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Palm Beach Is Still in Season | City Journal city-journal.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from city-journal.org Daily Mail and Mail on Sunday newspapers.
Print Just weeks after lawyer Amy Bahl and her husband sold their Palm Beach home for $7.3 million, the Florida house was back on the market in December for $8.2 million. Meanwhile, the Bahls and their three children moved to a house they purchased across the Intracoastal Waterway in West Palm Beach, where they’ll stay while they build a new place on a waterfront lot in North Palm Beach. “We’d been talking about it for two to three years, but this market encouraged us to go ahead and list it,” Bahl said. So goes the Palm Beach real estate market, pandemic and all. ....
Palm Beach s real estate market remains hot in the pandemic, as wealthy New Yorkers flee to Florida and Wall Street firms expand operations in Florida. Anyone with money is fleeing New York and coming here, Guy Clark, an agent with Douglas Elliman Real Estate, told Bloomberg on Tuesday. It s a seller s market like I ve never experienced. Palm Beach sales of ultra-luxury homes of more than $20 million doubled in 2020 from the year before, up to 20 from 10 in 2019. Luxury home sales of more than $1 million were up 167 percent in November from the year before, according to the MIAMI Association of Realtors. ....