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Palm Beach Gardens Pending Home Sales Off The Chart
Highest numbers since June of 2013
 
We knew this season was going to be big. We kept telling you it was going to be big but until 15 days ago we couldn’t show you anything in the local real estate market that proved the point. Since then, Palm Beach Gardens pending home sales have made such amazing, historic, meteoric gains it is truly something we have never seen. As of February 15th, they had made a 40% jump in just one month. Over the past 15 days they have jumped another 7.5% and now sit at the highest levels we have seen in over 21 months.
 
It turns out that the funk the real estate market was in had everything to do with demand. Inventory has not increased measurably since our winter visitors arrived but look at sales soar. Snowbirds are tired of winter. They are tired of snowfall and cold weather. They see median prices of single family homes that are still a full 22% below the market highs we reached in 2015 and 2016. They see how demand for anything in the Palm Beach Gardens/Jupiter corridor picking up and they don’t want to miss out.
 

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