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Wishing you all the Joy and Wonder of
the Season...
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2007 Endings: |
Bucking the
national trend, Palm Beach real
estate held its ground in
2007. Quoting from the Evans Report
statistics below show a steady overall
increase in selling prices with
residential transaction ahead of last
year:
Residences
- Single Family Sales
1-9/2006 1-9/2007
No. of Sales
111 114
Median
$3,070,000 $3,814.375
Avg. Sales Price $4,562,737
$5,241,978
15-20MM
4 7
10-15MM
9 7
5-10MM 16
29
2.5-5MM
37 39
below 2.5MM
37 32
Condominium Unit Sales
1-9/2006 1-9/2007
No. of
Sales
125 117
Median
$950,000 $980,000
Avg. Sales
Price $1,344,724
$1,457,028
South of
Sloans Curve
No. of Sales
81 78
Median
$525,000 $610,000
Avg. Sales Price $741,106
$787,692
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2008 Beginnings
As Calendar year 2007 come to a close,
Fourth Quarter 2007 performance points
to continued sales activity* with Season
2008 promising to be stronger than
2007.
*15 ADDITIONAL SALES
Pictured below, Jean Ellen prepares for
showing here with assistant Otilia
Herput and Palm Beacher Butch Trucks.
Selected as one
of her favorites, this Mediterannean
residence, in the background has a
prime in town location on the ocean
block. Six bdrms/6bath with 1st
floor master; the flexible floor
plan lends itself to superb
indoor/outdoor living of approx 5500
total sq. feet. It's priced to sell
at $4,195,000 well below the
Island's Average Sale Price!!
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Keeping Up With My Husband... |
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Most of you know
Gerry is Innkeeper of Century House on
Nantucket Island. In August Martha
Stewart Producer called "out of the
blue" requesting his presence on her
Talk Show! Jean Ellen's only request -
"Plug the Corcoran Group Palm
Beach" - and sure enough he
did!!
Listen to his words of hospitality
wisdom and Corcoran pitch here: INTERVIEW
ON MARTHA STEWART LIVE RADIO SHOW
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HIDDEN TREASURES
"Four Arts
Gardens"
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Season 2007 saw the re-opening of
the Hulitar Gardens affiliated with
the
Society of the Four Arts-a
masterful transformation of
landscape with pavillions, specialty
gardens, intimate sitting areas and
walking paths. The land, originally
acquired in 1965 for the Society
through the efforts of its loyal
suporters, had at one time been
considered by the Publix Markets to
site its
Palm Beach location!
Exquisitely executed, a visit to
this metamorphosis of paradise
located within the complex of the
Four Arts (bound by the
Intracoastal, Royal Palm Way,
Coconut Row and Seaview Avenue) is a
must for all Palm Beachers.
Originally
established in 1936 by the ladies of
Palm Beach who felt a dirth
of cultural opportunities on the
Island, The Society of Four Arts
original two story building was
constructed to house the Island's
only public library on the second
floor; with the first floor reserved
for social efforts, dances,
lectures, art exhibitions etc.
Today, the building is dedicated to
library functions and the
surrounding other buildings acquired
over the years to remaining four
arts.
(can you name them?)
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JEAN ELLEN'S
FAVORITES |
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Pictured above, this issue features a
2 bdrm/2 bath split plan
condominium with an ideal intown location on
the Intracoastal. Perfect for the Seasonal
Resident or Year Round as well. The
building boasts the friendliest
concierge/maintenance services along with
idyllic waterfront pool and cabana and the
added benefit of a dock space for sale,
periodically. Better yet, it is one of the
few pet friendly buildings in the area. An
updated oasis with inviting intracoastal
views from the balcony, the property has
been meticulously maintained with light,
bright
Palm Beach décor & panache.
Priced to sell at under a million dollars!
OTHER FAVORITES INCLUDE:
200 Via Linda
- near North End on a Quiet Street. Totally
renovated 3/3 "move in" condition. Priced at
$3,195,000 furnished (and Jean Ellen watched
the transformation follow her sale of the
property in 2005 to the current owner).
Clive's Cove Condominium -
a total area of 2,798 square feet renovated
by renown designer David Rollins - spacious
2 BR+den with private stair to pool.
Lakefront cabana - featured cover story in
Grandeur Magazine - asked at $999K!
 And
of course her favorite pied a terre in town
rental, a 1/1 with balcony, flowing with
charm, pristine and spotless. $1475/mo.
annual.
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