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 Palm Beach Gardens sales shows nearly 650 homes sold from January 1 through May 20 with more than 70 percent priced at or below $300,000. Once again the lower priced properties are driving the real estate market as homeowners anxious to sell begin lowering their prices. Short sales accounted for about 17 percent of the sales.
The Weiss-Clawson Team researches prices and trends in Palm Beach County real estate to provide the most up to date information for our clients. If you are interested inn buying or selling a home in Palm Beach County, please contact The Weiss-Clawson Team directly. We look forward to hearing from you and to working with you.