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Okeechobee Times

Sunday, November 17, 2024

South Bay home prices rise in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in South Bay rose by $55,000 while total sales remained unchanged with nine homes sold, according to BlockShopper.com.

From January through June of 2020, there were nine homes sold, with a median sale price of $115,000 - a 91.7% increase over the $60,000 median sale price for the same period of the previous year. There were nine homes sold in South Bay in the first half of 2019, as well.

The median sales tax in South Bay for the most recent year with available data, 2018, was $966, approximately 0.8% of the median home sale price for the first half of 2020.

The following table compares South Bay to other Palm Beach County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Greenacres419450-6.9%$172,000$159,5007.8%
Palm Springs154198-22.2%$163,500$150,0009%
Delray Beach (unincorporated)1,0551,122-6%$145,000$135,0007.4%
West Palm Beach (unincorporated)1,0471,134-7.7%$142,500$134,6505.8%
West Boca3343-23.3%$136,510$125,0009.2%
South Bay990%$115,000$60,00091.7%
Mangonia Park58-37.5%$96,000$64,00050%
Belle Glade2941-29.3%$80,000$103,000-22.3%
Pahokee241471.4%$70,000$42,60064.3%
Uninc-33403/Lake Park36-50%$66,000$47,00040.4%
Uninc-33409/West Palm Beach South46-33.3%$65,000$157,500-58.7%

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