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Palm Beach County Home Sales Strong- Inventory Shrinks And Prices Decline

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Real Estate Agent with The Gasset Group & Get It Done For Me Virtual Services 13253167-SA00

Palm Beach County Home Sales Strong- Inventory Shrinks And Prices Decline

The median price of a home in Palm Beach County fell to $180,300. That means that half of the homes sold in Palm Beach County sold for more and half of the homes sold for less. The prices fell about 20% last month overall in the county of Palm Beach. palm beach county home prices decline


But buyers are out and ready to buy and inventory is shrinking while prices continue to decline for another few months or so. 

Sale of homes on the market are strong. We have negotiated short sales in the 1990's recession, 1980's recession and starting in 2007 in the current recession and housing bust. During 2008 and 2009 it was not uncommon for us to have 50 to 70 short sale listings in our inventory. But that number has changed. 

In 2007 very few agents other than ourselves would even touch a short sale listing and the banks knew a whole lot less than they do now about how to process a short sale. Now many agents are taking short sale listings as inventory shrinks, those that know how to negotiate short sales and those that don't.

 When this happens in a market proactive brokers need to see where the market is heading and be there and ready for the shift. 

In September of 2010 the median price for a home in Palm Beach County was $225,900. So you see, it did drop again. 

For more information about how the market is doing in your specific town in Palm Beach County contact Nestor and Katerina Gasset at 561-753-0135. 

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In real estate we service Utah County, Salt Lake County, Wasatch County, Tooele County. This includes many towns and cities. Some of which are: Provo, Orem, Salt Lake City, Draper, Springville, Spanish Fork, Payson, Lehi, American Fork, Vineyard, Saratoga Springs, Eagle Mountain, Pleasant Grove, and more. 

Katerina Gasset is a real estate agent who is also a digital marketing strategist, website designer and consultant for real estate brokerages, agents, entrepreneurs and small business owners. She is also the owner of Get It Done For Me Virtual Services. 

Katerina is a Certified AI Marketing Specialist. She can help you with ChatGPT, Content at Scale, Neuronwriter, prompting, and many other AI tools. 

She develops products and online courses to empower real estate agents to reach their marketing, SEO, social media and branding goals. Katerina Gasset is a blogger, author, podcaster, and keynote speaker.  

Text Katerina with your name + number to work with her:

 561-502-1577 

 

 

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Comments (5)

Laurie Clark CRB Angel Realty LLC Your Monument Realtor 719-502-6572
CRB-CCSS-ASD-HBS-RSD-Denver Short Sale Agents - Monument, CO
Angel Realty, LLC

Glad to see the markets are improving a bit. I can hardly wait for them to improve all the way. This is an interesting and informative market update. As the Wellington Short Sale agent, your clients are well served by your dedication and commitment to their best interests.

Oct 29, 2011 03:30 PM
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Katerina,

This is great news and we are hearing it more commonly across the nation. It's certain to effect prices in due time.

Steve

Oct 29, 2011 05:46 PM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Steve- yes it is going to change :) We are already setting up our next niche marketing materials as short sales are becoming in shorter supply these days. Katerina 

Laurie- Thanks. The markets start and stop in Florida, California and Nevada. What happens in these states happens here first the rest of the states get the ripple effect. There are states that are just now starting to get short sales. Katerina 

Oct 29, 2011 06:38 PM
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Nestor & Katerina,  I agree.  I believe the market is shifting here in North Central Florida also.

Oct 30, 2011 03:08 AM
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

Very good local post - good information.  You are showing your are on top of your market!

Nov 05, 2011 03:07 PM