Home prices in the Palm Beach Gardens area country club community of Ironhorse have stabilized in 2011 as sales remain on a brisk pace.
A total of 17 homes sold in Ironhorse from January through the end of October, about the same pace as in 2011. But prices declined only two percent from 2010. The average home in Ironhorse sold for $136 per square foot in 2011 compared with $139 per square foot in 2010.
Of the 17 homes sold so far this year, there were three foreclosures and two short sales. Distressed properties tend to push property values down throughout a community. But when they are sold or off the market, values tend to stabilize and can begin to rise.
In Ironhorse there are 23 homes on the market in late October with just one listed as a short sale.
Buyers who have been waiting for Ironhorse home prices to stabilize might find that this period, from October to January before the height of the winter season, is the best time to buy your Ironhorse home.
Ironhorse Country Club is a unique community of just 324 homes set adjacent to the beautiful Loxahatchee Nature Preserve. The country club is owned separately from the residences so there is no mandatory membership for homeowners. Yet many of the homes back onto the championship Arthur Hills golf course so owners can benefit from the beautiful open vistas.
The Weiss-Clawson Team includes a resident expert in Ironhorse. We research communities throughout Palm Beach Gardens and West Palm Beach to provide the most up to date information to our clients. If you are interested in buying or selling a home in Ironhorse or anywhere throughout Palm Beach County, we would like to work with you. Please contact The Weiss-Clawson Team directly. We look forward to hearing from you.
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