The Shape of the Market
The mechanism is simple to state. Waterfront parcels along North Flagler drew tower capital, and the towers reset the corridor's land values. The historic grid a few blocks inland inherits the pressure through every buyer priced off the water. Northwood is that grid, 1920s stock on walkable blocks, and its ledger is where the inheritance records.
The Windows
The half year windows below carry the cadence. Counts come first, because medians inside thin windows mislead without them.
BeachesMLS recorded closings, board twins deduplicated.
BeachesMLS recorded closings, board twins deduplicated. Medians inside thin windows are directional.
What Trades Here
Three segments tell the story. Original cottages anchor the entry, renovated bungalows clear most of the volume, and the corner and water-adjacent lots set the district ceiling at $2.2M. The renovation segment is the wave's engine room, because every finished project writes a comp the next block uses.
How to Read It
Read the windows as a trajectory rather than a snapshot. Counts holding steady while medians step upward is what an inland repricing looks like in records, and 43 days market time says demand meets the shelf quickly. The number to watch next is the ceiling, which resets as the corridor's projects advance.
Bottom Line
Northwood's 70 recorded closings carry the North Flagler wave's inland signature: steady volume, stepping medians and a ceiling that keeps resetting. The corridor's capital is the engine and the grid is the beneficiary. The windows above will keep score as the wave runs.
Reading the wave: watch counts before medians, because steady volume is what proves a repricing rather than a few headline trades.
Every figure is a BeachesMLS recorded closing from November 2024 through October 2026. The scope is the Northwood subdivision records with City West Palm Beach, board twins deduplicated on address and price. Corridor development facts follow the public record and evolve with the projects.
BeachesMLS recorded closings via our licensed feed, pulled November 5, 2026.
