Palm Beach Market UpdateFourth Quarter 2015

PALM BEACH BROKERAGE340 Royal Poinciana WayPalm Beach, FL 33480+1.561.659.3555VICE PRESIDENT/BROKER MANAGER: Debra Reece sothebyshomes.com/palmbeach

Palm Beach, FL | web: 0076834

SIGNIFICANT SALES | Q4 2015

A MESSAGE FROM OUR MANAGER: Debra ReeceWe are pleased to share the following statistics with you regarding the Palm Beach area. These statistics were gathered from the Palm Beach Multiple Listing Service and the data contained in this report shows the comparisons of Q4 2015 versus Q4 2014 as well as overall sales that took place for the full years 2015 versus 2014. Overall, the report shows that the Palm Beach area enjoyed a robust real estate market in 2015.

Almost all areas as shown in this Market Report had material price increases in both average sale price and median sale price in the fourth quarter of 2015 as compared to the same quarter of 2014. Palm Beach proper had a 50% increase in the average sale price of single-family homes and a 33% increase in the median sale price. The average sale price of Palm Beach In-Town condominiums

increased by 5%, the South End enjoyed an increase in the average sale price of 13% and the median price of 9%. In-Town condominiums saw a reduction in the the median price for the full year 2015 versus full year 2014 increased by 8%.

In the fourth quarter of 2015, West Palm Beach saw material increases in both the average sale price and the median price of condominiums, 26% and 9%, respectively. While the average sale price of single-family homes decreased by 10% and the median price also saw a small decrease of 3%.

The sale of condominiums was very strong and all areas had material increases in the number of units sold during the entire year 2015 compared to 2014. Specifically, 2015 compared to 2014 showed the following with respect to total units sold: Palm Beach In-Town +21%, Palm Beach South End +18% and West Palm Beach +24%.

MIZNER OCEANFRONTWeb ID: 0075653 | Listed $22,000,000

STUNNING PALM BEACH TOWNHOUSEWeb ID: 0076586 | Listed $6,800,000

IN-TOWN OCEANFRONTWeb ID: 0076761 | Listed $5,500,000

PRISTINE PENDLETON AVENUEWeb ID: 0076600 | Listed $4,700,000

All data within this document is pulled from the Palm Beach Board of Realtors Multiple Listings Service. Information is believed to be true; no guaranty of accuracy is made. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.

FEATURED LISTINGS

JUPITER EQUESTRIAN ESTATE| $19,900,000 | Web: 0076580Situated on 50 acres of land in the gated community of Ranch Colony in Jupiter, Florida, the YZ Ranch is one of the most fantastic equestrian properties in all of South Florida. The main house consists of 5 bedrooms, 5 full baths, and 3 half baths overlooking a beautiful four acre private lake and a fully equipped eight stall stable. The main house is complete with a heated saltwater pool, a chef’s kitchen, a 1.000-bottle wine room, a safe room, a ground floor master, and an observation lounge and terrace with incredible views of the property. All three structures, the main house, guest house, and barn with living quarters were built to exceed Miami/Dade hurricane specifications with impact glass, roll-up hurricane shutters and reinforced rebar concrete roofs, walls, and floors, and multiple generators. In addition to the eight stall stable, the equestrian facilities include a riding and jumping arena, eight turnout paddocks, and beautiful riding trails that wind through cypress and pine trees and pass by the internationally acclaimed Dye Preserve Golf Course on the western boundary of the property. Ranch Colony is surrounded by over 20,000 acres of nature preserves with plenty of access to riding trails, parks, and community trails for horseback riding enthusiasts.

