palm beach gardens real estate: PALM BEACH GARDENS HOME PRICES INCREASING, SALES ARE HEALTHY - 04/30/12 06:34 AM
The buzz in local real estate circles is that the market in Palm Beach Gardens and throughout Palm Beach County has bottomed and is beginning to turn upward.
Statistics provided by the Realtor Association of the Palm Beaches substantiates the view that home prices are increasing across the county and that sales are healthy.
The median sales price of a single family home in Palm Beach County was $200,000 in March, 2012 up 13 percent from January prices. At the same time, inventory is down 39 percent from last year and pending sales are up 71 … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS HOMES SALES CONTINUE STRONG AT END OF 2011 AS PRICES STABILIZE - 01/05/12 05:22 PM
There were about 20 per cent more single family homes sold in Palm Beach Gardens and throughout Palm Beach County during the first 11 months of 2011 compared with 2010 sales. And while prices have not started to increase during this period, they seem to have stabilized as 2011 ended.
Throughout the fall of 2011, the median price of a single family home in Palm Beach County fluctuated from $180,300 in September up to $184,900 in October and then to $183,700 in November, the most recent month for numbers reported by the Florida Realtors Association.
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palm beach gardens real estate: PALM BEACH GARDENS ESTATE HOME VALUES: SOME UP SOME DOWN - 11/03/11 10:41 AM
As 2011 draws to a close, home values in Palm Beach Gardens' premiere estate community of Steeplechase continue to decline following the county wide pattern where prices of single family homes throughout Palm Beach County hit numbers not seen since spring 2002. Yet, some local estate communities appear to have reached bottom pricing and are beginning to see values increase.
If you are interested in purchasing an estate home in Palm Beach Gardens, this is the time to be seriously looking.
In September 2011 the median price of a single family home in Palm Beach County fell to $180,300, a 57percent … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS AREA ESTATE HOMES AT BAY HILL RISING IN VALUE - 10/27/11 05:57 PM
Palm Beach Gardens area estate homes at Bay Hill are bucking the downward price trend throughout the area and have seen values increase through most of 2011. Sales in the community are brisk.
While the median price of single family homes in Palm Beach County is down to $180,300, a slide of 57 percent since the high point in 2005, homes in Bay Hill Estates have increase about 12 percent in 2011 compared with 2010.
Through October, 2011 there were 12 homes sold in Bay Hill Estate and they averaged $159 per square foot. Just a year earlier, only seven homes sold during 2010 … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS ESTATE HOMES AT STEEPLECHASE SELLING WELL AT DISCOUNTED PRICES - 10/25/11 04:33 PM
Homes in Palm Beach Gardens' premiere estate community of Steeplechase are selling well with prices continuing to fall, but at a more moderate pace than in previous years.
By late October 2011 there were 11 homes sold in Steeplechase compared with 10 homes sold for all of 2010. The 11 homes averaged $187 per square foot compared with $200 per square foot for homes sold in 2010, a decline of about seven percent.
In Steeplechase, larger homes usually sell for a higher dollars per square foot amount than do smaller homes. Homes over 4000 square feet averaged $234 per square foot … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS COUNTRY CLUB COMMUNITY OF IRONHORSE SEES PRICES STABILIZING - 10/24/11 11:36 AM
Home prices in the Palm Beach Gardens area country club community of Ironhorse have stabilized in 2011 as sales remain on a brisk pace.
A total of 17 homes sold in Ironhorse from January through the end of October, about the same pace as in 2011. But prices declined only two percent from 2010. The average home in Ironhorse sold for $136 per square foot in 2011 compared with $139 per square foot in 2010.
Of the 17 homes sold so far this year, there were three foreclosures and two short sales. Distressed properties tend to push property values down throughout a … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS COUNTRY CLUB COMMUNITY OF IBIS CONTINUES TO SEE HOME PRICES DECLINE IN 2011 - 10/23/11 05:20 PM
Home prices in the Palm Beach Gardens area country club of Ibis continued to decline through the third quarter of 2011 as sales increased. This is a mirror image of homes sales and prices throughout Palm Beach County.
Through September, 2011 there were 77 homes sold in Ibis compared with 71 sold during all of 2010. But prices continue to tumble, a bit faster for homes priced at or below $400,000 than for those in higher price brackets.
