Top Home Sales Prices for 2019 – Featured Palm Beach County Towns & Cities

Residential real estate in Palm Beach County experienced another outstanding year during 2019.  Although home sales across all price points were strong, the luxury home market was one of the biggest beneficiaries of price appreciation.

The following is a summary of the five highest priced home sales for featured Palm Beach County area towns and cities and is based on information obtained from the local Multiple Listing Service (MLS). 

Data for each area is based on that provided by the listing real estate agent and while deemed reliable, it is not always 100% accurate. In addition, there may be home sales that occurred during the year there were conducted outside of the MLS service; those individual homes sales will be shown in our analysis below.

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Mirasol – Real Estate Market Update for Year End 2019

Mirasol is one of the finest golf and country club communities in Palm Beach Gardens and throughout the northern Palm Beaches. Due to the high overall quality of the community and the popularity of the club, home sales have remained strong over the past several years.  As a whole, Mirasol has a fairly wide range of price points starting from around $400,000’s and exceeding $4 million.  

Over the past five years the housing market in Mirasol has continued to strengthen with respect to price appreciation. This was due to increasing buyer demand, limited inventory levels and historically low interest rates. Similar to that experienced across most luxury home communities in 2019, home sellers in Mirasol were able to take advantage of the strong market as median prices increased by more than 10% year-over-year.  It should be noted, however, that the number of individual home sales declined from 2018 by more than 18%.

Overall how did the real estate market in Mirasol perform in 2019?  Continue reading to learn more.

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PGA National – Real Estate Market Update for Year End 2019

PGA National is one of the more mature golf and country club communities in Palm Beach Gardens and throughout the northern Palm Beaches.  As a result, inventory turnover is lower than other communities in the area which leads to greater overall market stability.

During the past five years the housing market in PGA National has continued to improve with strong sales trends and home appreciation across virtually all price points. This was due to increasing buyer demand, limited inventory levels and historically low interest rates.  As a result, home sellers were able to take advantage of the strong market as priced continued to rise.

How did the real estate market in PGA National perform in 2019?  Continue reading to learn more.

PGA National Real Estate Market – Results for 2019

According to data provided by the local Multiple Listing Service (MLS), there were 368 individual home sales in PGA National for the year 2019 representing a combined sale value of more than $140 million.  

The 2019 results were an improvement over what was experienced in 2018 with 346 individual home sales representing a combined sale value of approximately $129 million.

To put the results for 2018 and 2019 in prospective, there were 172 homes that sold in PGA National during 2010 with a combined sale value of approximately $50.5 million.  Therefore, the market activity has virtually doubled during the decade with respect to both the number of sales as well as the overall volume.

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