312
$5,626,866
$8,133,213
Median Sale Price
$4,175,000
$4,050,000
$3,525,000
$4,850,000
$4,212,000
AVG % of List Price Paid
91.73%
89.24%
90.74%
86.90%
84.09%
Median % of List Price Paid
94.72%
90.89%
90.385%
88.14%
84.69%
AVG Cumulative Days on Market
193
267
279
307
267
Worth Ave North to Wells Rd (Area 2) Q1-2019
Q4-2018
Q3-2018
Q2-2018
Q1-2018
Number of Sales
6
5
9
13
12
AVG Sold Price per SF
$1,074
$906
$987
$967
$963
Median Sold Price per SF
$1,014
$1,094
$819
$856
$863
AVG Sale Price
$4,097,483
$4,593,000
$4,454,111
$3,815,124
$3,859,416
Median Sale Price
$4,117,451.70
$4,250,000
$3,640,000
$3,400,000
$3,509,000
AVG % of List Price Paid
93.61%
85.33%
87.74%
86.7%
88.98%
Median % of List Price Paid
93.015%
86.12%
91.09%
86.98%
89.495%
AVG Cumulative Days on Market
352
213
393
238
365
South of Worth Avenue to Sloan’s Curve (Area 3) Q1-2019
Q4-2018
Q3-2018
Q2-2018
Q1-2018
Number of Sales
5
3
5
9
6
AVG Sold Price per SF
$1,265
$1,237
$1,781
$1,440
$1,298
Median Sold Price per SF
$1,164
$1,097
$1,935
$1,431
$1,094
AVG Sale Price
$8,723,585
$11,420,000
$15,250,585
$20,302,516
$11,188,666
Median Sale Price
$7,100,000
$8,200,000
$10,750,000
$18,250,000
$10,300,000
AVG % of List Price Paid
88.34%
95.64%
82.69%
79.45%
90.77%
Median % of List Price Paid
87.26%
98.99%
77.90%
81.25%
91.985%
AVG Cumulative Days on Market
134
134
479
463
293
Complete data analysis done using the Palm Beach Board MLS. Search date 04/01/2019 for all sold transactions recorded in sections: 01 (Wells Rd & North), 02 (Worth Ave North to Wells Rd), & 03 (South of Worth Ave to Sloans Curve).
RANKED #1 DOUGLAS ELLIMAN REALTOR IN PALM BEACH FOR SALES VOLUME (2017 & 2018) RANKED #2 DOUGLAS ELLIMAN REALTOR IN FLORIDA FOR SALES VOLUME (2018)
F
1 Q AREA 3
4
19
21
SINGLE FAMILY & TOWNHOMES
5
- 20
CONDOS
9
1 Q
40
AM
2
AVERAGE PRICE
E SALES HOM BY ILY A
SING LE
ROPERTY TYP E-
A RE
ES
P BY
01
MORE PROPERTY DETAILS AT THEPOHRERGROUP.COM
SA L
THE POHRER PORTFOL I O
10
AREA 2
AREA 1
Per Square Foot
Q1-2019 & CURRENT ACTIVES Area 1 Q1-2019 Solds
$1,047
Area 1 Q1-2019 Actives
$1,363
Area 2 Q1-2019 Solds
$1,134
Area 2 Q1-2019 Actives
$1,201
Area 3 Q1-2019 Solds
$1,265
Area 3 Q1-2019 Actives
$1,900
Area 1: Wells Road & North Area 2: Worth Avenue North to Wells Road Area 3: South of Worth Avenue to Sloan’s Curve
PALM BEACH
THE FLOW
Q1 - 2019
BROUGHT TO YOU BY GARY POHRER 1071 N OCEAN BLVD $59,900,000
Single Family & Townhome Activity Wells Rd & North (Area 1)
1071 North Ocean Boulevard | $59,900,000
JUST SOLD
341 Garden Road | $7,495,000
200 Esplanade Way | Exclusive Offering: $4,950,000
Contact us today for a private and no obligation review of your property’s value.
