Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

New Post Bubble Record for Local Condo Prices

North County condo prices climb higher.....againFor the fourth straight month buyers have pushed the median condo price in Palm Beach Gardens and the surrounding communities higher. Even on slower sales volumes nothing seems to be able to stop prices from reaching new highs. As of July 15th, median prices in the area are up another 2.4% over the past 30 days. Up over 11% from where we stood one year ago. Strong numbers. Impressive numbers.We keep telling our clients to expect a pullback during the summer and while we have seen this slowdown over the past 2 months in condo sales, prices continue to move higher. Condo prices haven't been higher since 2008 and if we continue the current course that year too will be in the rear view mirror soon. Very soon.Keep in mind that these are numbers for the entire northern Palm Beach County region which encompasses a multitude of locations and price points. Inventory in the most sought after areas is limited and in more and more buildings non existent. Can things keep heading in this direction for the short term? The mid term? The long term?The answers are yes, yes, yes. But, please remember that markets change ... more

__________________________________________________
Are you on The Rain? Grow Your Network!