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
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!