$17M Palm Beach townhome tops signed luxury contracts

A Palm Beach townhome that sold for $16.5 million in April topped signed luxury contracts in Palm Beach County last week. Buyers signed 11 contracts between Aug. 18 and Aug. 24 for luxury properties in Palm Beach County, according to a market report from Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total $64.7 million in asking dollar volume and averaged 150 days on the market. That’s down from $117.8 million in asking dollar volume for 18 homes the previous week. The team’s report tracks signed contracts for single-family homes and condos asking $3 million or more […]This article originally appeared on The Real Deal. Click here to read the full story.