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Condo Sales in Juno Beach Area Near Record Highs
Volume of sales continues to impress
One thing that is needed to keep the impressive price increases we have seen lately in northern Palm Beach County condos is sales. And sales for the month ending May 15th certainly did not disappoint. While they were down very slightly from the levels we experienced one month prior and were down by about 11% from 2013 numbers it was a strong month. In fact, it was the 3rd highest monthly total we have seen since we started keeping these records many moons ago and 34% above the 12 month average. Strong, strong numbers.As we announced in our article published yesterday, median condo prices in the Juno Beach area hit a new 5 year high. The local real estate market is hitting on all cylinders as we head into the summer months. As we keep telling you, we are blessed to live in a unique area that plays by a different set of rules. No doubt the overall economy will effect us and at some point cash buyers may not make up the enormous percentage they now do. Maybe at that point things will change. Over the last month, well over 70% of all condo sales ... more
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