The prices for mansions in Florida’s Palm beach hit high in the second quarter. According to brokers, the demand is high because of the movement of private equity chiefs, wealth hedge funders, and other finances from New York. In the second quarter, only 25 mansions are left for sale.
According to Dougals Elliman and Miller Samuel, the prices for a single-family home have experienced a rise of 38% from last year. The average price for a single-family home is $11.7 million in the second quarter. The price-per-square-foot of the homes in Palm Beach is $1,500, which is close to the price of Manhattan amounting to $1,545.