Of the 77 homes sold through September, 2011 42 closed at or below $400,000. The average price for these homes was $88 per square … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS' STEEPLECHASE HOME SALES BRISK, BUT PRICES DOWN 9% - 08/04/11 11:16 AM
More homes have sold in Palm Beach Gardens premiere estate community of Steeplechase through early August than have sold during any full year since the real estate market downturn in 2006. But prices in Steeplechase continue to decline due in part to short sales and foreclosures clearing the market.
Eleven homes sold in Steeplechase during the first seven months of 2011. In 2010 there were 10 homes sold for the entire year and in 2009 just two homes sold.
Prices in Steeplechase continue to decline as short sales and foreclosures are sold. The distressed properties continue to … (1 comments)
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palm beach gardens real estate: PRICES REBOUNDING IN PALM BEACH GARDENS UPSCALE COUNTRY CLUB COMMUNITIES - 07/06/11 11:11 AM
Prices of homes in two of Palm Beach Gardens upscale country club communities have begun to rebound in the first half of 2011.
Old Marsh and Old Palm, each a small exclusive community with high end club facilities, are seeing prices increase for sales of large executive homes.
Old Marsh is an older community of about 140 homes in the northwestern portion of Palm Beach Gardens. From January through June, four homes sold in the community, averaging $367 per square foot, about 30 percent higher than sales throughout 2010. Homes in Old Marsh are generally priced above $1 million. There … (1 comments)
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palm beach gardens real estate: PALM BEACH GARDENS MAY HOME PRICES JUMP TO HIGHEST POINT OF 2011; BUYERS SHOULD BE LOOKING NOW - 06/21/11 04:42 PM
Prices of both single family homes and condos in Palm Beach Gardens and throughout Palm Beach County jumped in May to reach the highest point yet seen in 2011.
At the same time, sales remain brisk at about the level they were in April, but significantly higher than in May, 2010.
While optimism abounds about whether these numbers signal a bottoming of the real estate market in Palm Beach County, it is truly too early to know for sure. However, if you area a buyer hoping to catch the bottom of the market, this could be the time to get serious.
The median price of … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS MIRASOL COUNTRY CLUB HOME SALES ARE BRISK IN 2011 AS PRICES STABILIZE - 06/15/11 03:42 PM
Home sales at Palm Beach Gardens' Mirasol County Club are brisk in the first part of 2011 as prices stabilize.
Forty-one homes sold in Mirasol from January through mid-June, 2011 compared with 64 homes selling in all of 2010.
Home prices remained stable from 2010 through mid-2011 with homes sold averaging $226 per square foot in 2010 and $225 per square foot in the first half of 2011. The number of short sales and foreclosures are diminishing in Mirasol and as distressed homes come off the market, the expectation is that home values will begin to climb. There are currently 100 … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS FRENCHMANS RESERVE HOME SALES INCREASE AS PRICES STABILIZE - 06/14/11 02:27 PM
Home sales at Palm Beach Gardens Frenchmans Reserve Country Club have increased substantially in the first part of 2011 while prices stablized.
Through mid-June, 2011 there were 17 single family homes sold in Frenchmans Reserve compared with 18 homes sold through all of 2010. And prices have even inched up a bit, going from $231 per square foot to $238 per square foot.
Frenchmans Reserve is a small upscale country club community with a dynamite location in Palm Beach Garden, just minutes from The Gardens Mall, Downtown at the Gardens and Legacy Place. There are 392 single family homes plus 56 coach homes, many … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS EVERGRENE HOME PRICES DROPPING IN 2011; GREAT TIME TO BUY! - 06/11/11 01:03 PM
Prices of single family homes in the Palm Beach Gardens community of Evergrene have declined about six percent in the first part of 2011 compared with 2010 sales.
The drop in prices appears to be driven largely by short sales and foreclosures as more than half of the homes sold through June 10 in Evergrene were distressed properties.
In 2010 there were 63 single family homes sold in Evergrene averaging $142 per square foot. From January through June 10, 2011 there were 31 single family homes sold in the community averaging $133 per square foot. In mid-June there were 22 homes on … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS' FRENCHMANS CREEKS SEE BRISK HOMES SALES IN 2011 WITH PRICES STEADY - 06/09/11 05:05 PM
Home sales in Palm Beach Gardens have been brisk in the first half of 2011 with prices remaining relatively steady in this upscale community.
