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Boroughs & Burbs 106 || Prestigious Palm Beach
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🎙️ Get ready for an insightful episode of Boroughs & Burbs, Episode 106, as we dive into the captivating world of Palm Beach, Florida. Joining us are esteemed realtors Johnny Wilson, Christopher Leavitt and Whitney McGurk, alongside Palm Beach property manager Tony Mauro.
Palm Beach boasts a real estate market that commands attention, with a median listing home price of $2.8 million and a median listing home price per square foot of $1,700. The market is sizzling with 266 homes for sale and 425 for rent.
We'll explore the dynamics of this prestigious market, raising questions such as:
Is the ultra-luxury market in Palm Beach still robust, or is it showing signs of a slowdown?
With stars like Messi and Brady flocking to Miami, is Miami beginning to challenge Palm Beach's allure?
To what extent are hedge funds responsible for the frenzied market activity in Palm Beach?
How is the concept of "season" evolving in Palm Beach, and when does it typically start?
Are foreign buyers still a significant factor in Palm Beach, or has their influence waned?
The issue of uninsurable properties in Florida is making waves. How is this impacting the luxury market?
Steve Ross's notable acquisitions in commercial property—what's driving this trend, and is commercial property keeping pace with the residential sector?
Seasonality presents unique challenges for property managers in the luxury market. What are they facing?
We'll also explore the changing demographics of buyers and where they're originating from.
Don't miss Episode 106 of Boroughs & Burbs, where we unravel the nuances of Palm Beach's real estate landscape and tackle these compelling questions with our distinguished guests. Tune in and gain valuable insights into one of Florida's most coveted markets.
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