Residents of the Town of Palm Beach joke that you never realize how young you are, or how poor, until you visit Palm Beach. Barron’s PENTA magazine ranks the Town of Palm Beach at 15th in their 20 Best Places For Second Homes article this March.
Brokers tell PENTA that houses not moving tend to have poor layouts or generally need work or are often sandwiched by developments or neighbors in bankruptcy or foreclosure. No fixer-uppers, thank you. The theme these days is “location, quality/condition, location.”
Town of Palm Beach
Median Price 2010: $2.7 million
Median Price 2011: $2.58 million