March, April and May each saw closed sales in excess of $30M, for an amazing quarter overall with total closed sales volume of $98,632,500. That is nearly double the preceding three-month period and a 51% improvement year over year. With ten pending sales, we have forward momentum that will predictably continue this upward trend.
In April two properties on golf front traded – one an original build era house on a small golf front lot (9,779 sq. ft.) for $1,700,000 and the other a Mediterranean built in 1998 that traded for $2,825,000. In March, we saw the sale of a new construction golf front estate at $8,000,000 reflecting the widening gap between new builds and resale properties in Royal Palm.
You may have noticed an increase in the volume of “Just Sold!” postcards in your mail lately … Many neighbors complain about the pesky mailbox-clogging brag sheets but it seems that despite the grumbles, everyone in Royal Palm enjoys to keeping up to date on our local real estate market activity.