GARY POHRER Senior Director of Luxury Sales M: 561.262.0856 | gary.pohrer@elliman.com
elliman.com/florida
1111 LINCOLN RD, MIAMI BEACH, FL 33139. 305.695.6300 © 2018 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.
Q1-2019
Q4-2018
Q3-2018
Q2-2018
Q1-2018
Number of Sales
10
5
8
35
17
AVG Sold Price per SF
$1,047
$1,086
$967
$952
$1,180
Median Sold Price per SF
$988
$968
$936
$901
$949
AVG Sale Price
$5,173,680
$4,380,700
$3,820,312
$5,626,866
$8,133,213
Median Sale Price
$4,175,000
$4,050,000
$3,525,000
$4,850,000
$4,212,000
AVG % of List Price Paid
91.73%
89.24%
90.74%
86.90%
84.09%
Median % of List Price Paid
94.72%
90.89%
90.385%
88.14%
84.69%
AVG Cumulative Days on Market
193
267
279
307
267
Worth Ave North to Wells Rd (Area 2) Q1-2019
Q4-2018
Q3-2018
Q2-2018
Q1-2018
Number of Sales
6
5
9
13
12
AVG Sold Price per SF
$1,074
$906
$987
$967
$963
Median Sold Price per SF
$1,014
$1,094
$819
$856
$863
AVG Sale Price
$4,097,483
$4,593,000
$4,454,111
$3,815,124
$3,859,416
Median Sale Price
$4,117,451.70
$4,250,000
$3,640,000
$3,400,000
$3,509,000
AVG % of List Price Paid
93.61%
85.33%
87.74%
86.7%
88.98%
Median % of List Price Paid
93.015%
86.12%
91.09%
86.98%
89.495%
AVG Cumulative Days on Market
352
213
393
238
365
South of Worth Avenue to Sloan’s Curve (Area 3) Q1-2019
Q4-2018
Q3-2018
Q2-2018
Q1-2018
Number of Sales
5
3
5
9
6
AVG Sold Price per SF
$1,265
$1,237
$1,781
$1,440
$1,298
Median Sold Price per SF
$1,164
$1,097
$1,935
$1,431
$1,094
AVG Sale Price
$8,723,585
$11,420,000
$15,250,585
$20,302,516
$11,188,666
Median Sale Price
$7,100,000
$8,200,000
$10,750,000
$18,250,000
$10,300,000
AVG % of List Price Paid
88.34%
95.64%
82.69%
79.45%
90.77%
Median % of List Price Paid
87.26%
98.99%
77.90%
81.25%
91.985%
AVG Cumulative Days on Market
134
134
479
463
293
Complete data analysis done using the Palm Beach Board MLS. Search date 04/01/2019 for all sold transactions recorded in sections: 01 (Wells Rd & North), 02 (Worth Ave North to Wells Rd), & 03 (South of Worth Ave to Sloans Curve).
RANKED #1 DOUGLAS ELLIMAN REALTOR IN PALM BEACH FOR SALES VOLUME (2017 & 2018) RANKED #2 DOUGLAS ELLIMAN REALTOR IN FLORIDA FOR SALES VOLUME (2018)
F
1 Q AREA 3
4
19
21
SINGLE FAMILY & TOWNHOMES
5
- 20
CONDOS
9
1 Q
40
AM
2
AVERAGE PRICE
E SALES HOM BY ILY A
SING LE
ROPERTY TYP E-
A RE
ES
P BY
01
MORE PROPERTY DETAILS AT THEPOHRERGROUP.COM
SA L
THE POHRER PORTFOL I O
10
AREA 2
AREA 1
Per Square Foot
Q1-2019 & CURRENT ACTIVES Area 1 Q1-2019 Solds
$1,047
Area 1 Q1-2019 Actives
$1,363
Area 2 Q1-2019 Solds
$1,134
Area 2 Q1-2019 Actives
$1,201
Area 3 Q1-2019 Solds
$1,265
Area 3 Q1-2019 Actives
$1,900
Area 1: Wells Road & North Area 2: Worth Avenue North to Wells Road Area 3: South of Worth Avenue to Sloan’s Curve
PALM BEACH
THE FLOW
Q1 - 2019
BROUGHT TO YOU BY GARY POHRER 1071 N OCEAN BLVD $59,900,000
Single Family & Townhome Activity Wells Rd & North (Area 1)
1071 North Ocean Boulevard | $59,900,000
JUST SOLD
341 Garden Road | $7,495,000
200 Esplanade Way | Exclusive Offering: $4,950,000
Contact us today for a private and no obligation review of your property’s value.
