According to the The Evans Report, compiled by Palm Beach real estate attorney Leslie Evans, single family home sales in Town are up.  In the report, Evans analyzes closing documents filed in Palm Beach County as well as private sales not recorded by the MLS.

Also included in the report is that average and median prices are up for the most part, and sales totaled more than $1 billion, an increase of $124 million.  Single-family home prices are up by $618,369; median sales prices are up by $400,000, and the total sales for single-family homes came to $725.75 million.

According to many players in the Palm Beach real estate market, prices on the Island are not dropping, which goes against the negative market trends in other parts of the country. In 2007, there were 93 single-family home sales in 2007 and 83 in 2006 – a 12 percent increase. The increase in sales price was also 12 percent for that time period.

Another Palm Beach broker points out that there were 7 sales in the month of December and 11 in January, information he gathered from the Palm Beach MLS.  Although this data is not a concrete indicator, since not all of the contracts have officially closed, he is confident that a high number of pending sales is still good news for the market.