Riviera Beach home prices fall in May 2019

Riviera Beach home prices fall in May 2019
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The median sale price of a home sold in May 2019 in Riviera Beach fell by $28,000 while total sales decreased by 4.4%, according to BlockShopper.com.

In May 2019, there were 87 homes sold, with a median sale price of $167,000 – a 14.4% decrease over the $195,000 median sale price for the same period of the previous year. There were 91 homes sold in Riviera Beach in May 2018.

The median sales tax in Riviera Beach for the most recent year with available data, 2014, was $2,071, approximately 1.2% of the median home sale price for May 2019.

The following table compares Riviera Beach to other Palm Beach County cities with similar median sales prices in May 2019:

City May 2019 Home Sales May 2018 Home Sales % change (Total Home Sales) May 2019 Median Sales Price May 2018 Median Sales Price % change (Median Sales Price)
West Palm Beach 295 243 21.4% $197,700 $195,000 1.4%
Sandalfoot Cove CDP 62 28 121.4% $194,000 $206,450 -6%
Boynton Beach 221 203 8.9% $190,000 $193,000 -1.6%
Royal Palm Beach (unincorporated) 46 46 0% $185,257.12 $181,500 2.1%
Haverhill 3 4 -25% $175,000 $260,500 -32.8%
Riviera Beach 87 91 -4.4% $167,000 $195,000 -14.4%
Greenacres 92 97 -5.2% $166,700 $162,000 2.9%
Hypoluxo 13 16 -18.8% $161,500 $172,500 -6.4%
Palm Springs 40 38 5.3% $157,000 $142,050 10.5%
Belle Glade 7 7 0% $135,000 $110,000 22.7%
West Boca 6 3 100% $135,000 $103,000 31.1%


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