GARY POHRER Senior Director of Luxury Sales M: 561.262.0856 | gary.pohrer@elliman.com
elliman.com/florida
1111 LINCOLN RD, MIAMI BEACH, FL 33139. 305.695.6300 © 2018 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.
Q1-2019
Q4-2018
Q3-2018
Q2-2018
Q1-2018
Number of Sales
10
5
8
35
17
AVG Sold Price per SF
$1,047
$1,086
$967
$952
$1,180
Median Sold Price per SF
$988
$968
$936
$901
$949
AVG Sale Price
$5,173,680
$4,380,700
$3,820,312
$5,626,866
$8,133,213
Median Sale Price
$4,175,000
$4,050,000
$3,525,000
$4,850,000
$4,212,000
AVG % of List Price Paid
91.73%
89.24%
90.74%
86.90%
84.09%
Median % of List Price Paid
94.72%
90.89%
90.385%
88.14%
84.69%
AVG Cumulative Days on Market
193
267
279
307
267
Worth Ave North to Wells Rd (Area 2) Q1-2019
Q4-2018
Q3-2018
Q2-2018
Q1-2018
Number of Sales
6
5
9
13
12
AVG Sold Price per SF
$1,074
$906
$987
$967
$963
Median Sold Price per SF
$1,014
$1,094
$819
$856
$863
AVG Sale Price
$4,097,483
$4,593,000
$4,454,111
$3,815,124
$3,859,416
Median Sale Price
$4,117,451.70
$4,250,000
$3,640,000
$3,400,000
$3,509,000
AVG % of List Price Paid
93.61%
85.33%
87.74%
86.7%
88.98%
Median % of List Price Paid
93.015%
86.12%
91.09%
86.98%
89.495%
AVG Cumulative Days on Market
352
213
393
238
365
South of Worth Avenue to Sloan’s Curve (Area 3) Q1-2019
Q4-2018
Q3-2018
Q2-2018
Q1-2018
Number of Sales
5
3
5
9
6
AVG Sold Price per SF
$1,265
$1,237
$1,781
$1,440
$1,298
Median Sold Price per SF
$1,164
$1,097
$1,935
$1,431
$1,094
AVG Sale Price
$8,723,585
$11,420,000
$15,250,585
$20,302,516
$11,188,666
Median Sale Price
$7,100,000
$8,200,000
$10,750,000
$18,250,000
$10,300,000
AVG % of List Price Paid
88.34%
95.64%
82.69%
79.45%
90.77%
Median % of List Price Paid
87.26%
98.99%
77.90%
81.25%
91.985%
AVG Cumulative Days on Market
134
134
479
463
293
Complete data analysis done using the Palm Beach Board MLS. Search date 04/01/2019 for all sold transactions recorded in sections: 01 (Wells Rd & North), 02 (Worth Ave North to Wells Rd), & 03 (South of Worth Ave to Sloans Curve).
RANKED #1 DOUGLAS ELLIMAN REALTOR IN PALM BEACH FOR SALES VOLUME (2017 & 2018) RANKED #2 DOUGLAS ELLIMAN REALTOR IN FLORIDA FOR SALES VOLUME (2018)
1st Quarter 2019 Recap Welcome to the Pohrer Groups latest report “The Flow.” Over the last 16 years, we have prided ourselves on noticing specific trends
THE POHRER PORTFOL I O
The Pohrer Group 2019 Activity Area
Client
Offering Price
272 Tradewind Drive
Area 1
Seller
$4,500,000
100 Royal Palm Way E-2
Area 2
Buyer
$3,350,000
100 Royal Palm Way PH-2
Area 2
Buyer
$5,995,000
224 Belmonte Road
West Palm Beach
Buyer
$2,495,000
of state to Florida due to lower tax rates. These are just a few of the many benefits of the Palm Beach market. To find out more and
274 Orange Grove Road
Area 1
Seller
$2,950,000
take advantage of these benefits, I’d love to speak with your directly and answer any questions you may have. I hope you and your
400 N Flagler Drive PH-C6
West Palm Beach
Buyer & Seller
$2,250,000
400 N Flagler Drive 1706
West Palm Beach
Buyer & Seller
$1,775,000
269 Everglade Avenue
Area 2
Buyer
$2,975,000
439 Worth Avenue
Area 2
Buyer
$13,439,000
200 Esplanade Way
Area 1
Seller
$4,950,000
La Clara 901
West Palm Beach
Buyer
PENDING
The Bristol 5A
West Palm Beach
Buyer
PENDING
The Bristol 17D
West Palm Beach
Buyer
PENDING
310 Atlantic Avenue
Area 2
Buyer
PENDING
within the market to determine the flow of buyers and sellers, pricing and inventory. The condo category continues to drive the Palm Beach market. This quarter was the highest first-quarter in 4 years for condo sales. I’m proud to represent the highest recorded “In-
MORE PROPERTY DETAILS AT THEPOHRERGROUP.COM
Town” condo sale two quarters in a row: Q1-2019 100 Royal Palm Way PH-2 and Q4-2018 200 Bradley Place 205.
