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March Recap

In an effort to bring you the most up to date information regarding our local real estate market, we will be posting monthly recaps covering everything from team news to county-wide statistics. See below for our monthly snapshot!

March wrapped up the first quarter of 2021 that, so far, has been full of record-breaking listings and sales. The local real estate market in Palm Beach County has continued to strengthen, garnering national attention from various publications such as The Wall Street Journal and Forbes. As younger snowbirds and year-round residents continue to flock to Palm Beach County, big-name firms, trendy restaurants and retailers have followed with new outposts in the Sunshine State.

In February, we touched on Rosemary Square, the new mixed-use development in West Palm Beach. According to The Palm Beach Post, the project is set to start welcoming tenants in the second quarter. The article mentions that Goldman Sachs has narrowed their search for office space to the area. 

In Boca Raton, various new tenants are set to move into Mizner Park in 2021 with Egg New York, a children's boutique, the most recent to open its doors. According to sources, a prominent eatery is eyeing retail space in Palmetto Promenade for its next location.

Overall, home prices for Palm Beach County hit a record high in February as demand in the area soars.

The Pam & Toni Team's New Listings for March

  • 8060 Twin Lake Drive located in Long Lake Estates. This 5 bedroom, 6.5 bathroom home hit the market at $1,995,000. This property is under contract after receiving multiple offers after just one day on the market.
  • 455 E Palmetto Park Rd, Unit 7W located in 5 Palms. This 3 bedroom, 3.5 bathroom was originally asking $1,049,000. This property went under contract before ever hitting the market.
  • 12330 Cascades Pointe Drive located in Boca Falls. This 4 bedroom, 3 bathroom home is asking $799,900.
  • 5665 NE Trieste Way located in Trieste. This 4 bedroom, 3.5 bathroom townhome is asking $765,000.
  • 7031 NW 3rd Avenue located in one of East Boca Raton's few gated neighborhoods, Boca Lake Estates. This 3 bedroom, 2 bathroom home is asking $575,000.
The Pam & Toni Team's Pending Contracts for March
 
In March, the Pam & Toni Team added over $15.2M to current pending contracts. April is set to be a record-breaking month for our team with over $18.7M set to close throughout the month. We can't wait to share more details upon closing!
 
The Pam & Toni Team's Closings for March

  • 300 Captains Walk, Unit 111 a condo in East Delray's Captain's Walk neighborhood sold for $540,000
  • 5585 NE Trieste Way a townhome located in Trieste in East Boca Raton sold for $660,000
  • 7841 Afton Villa a single-family home located in Boca Grove sold for $715,000
  • 80 Venetian Drive, Unit S100 a condo in East Delray Beach sold for $385,000
  • 2200 S Ocean Blvd, Unit 1003 a condo located in Coastal House sold for $497,500
  • 234 Pelican Way a single-family home located in Pelican Harbor sold for $675,000

We hope you found this information both helpful and insightful. In the spirit of continuous improvement, contact us here if we missed something. We are looking forward to hearing from you!

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