Home prices in Palm Beach Gardens, West Palm Beach, North Palm Beach, Jupiter and Juno Beach continue to drop as the 2008 season draws to a close.
By early May most of our seasonal residents will be on their way back north, leaving their winter residence on the market. Some have already purchased homes for next season, taking advantage of falling prices. Others will return in late spring or early fall to purchase their winter home.
But we do expect more homes to be placed up for sale as we enter late spring and the summer months. And those truly wanting to sell are lowering their prices.
In Palm Beach Gardens/West Palm Beach's Ironhorse Country Club there are currently 37 homes the market, withy two now under contract. Four Ironhorse homes have already sold this year. Of the 35 active listings, 16 sellers have reduced their original listing prices. There are homes on the market from $349,900 for a three bedroom, 2.5 bath 2500 square foot home with a pool and golf course view to a seven bedroom, 11,000 square foot home with pool also on the golf course for $2 million.
Looking at those homes that sold this year, the average price was $174 per square foot, so it is easy to conclude that prices are still falling.
The Weiss-Clawson Team includes a resident expert in Ironhorse Country Club. If you are interested in exploring homes in this unique community, please contact us.
Comments(0)