PENDING
The number of single-family home sales are lower this quarter than year-over-year due to limited inventory in the three distinctive areas of Palm Beach. One of the most attractive things about our market is that we continually find buyers who want to move from out
neighbors enjoy our report. We look forward to meeting you soon!
Highest and Lowest Sale Prices Highest Sale Price Q1-2019
Address
Area
Price
Single Family
608 Island Drive
Area 2
$15,480,428.40
Condo
100 Royal Palm Way PH-2
Area 2
$5,247,500
Lowest Sale Price Q1-2019
Address
Area
Price
Single Family
149 Root Trail
Area 2
$1,500,000
Condo
235 Sunrise Avenue 2207
Area 2
$185,000
Active Properties
710 North County Road | $5,600,000
389 Eagle Drive, Admiral’s Cove | $4,495,000
JUST LISTED
Palm Beach Condo Activity
Number of Residential Sales by Absolute Dollar Amount Below $2,099,999
$2,100,000 - $3,099,999 100 Royal Palm Way C-1 & C-2 | $4,250,000
Area 1
Area 2
Area 3
97
177
60
$3,100,000 - $4,099,999
JUST JUSTREDUCED SOLD
3550 S Ocean Boulevard PH-E | $3,700,000
Q4-2018
Q3-2018
Q2-2018
Q1-2018
Number of Sales
40
21
13
50
42
AVG Sold Price per SF
$882
$768
$723
$848
$839
Median Sold Price per SF
$764
$631
$642
$768
$748
AVG Sale Price
$1,526,254
$1,116,476
$763,038
$1,802,870
$1,621,373
Median Sale Price
$876,894.20
$825,000
$757,500
$1,237,500
$1,112,500
AVG % of List Price Paid
91.32%
92.72%
92.58%
87.93%
90.59%
Median % of List Price Paid
91.05%
94.65%
94.95%
90.01%
92.125%
AVG Cumulative Days on Market
218
194
272
255
237
JUST SOLD
Sales-to-List-Price
$4,100,000 - $5,099,999
89.00%
89.36%
JUST SOLD
274 Orange Grove Road | Exclusive Offering: $2,950,000
91.06%
236 Pendleton Avenue | $2,995,000
87.51%
*Includes Single Family, Townhome, Condo and Land
Above $7,100,000
81.88%
2
82.84%
Area 3
20
82.42%
Area 2
10
85.29%
$6,100,000 - $7,099,999
92.69%
All Residential
$5,100,000 - $6,099,999
Area 1
Single Family Homes 91.49%
Under Contract
Q1-2019
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
By Price Point
1 1 8 11
Q1-2019
$15M+ $10M TO
$15M $5M TO
$10M UNDER $5M
4 4 5 22
Q1-2018
1st Quarter 2019 Recap Welcome to the Pohrer Groups latest report “The Flow.” Over the last 16 years, we have prided ourselves on noticing specific trends
THE POHRER PORTFOL I O
The Pohrer Group 2019 Activity Area
Client
Offering Price
272 Tradewind Drive
Area 1
Seller
$4,500,000
100 Royal Palm Way E-2
Area 2
Buyer
$3,350,000
100 Royal Palm Way PH-2
Area 2
Buyer
$5,995,000
224 Belmonte Road
West Palm Beach
Buyer
$2,495,000
of state to Florida due to lower tax rates. These are just a few of the many benefits of the Palm Beach market. To find out more and
274 Orange Grove Road
Area 1
Seller
$2,950,000
take advantage of these benefits, I’d love to speak with your directly and answer any questions you may have. I hope you and your
400 N Flagler Drive PH-C6
West Palm Beach
Buyer & Seller
$2,250,000
400 N Flagler Drive 1706
West Palm Beach
Buyer & Seller
$1,775,000
269 Everglade Avenue
Area 2
Buyer
$2,975,000
439 Worth Avenue
Area 2
Buyer
$13,439,000
200 Esplanade Way
Area 1
Seller
$4,950,000
La Clara 901
West Palm Beach
Buyer
PENDING
The Bristol 5A
West Palm Beach
Buyer
PENDING
The Bristol 17D
West Palm Beach
Buyer
PENDING
310 Atlantic Avenue
Area 2
Buyer
PENDING
within the market to determine the flow of buyers and sellers, pricing and inventory. The condo category continues to drive the Palm Beach market. This quarter was the highest first-quarter in 4 years for condo sales. I’m proud to represent the highest recorded “In-
MORE PROPERTY DETAILS AT THEPOHRERGROUP.COM
Town” condo sale two quarters in a row: Q1-2019 100 Royal Palm Way PH-2 and Q4-2018 200 Bradley Place 205.
