Well, its funny, everyone has been talking about how bad the market has been in Palm Beach florida area real estate. Personally, I while they prices have definitely declined from their highs in 2005, buyers are still here and the market is still selling.
I will admit, I live on the Riverfront in Jupiter and deal heavily with clients looking for Intra-coastal homes, riverfront and other mid to high end communities. So, many of the clients I work with are looking for large estate homes in the $750,000 to $5Million+ range. I guess that is part of why it's been a good year.
While the numbers for Palm Beach County came out as an overall decline, the largest, most expensive homes in the $1 Million+ range are still selling very well and are actually up significantly from last year.
I have noticed a lot of people being upset with the News Media's coverage of the real estate market, but atleast they are sharing the good with the bad. Here's the Palm Beach Post article to that effect: