West Palm Luxury Home Sales Jump 43 Percent

Palm Beach County luxury home sales rose significantly over the summer with a median price reaching $4.52 million. An influx of financial firms and affluent younger residents continues to drive robust real estate demand across the metropolitan area.

A house in the El Cid neighborhood, which was originally listed at $5.79 million, is set to close by Oct. 9 for well above asking price, according to Realtor Greg Forest.

Luxury home sales in the West Palm Beach metropolitan area rose 43.9% year over year during the summer months, fueled by an influx of wealth to United States financial hubs.

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