Source: Palm Beach Daily —
Even with housing inventory at historic lows, Palm Beach real estate barreled along during the summer, acing a new third-quarter record for sales volume and thrusting yearly totals to a record-setting — and by any measure staggering — $3.3 billion at the end of September.
That was a key takeaway gleaned from the third-quarter sales report prepared by Frisbie Real Estate, the team headed agent Suzanne Frisbie of the Corcoran Group.
Compared to the first nine months of this year, total sales volume for all of 2020 was nearly $1 billion less, clocking in a $2.4 billion, according to Frisbie’s previous reports. In 2019, the annual total was $1.2 billion.
In the third quarter alone, sales of single-family properties, condominiums, cooperative units and vacant land totaled $712 million on the island, the report said.