PENDING
The number of single-family home sales are lower this quarter than year-over-year due to limited inventory in the three distinctive areas of Palm Beach. One of the most attractive things about our market is that we continually find buyers who want to move from out
neighbors enjoy our report. We look forward to meeting you soon!
Highest and Lowest Sale Prices Highest Sale Price Q1-2019
Address
Area
Price
Single Family
608 Island Drive
Area 2
$15,480,428.40
Condo
100 Royal Palm Way PH-2
Area 2
$5,247,500
Lowest Sale Price Q1-2019
Address
Area
Price
Single Family
149 Root Trail
Area 2
$1,500,000
Condo
235 Sunrise Avenue 2207
Area 2
$185,000
Active Properties
710 North County Road | $5,600,000
389 Eagle Drive, Admiral’s Cove | $4,495,000
JUST LISTED
Palm Beach Condo Activity
Number of Residential Sales by Absolute Dollar Amount Below $2,099,999
$2,100,000 - $3,099,999 100 Royal Palm Way C-1 & C-2 | $4,250,000
Area 1
Area 2
Area 3
97
177
60
$3,100,000 - $4,099,999
JUST JUSTREDUCED SOLD
3550 S Ocean Boulevard PH-E | $3,700,000
Q4-2018
Q3-2018
Q2-2018
Q1-2018
Number of Sales
40
21
13
50
42
AVG Sold Price per SF
$882
$768
$723
$848
$839
Median Sold Price per SF
$764
$631
$642
$768
$748
AVG Sale Price
$1,526,254
$1,116,476
$763,038
$1,802,870
$1,621,373
Median Sale Price
$876,894.20
$825,000
$757,500
$1,237,500
$1,112,500
AVG % of List Price Paid
91.32%
92.72%
92.58%
87.93%
90.59%
Median % of List Price Paid
91.05%
94.65%
94.95%
90.01%
92.125%
AVG Cumulative Days on Market
218
194
272
255
237
JUST SOLD
Sales-to-List-Price
$4,100,000 - $5,099,999
89.00%
89.36%
JUST SOLD
274 Orange Grove Road | Exclusive Offering: $2,950,000
91.06%
236 Pendleton Avenue | $2,995,000
87.51%
*Includes Single Family, Townhome, Condo and Land
Above $7,100,000
81.88%
2
82.84%
Area 3
20
82.42%
Area 2
10
85.29%
$6,100,000 - $7,099,999
92.69%
All Residential
$5,100,000 - $6,099,999
Area 1
Single Family Homes 91.49%
Under Contract
Q1-2019
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
By Price Point
1 1 8 11
Q1-2019
$15M+ $10M TO
$15M $5M TO
$10M UNDER $5M
4 4 5 22
Q1-2018
1st Quarter 2019 Recap Welcome to the Pohrer Groups latest report “The Flow.” Over the last 16 years, we have prided ourselves on noticing specific trends
THE POHRER PORTFOL I O
The Pohrer Group 2019 Activity Area
Client
Offering Price
272 Tradewind Drive
Area 1
Seller
$4,500,000
100 Royal Palm Way E-2
Area 2
Buyer
$3,350,000
100 Royal Palm Way PH-2
Area 2
Buyer
$5,995,000
224 Belmonte Road
West Palm Beach
Buyer
$2,495,000
of state to Florida due to lower tax rates. These are just a few of the many benefits of the Palm Beach market. To find out more and
274 Orange Grove Road
Area 1
Seller
$2,950,000
take advantage of these benefits, I’d love to speak with your directly and answer any questions you may have. I hope you and your
400 N Flagler Drive PH-C6
West Palm Beach
Buyer & Seller
