Real Estate in Palm Beach Going Strong
By Mary Damiano
Brokers on the luxe island of Palm Beach are bullish on the outlook of their real estate market.
Palm Beach real estate agents cite several reasons for their optimism, including retiring baby boomers with more discretionary income than past generations, the fact that interest rates remain relatively low, the allure of the Palm Beach lifestyle attracts buyers of all ages, and so far, the hurricane season has been uneventful.
Also, real estate in Palm Beach tends to fall into the luxury home category, which most analysts agree remains profitable in almost all circumstances.
Indeed, the country’s second most expensive home is for sale in Palm Beach. The house is owned by—who else?—Donald Trump; its asking price is $125 million. Renovations on the house were completed recently, overseen by Kendra Todd, one of the winners from Trump’s NBC series “The Apprentice.”
While the Donald had hoped to set a new record in real estate prices, he was trumped by the $135 million price tag of a home in Aspen, Colorado.
To see the many homes for sale in Palm Beach, visit Expert Realty.
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