It might be the right time to get off the fence and move forward with the home purchase you are thinking about in Palm Beach Gardens, West Palm Beach, Jupiter, Juno Beach or throughout Palm Beach County.
Prices continue to decline throughout the county as the number of homes sold increases. This is telling us that buyers are ready and are moving forward on homes that are value priced.
Figures released by the Florida Association of Realtors on homes sales and prices show that about 30 percent more homes were sold in March 2008 than in February 2008. In February 401 single family homes were sold throughout the county while in March that number increased to 572 single family homes sold.
Prices however, continue to decline. In Palm Beach County the average single family home sold for $320,200 in March compared with $344,600 in February, a decline of about 7 percent.
This is the same trend that we are seeing in many of the communities that we closely follow.
In Ironhorse Country Club we saw four homes sold in the first quarter, a pace slightly higher than sales during 2007. At the same time, prices declined about 9 percent -- to an average of $174 per square foot. And there are nearly 40 homes for sale today in Ironhorse.
In Steeplechase, four homes sold during the first quarter, also setting a pace slightly higher than sales during 2007. Prices in Steeplechase declined about 7 percent and are now at an average of $273 per square foot. There are fewer than 20 homes for sale in Steeplechase.
The Weiss-Clawson Team includes resident experts in both Steeplechase and Ironhorse and welcomes your inquiries about homes in these communities or in any community throughout Palm Beach County.
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