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PALM BEACH GARDENS HOME PRICES CONTINUE TO FALL AS SALES INCREASE

By
Real Estate Agent with Keller Williams Realty of the Palm Beaches

Savvy buyers are making very good deals on homes in Palm Beach Gardens, West Palm Beach, Jupiter, Juno Beach and throughout Palm Beach County as homes prices fall for yet another month. 

There were 408 single family homes sold in Palm Beach County in January, 2009 compared with 369 sold in January 2008, a nine percent increase.  Yet prices continue tracking downward.  The median single family home price in January was $232,100, compared with $246,000 for the median price in December, 2008, a six percent decline.

The condo market felt significant gains in number of sale jumping 24 percent in January 2009 compared with January, 2008.  There were 374 condos sold in January. 2009 compared with 303 sold in January, 2008.  While prices continued to fall, the decline was not as steep as in previous months.  The median price for a condo in Palm Beach County in January was $108,900 compared with $112,900 in December 2008, a four percent decline.

There are wonderful deals to be had in Palm Beach Gardens and through Palm Beach County.  Hundreds of homes remain on the market in leading communities throughout the area, such as Ironhorse Country Club, Steeplechase, Mirasol, BallenIsles, Ibis Country Club, Frenchmans Reserve, San Michele, PGA National and many more.

The Weiss-Clawson Team has expertise in these communities and many more throughout the area. You can begin your search directly from our website. We have helped hundreds of our clients achieve the best price for their dream home.  Contact us directly for more information about real estate interested in Palm Beach County.

We look forward to hearing from you and to working with you.

Brian Belcher
RE/MAX Executive - Charlotte, NC
Charlotte Realtor

Hey, great post. Thanks for the information about your area.

Mar 01, 2009 02:25 AM