The ongoing stampede of the rich and famous into South Florida is propelling real estate prices to new highs.The average cost of a spread in Palm Beach — home to an ever-growing roster of celebrities and financiers — climbed to nearly $16 million in the first quarter of 2022, according to the Serhant South Florida Report issued Thursday.Limited inventory and voracious demand pushed the average price of a Palm Beach pad up by 44% compared to the same quarter in 2021, the study found.
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