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SALES SINGLE FAMILY HOME

ACTIVELISTINGS

NUMBERSOLD

SOLDVOLUME

AVG. SALEPRICE

MEDIAN SALESPRICE DOM *

2015 FOURTH QUARTER 155 18 $134,422,131 $7,467,896 $5,400,000 270

2014 FOURTH QUARTER 148 23 $114,924,000 $4,996,696 $4,050,000 181

2015 QUARTERS 1-4 130 101 $548,137,587 $5,427,105 $4,200,000 255

2014 QUARTERS 1-4 323 312 $757,893,501 $5,829,950 $3,475,000 206

PALM BEACH

ACTIVELISTINGS

NUMBERSOLD

SOLDVOLUME

AVG. SALEPRICE

MEDIAN SALESPRICE DOM *

2015 FOURTH QUARTER 165 35 $22,799,800 $651,423 $485,000 168

2014 FOURTH QUARTER 210 39 $28,348,500 $726,885 $500,000 158

2015 QUARTERS 1-4 408 160 $115,516,983 $721,981 $462,000 154

2014 QUARTERS 1-4 445 167 $134,138,050 $803,222 $557,500 178

WEST PALM BEACH

*Days On Market

ACTIVELISTINGS

NUMBERSOLD

SOLDVOLUME

AVG. SALEPRICE

MEDIAN SALESPRICE DOM *

2015 FOURTH QUARTER 14 0 $0 $0 $0 0

2014 FOURTH QUARTER 26 2 $2,942,005 $1,471,002 $1,471,002 63

2015 QUARTERS 1-4 33 12 $107,178,226 $8,931,519 $4,150,313 253

2014 QUARTERS 1-4 47 14 $62,913,475 $4,993,820 $2,564,752 220

MANALAPAN

SALESCONDOMINIUM

ACTIVELISTINGS

NUMBERSOLD

SOLDVOLUME

AVG. SALEPRICE

MEDIAN SALESPRICE DOM *

2015 FOURTH QUARTER 148 26 $39,758,809 $1,529,184 $738,750 201

2014 FOURTH QUARTER 170 18 $26,161,850 $1,453,436 $999,625 221

2015 QUARTERS 1-4 337 143 $197,786,990 $1,383,125 $900,000 197

2014 QUARTERS 1-4 343 118 $142,679,760 $1,209,150 $837,500 236

PALM BEACH - IN TOWN

ACTIVELISTINGS

NUMBERSOLD

SOLDVOLUME

AVG. SALEPRICE

MEDIAN SALESPRICE DOM *

2015 FOURTH QUARTER 262 39 $20,583,650 $527,785 $350,000 216

2014 FOURTH QUARTER 308 42 $19,632,999 $467,452 $322,000 315

2015 QUARTERS 1-4 603 232 $148,344,383 $639,415 $382,500 191

2014 QUARTERS 1-4 658 197 $103,970,474 $527,768 $310,000 225

PALM BEACH - SOUTH END

*Days On Market

ACTIVELISTINGS

NUMBERSOLD

SOLDVOLUME

AVG. SALEPRICE

MEDIAN SALESPRICE DOM *

2015 FOURTH QUARTER 174 26 $14,074,400 $541,323 $390,000 165

2014 FOURTH QUARTER 179 20 $8,580,500 $429,025 $357,500 214

2015 QUARTERS 1-4 399 126 $76,714,612 $608,846 $432,500 171

2014 QUARTERS 1-4 361 102 $56,556,750 $554,477 $380,250 182

WEST PALM BEACH

ELEGANT NORTH END RESIDENCENorthend, Palm BeachWeb ID: 0076826 | $6,600,000

IN-TOWN NEW CONSTRUCTIONIn-Town, Palm BeachWeb ID: 0076836 | $4,800,000

GRACIOUS BERMUDA IN THE ESTATE SECTIONEstate Section, Palm BeachWeb ID: 0076788 | $4,395,000

FEATURED LISTINGS

PARC REGENTIn-Town, Palm Beach

Web ID: 0076822 | $5,750,000

WONDERFUL OCEAN VIEWSIn-Town, Palm Beach

Web ID: 0076777 | $1,650,000

WATERVIEW TOWERSWest Palm Beach

Web ID: 0076676 | $925,000

FEATURED LISTINGS

left to right from top to bottom:

METROPOLITAN MARKETS

NEW YORK, NY | Web: 00110344 | $3,300,000

HOUSTON, TX | Web: 1240638 | $3,595,000

LOS ANGELES, CA | Web: 0355516 | $3,295,000

RESORT MARKETS

MALIBU, CA | Web: 1300085 | $3,650,000

SAG HARBOR, NY | Web: 0046914 | $3,650,000

SANTA BARBARA, CA | Web: 0593005 | $3,750,000

FOREIGN MARKETS

GERMANY | Web: YYRWLR | $3,584,619

ITALY | Web: EJTHMF | $3,475,994

ISRAEL | Web: FZMR3K | $3,857,132

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ON THE MARKET