There were 12 homes sold in Frenchmans Creek through the end of May compared with just 14 sales during all of 2010. Prices are remaining realtively stable in the community with 2011 home sales averaging $277 per square foot compared with $288/SF in 2010 and $280/SF in 2009.
An upscale community, Frenchmans Creek provides a unique living experience for its residents. It is the only community in the area boasting a country club with two golf courses, … (0 comments)
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palm beach gardens real estate: STEEPLECHASE HOME PRICES CONTINUE TO DROP IN 2011 -- GREAT DEALS IN THIS ESTATE COMMUNITY - 06/08/11 11:02 AM
Prices of homes in Palm Beach Gardens premiere estate community of Steeplechase continue to decline in 2011 as savvy buyers purchase homes at fantastic prices in this sought after community.
Through May, 2011 there were six sales in Steeplechase averaging $176 per square foot, a 12 percent decline from prices in 2010. Of the six homes sold, two were short sales and one was a foreclosure, bringing prices to a new low in the community. Of 10 sales in 2010, just two were distressed properties or tear downs. Since the real estate price peak in 2006, prices of homes in Steeplechase … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS HOME SALES BRISK AND HOLDING STEADY AS PRICES INCREASE 6% - 05/20/11 05:01 PM
Palm Beach Gardens homebuyers saw a price increase of about six per cent in April, 2011 compared with March prices while sales remained brisk.
The median price of a single family home in Palm Beach County increased from $186,500 to $198,800 as more than 1100 homes sold county wide in April. It was the second month in a row that sales topped 1100 for a month, indicating the real estate market may be starting to emerge from years of sluggish sales and declining prices.
Condo prices in Palm Beach County saw an increase of about eight percent while sales dipped slightly.
A closer look at … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS' AREA BAY HILL ESTATES SEES PRICES STABILIZING - 05/09/11 11:58 AM
Prices are beginning to stabilize in the Palm Beach Gardens' area community of Bay Hill Estates as fewer short sales and foreclosures impact the market.
In fact, prices of homes sold in Bay Hill rose about 13 percent in the first quarter of 2011 compared with sales during all of 2010. And the pace of sales in Bay Hill is increasing. During all of 2010 just seven homes sold and they averaged $140 per square foot. In the first quarter of 2011 four homes sold averaging $160 per square foot.
Almost half of the homes sold in Bay Hill since January, 2010 … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS' SAN MICHELE ESTATE HOMES ATTRACTIVE TO BUYERS - 05/04/11 11:23 AM
Prices are dropping at San Michele in Palm Beach Gardens making homes in this small upscale executive community more attractive to buyers.
During the first quarter of 2011 just three homes sold in San Michele and they averaged $203 per square foot, a decline of more than 15 percent since 2008 sales. During all of 2010 there were five homes sold averaging $226 per square foot.
San Michele is a gated community of about 90 executive homes in the northern section of Palm Beach Gardens, just west of Central Avenue at Hood Road. Homes were built in the past seven years … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS HOME SALES INCREASE AS PRICES CONTINUE TO DECLINE - 04/20/11 10:59 PM
Home sales in Palm Beach Gardens and throughout Palm Beach County increased significantly in March, 2011 compared with February sales, but prices continue to plummet and have now reached levels not seen since 2002, according to statistics released today by Florida Realtors.
More than 1100 single family homes were sold in Palm Beach County in March compared with just 738 homes sold in February, an increase of about one-third. At the same time, the median price of a single family home in the country dropped to $186,500, nearly 10 percent below February prices and down almost 25 percent from a year earlier.
The … (0 comments)
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palm beach gardens real estate: PALM BEACH GARDENS DISTRESSED PROPERTIES CONTINUE TO INFLUENCE THE MARKET; HOMES SALES INCREASE AS PRICES FALL - 04/06/11 04:40 PM
Palm Beach Gardens' area homes sales were generally higher in the first quarter of 2011 compared with the first three months of 2010, but prices declined as distressed and lower priced properties continue to have a major impact on the local real estate market.
During the first quarter of 2011 more than 400 homes sold in Palm Beach Gardens with 75 percent of these priced at or below $300,000. A year earlier, about 275 homes sold in the same time period with 63 percent priced at or below $300,000.
Lower priced homes are selling well and as sellers reduce prices, or … (0 comments)
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