According to Attorney Les Evans, Managing Partner of Leslie Evans and Associates, a Palm Beach law firm, “People have no other place as attractive to put their money.” His quarterly Evans report tells the story.
The median price for a single family home, he says, totaled $ 3.375MM in 2Q-2015, up 13.4% from $2.97MM the previous year. The biggest sale in the first six months of 2015 was to hedge fund star Paul Tudor Jones, 1300 South Ocean Boulevard, for $71.2MM. Built in 1923 on 11+ acres, the property has 7 bedrooms, 18 full bathrooms. Previous sale in October 2014 was for $11,520,000.
His popular Evans Report, which details quarterly sales of homes in Palm Beach, shows that the median price for a single-family home totaled $3.375 million in the second quarter, up 13.4 percent from $2.975 million a year earlier. Condos are up 23.1% from $540,000 a year ago to $665,000 in 2Q-2015.
His popular Evans Report, which details quarterly sales of homes in Palm Beach, shows that the median price for a single-family home totaled $3.375 million in the second quarter, up 13.4 percent from $2.975 million a year earlier. Condos are up 23.1% from $540,000 a year ago to $665,000 in 2Q-2015.
Evans compared the S&P 500 Index climbing only 5.2% in the 12 months through June 30, and it plunged 11% from August 17 to August 25, making homes a more stable buy, not being subject to daily fluctuations.
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