There are a number of communities in Palm Beach Gardens where homeowners may be seeing a bottom to the declining real estate market. Garden Oaks, located just south of Northlake on Military Trail is one of those communities.
Built in the early 1990's Garden Oaks is a neat and well manicured community of 420 single family and town homes. The townhomes are all two bedroom, two bath while the single family homes are three bedroom, two bath units. Built by Divosta, the homes are solidly constructed.
Home prices seem to have stabilized from 2009 into the fall of 2010 with five single family homes selling at $135 per square foot, the same as 2009 sales. Townhome prices have declined slightly, going from $131 per square foot, down four percent to $126 per square foot.
There is about one home sold sold per month in the community and in mid-October, 2010 there were 12 homes on the market in Garden Oaks, both townhomes selling in the high $100,000's and single family homes going in the mid-$200,000's. Two of the homes are short sales.
The community is gated, has a neighborhood pool and is convenient to shopping and major roadways.
The Weiss-Clawson Team researches market trends in communities throughout Palm Beach Gardens and Palm Beach County to provide the most up to date information for our clients. If you are interested in buying or selling a home in Palm Beach Count, we would like to help you. Please contact The Weiss-Clawson Team directly. We look forward to hearing from you.
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