Kate Hinsche
Reporter at The Real Deal
not your favorite twitter follow | reporting for @trdmiami | @columbiajourn '22 | @colgateuniv '20 | former EIC @maroonnews
Articles
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2 days ago |
therealdeal.com | Kate Hinsche
A buyer linked to Microsoft is assembling a sprawling portfolio of Palm Beach properties, in a series of deals that will likely total more than $350 million, sources told The Real Deal. Billionaire Charles Simonyi, the early Microsoft employee credited with creating Word and Excel, is likely the buyer, sources confirmed to TRD. The Wall Street Journal first reported that Simonyi is one of the rumored buyers, as well as former Microsoft CEO Steve Ballmer or co-founder Bill Gates.
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3 days ago |
therealdeal.com | Kate Hinsche |Adam Farence
It was a busy week for brokers in Palm Beach County’s condo market, with sales and dollar volume soaring. All but one of the top 10 closings this week were units at Alina Residences in Boca Raton. Brokers closed 155 condo sales totaling $239 million from June 14 to June 22. The previous week, brokers closed 92 condo sales totaling $55 million. Last week’s units sold for an average of $1,542,036, higher than the $598,087 average price from the previous week.
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3 days ago |
therealdeal.com | Kate Hinsche
South Florida’s residential sales and dollar volume plunged in May, continuing a monthslong market slowdown. Dollar volume for Miami-Dade, Broward and Palm Beach counties dipped to $5.6 billion, down from $6.1 billion in May of last year, according to Multiple Listing Service data collected by the Miami Association of Realtors. Miami-Dade County’s single-family homes were the only category to show price growth, with median prices falling or flatlining elsewhere.
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4 days ago |
therealdeal.com | Kate Hinsche
Palm Beach County saw an uptick in signed contracts for luxury homes last week. Buyers signed 12 contracts between June 16 and June 22 for luxury properties in Palm Beach County, according to a market report authored by Douglas Elliman’s Eklund-Gomes team. Last week’s contracts reached $73.6 million in asking volume, and averaged 89 days on market. That’s up from nine signed contracts totaling $51.4 million in asking volume the previous week.
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4 days ago |
therealdeal.com | Kate Hinsche |Adam Farence
Miami-Dade County’s condo sales and dollar volume surged in the third week of June, bucking the market’s traditionally slower summer pace. Brokers closed 135 condo sales totaling $122 million from June 13 to June 21. The previous week, brokers closed 89 condo sales totaling $67.7 million. Last week’s units sold for an average of $903,964, higher than the $760,808 average price from the previous week. The average price per square foot rose to $580 from $547, according to data from Redfin.
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