Palm Beach County Market Report and Statistics January 2014

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Real Estate Agent with Waterfront & Country Club Communities - Homes For Sale

Palm Beach County Florida is one of the more popular communities and areas along Florida's southeast coastline. It encompasses many popular cities such as Palm Beach Gardens, Jupiter, Riviera Beach and North Palm. According to the Realtors Association of Palm Beaches, here is a local market update for Palm Beach County as of January 2014.

For single-family homes:

There were 1014 closed sales, which were up 5.1% over last year at this time. The median home price is up 17% at $255,000. The median days on the market are 53, which is down 37.6%. This is quite a substantial difference over January 2013.

Inventory for active listings or 7218, which is up 6.9%. Month’s supply of inventory is 5.5, which is down 5.6% over 2013.

For condominiums, townhomes, multifamily and lofts:

Closed sales were up 4.7% at 919 for January. The median price for a condominium in Palm Beach County was up 30.8% at $117,750. Median days on the market were down 21.9% at just 57 days.

Active listings for inventory were down 10.9% at 6396. Months in supply of inventory were down 7.8% at 5.7.

January market report for Palm Beach County FL

What does all this mean for buyers and sellers in Palm Beach County?

If you’re planning on selling over the next couple months, know that days on the market are lower but inventory is up so depending on your price range you may have more competition.

If you plan on buying, home prices have increased but not too dramatically that you will be facing outlandish prices. It’s good to know what your competition is facing as well as what buyers are seeing regardless of what side of the market you’re on.

For more details on home prices in these area visit my website.

Also, each of these has specific communities, gated neighborhoods and country clubs listed, with prices for all current listings.

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 Whether buying or selling, please call on me for the highest quality personal service. NO ONE WILL WORK HARDER FOR YOU and I am ALWAYS available to offer you personal, one-on-one help.

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This blog is to help educate home buyers and sellers by giving you real estate information for Jupiter and Palm Beach Gardens, Florida communities including sales history and other trending real estate maters!

 Whether buying or selling, please call on me for the highest quality personal service.

I am ALWAYS available to offer you personal, one-on-one help.

Todd Blair  |  561-440-1000  |  Todd@PBCoastal.com

If you are a home buyer or a seller and would like to learn more about my real estate expertise, go to www.PBCoastal.com.  I have built this website with home buyers and sellers best interest in mind.  It's a creation built by me for you, the customer. There you will find lots of unique real estate content such as community driving video tours, abilty to browse by sub community and map.  You may also visit www.PBCoastal.com to compare Country Club Communities in Palm Beach Gardens and Jupiter Florida including:

Mirasol, Frenchmans Creek, Frenchamn's Reserve, BallenIsles and Admirals Cove

Call me today.

Todd Blair  |  561-972-0701  |  Todd@PBCoastal.com  |  www.PBCoastal.com

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Comments (2)

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Todd, always enjoy viewing information on other communities....Thanks for sharing with us.

Feb 24, 2014 03:44 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Todd - Thank you for sharing an excellent blog about Palm Beach County, Florida market report and statistics January 2014.

Feb 24, 2014 08:50 AM