$2,250,000
400 N Flagler Drive 1706
West Palm Beach
Buyer & Seller
$1,775,000
269 Everglade Avenue
Area 2
Buyer
$2,975,000
439 Worth Avenue
Area 2
Buyer
$13,439,000
200 Esplanade Way
Area 1
Seller
$4,950,000
La Clara 901
West Palm Beach
Buyer
PENDING
The Bristol 5A
West Palm Beach
Buyer
PENDING
The Bristol 17D
West Palm Beach
Buyer
PENDING
310 Atlantic Avenue
Area 2
Buyer
PENDING
within the market to determine the flow of buyers and sellers, pricing and inventory. The condo category continues to drive the Palm Beach market. This quarter was the highest first-quarter in 4 years for condo sales. I’m proud to represent the highest recorded “In-
MORE PROPERTY DETAILS AT THEPOHRERGROUP.COM
Town” condo sale two quarters in a row: Q1-2019 100 Royal Palm Way PH-2 and Q4-2018 200 Bradley Place 205.
PENDING
The number of single-family home sales are lower this quarter than year-over-year due to limited inventory in the three distinctive areas of Palm Beach. One of the most attractive things about our market is that we continually find buyers who want to move from out
neighbors enjoy our report. We look forward to meeting you soon!
Highest and Lowest Sale Prices Highest Sale Price Q1-2019
Address
Area
Price
Single Family
608 Island Drive
Area 2
$15,480,428.40
Condo
100 Royal Palm Way PH-2
Area 2
$5,247,500
Lowest Sale Price Q1-2019
Address
Area
Price
Single Family
149 Root Trail
Area 2
$1,500,000
Condo
235 Sunrise Avenue 2207
Area 2
$185,000
Active Properties
710 North County Road | $5,600,000
389 Eagle Drive, Admiral’s Cove | $4,495,000
JUST LISTED
Palm Beach Condo Activity
Number of Residential Sales by Absolute Dollar Amount Below $2,099,999
$2,100,000 - $3,099,999 100 Royal Palm Way C-1 & C-2 | $4,250,000
Area 1
Area 2
Area 3
97
177
60
$3,100,000 - $4,099,999
JUST JUSTREDUCED SOLD
3550 S Ocean Boulevard PH-E | $3,700,000
Q4-2018
Q3-2018
Q2-2018
Q1-2018
Number of Sales
40
21
13
50
42
AVG Sold Price per SF
$882
$768
$723
$848
$839
Median Sold Price per SF
$764
$631
$642
$768
$748
AVG Sale Price
$1,526,254
$1,116,476
$763,038
$1,802,870
$1,621,373
Median Sale Price
$876,894.20
$825,000
$757,500
$1,237,500
$1,112,500
AVG % of List Price Paid
91.32%
92.72%
92.58%
87.93%
90.59%
Median % of List Price Paid
91.05%
94.65%
94.95%
90.01%
92.125%
AVG Cumulative Days on Market
218
194
272
255
237
JUST SOLD
Sales-to-List-Price
$4,100,000 - $5,099,999
89.00%
89.36%
JUST SOLD
274 Orange Grove Road | Exclusive Offering: $2,950,000
91.06%
236 Pendleton Avenue | $2,995,000
87.51%
*Includes Single Family, Townhome, Condo and Land
Above $7,100,000
81.88%
2
82.84%
Area 3
20
82.42%
Area 2
10
85.29%
$6,100,000 - $7,099,999
92.69%
All Residential
$5,100,000 - $6,099,999
Area 1
Single Family Homes 91.49%
Under Contract
Q1-2019
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
By Price Point
1 1 8 11
Q1-2019
$15M+ $10M TO
$15M $5M TO
$10M UNDER $5M
4 4 5 22
Q1-2018