Ocean Ridge home prices fall in October 2020

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The median sale price of a home sold in October 2020 in Ocean Ridge fell by $1,229,950 while total sales increased by 166.7%, according to BlockShopper.com.

In October 2020, there were eight homes sold, with a median sale price of $932,550 - a 56.9% decrease over the $2,162,500 median sale price for the same period of the previous year. There were three homes sold in Ocean Ridge in October 2019.

The median sales tax in Ocean Ridge for the most recent year with available data, 2018, was $9,649, approximately 1% of the median home sale price for October 2020.

The following table compares Ocean Ridge to other Palm Beach County cities with similar median sales prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Gulf Stream21100%$2,572,988.75$1,550,00066%
Jupiter Inlet Colony4333.3%$2,003,112.50$1,675,00019.6%
North Palm Beach (unincorporated)15887.5%$1,060,000$1,285,000-17.5%
Palm Beach643393.9%$1,036,875$667,50055.3%
Ocean Ridge83166.7%$932,550$2,162,500-56.9%
Tequesta (unincorporated)7475%$930,000$325,000186.2%
Highland Beach2512108.3%$723,000$458,12557.8%
West Delray110%$575,000$625,000-8%
Palm Beach Gardens (unincorporated)3132-3.1%$540,000$304,00077.6%

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