Is it still a buyer's market in Palm Beach ? Are you sure ?

By
Real Estate Agent with RE/MAX Sun & Sea

The market I serve is the luxury waterfront (homes and condos) along the coastline of south Florida from Palm Beach to South Beach.

Palm Beach offers one of the ultimate address for the very wealthy looking for their spot in the sun. Finding a well priced property is a real challenge in this market. Inventory is tight and prices are still high.

What we have seen happen overall in the past few years is a gradual shift from a buyer's market on paper to a seller's market in real life. Allow me to explain:

On paper and MLS search may yield dozens and even 100+ properties that match basic criteria like number of bedrooms, number of bathrooms, and price range. So far so good right ?

Not so fast. The trained eye of the pro going through the list quickly realizes that most of these properties are "dogs". No view, older units/homes needing extensive remodeling, no pets allowed (condos), rental restrictions (1 or 2 years waiting period for some condos), no rentals permitted (some condos)...

The end result is that multiple buyers are now looking and competing for a much smaller pool of attractive and properly priced properties. Don't be surprised if you find nothing or see multiple offer situations... This is the virtual seller's market we are dealing with.

The key is to be patient but jump at an opportunity when you see it.

 

Visit www.EliteWaterfront.com for current Waterfront homes and condos Sales and Listings.

Selling the Best Waterfront Homes and Condos from Palm Beach to South Beach

Ben Giordano, MBA, MILHM, CDPE, REOS, Realtor®

Waterfront Specialist with Realty Associates

Ocean, Intracoastal, and Canal Homes and Condos in the Following Coastal Cities:

Palm Beach, Manalapan, Delray Beach, Highland Beach, Boca Raton, Deerfield Beach, Lighthouse Point, Hillsboro Beach, Pompano Beach, Lauderdale by the Sea, Fort Lauderdale, Hollywood, Hallandale Beach, Golden Beach, Sunny Isles Beach, Bal Harbour, Surfside, Miami Beach, and South Beach.

 

Posted by

Ben Giordano, MBA, MILHM, CDPE, REOS, Realtor

Waterfront Specialist. Visit our website for our unique coastal waterfront market statistics, listings, and sales information.

www.EliteWaterfront.com

Selling the Best Waterfront Homes and Condos from Palm Beach to South Beach

Ocean, Intracoastal, and Canal Homes and Condos in the Following Coastal Cities: Palm Beach, Manalapan, Delray Beach, Highland Beach, Boca Raton, Deerfield Beach, Lighthouse Point, Hillsboro Beach, Pompano Beach, Lauderdale by the Sea, Fort Lauderdale, Hollywood, Hallandale Beach, Golden Beach, Sunny Isles Beach, Bal Harbour, Surfside, Miami Beach, and South Beach.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Florida Palm Beach County Palm Beach
Tags:
condo
buying
condos
buyers agent
buyers
market
waterfront
seller
buyer
ocean
buyers market
sellers market
coastal
sellers

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
32,824

Ben Giordano

Ask me a question
*
*
*
*
Spam prevention