PALM BEACH COUNTY HOME SALES AND PRICES CONTINUE DECLINE: A BUYERS' MARKET!

It remains a buyers market in Palm Beach Gardens, West Palm Beach, Jupiter, Juno Beach, North Palm Beach and throughout Palm Beach County as both sales and prices continue to decline.

Motivated sellers are lowering prices and buyers are able to obtain contracts on homes that are often below the original purchase price or under market value.  It is a wonderful time to buy a home in Palm Beach Gardens or throughout Palm Beach County.

While sales of single family homes declined 10 percent nationally in May 2007 compared with May 2006, statewide throughout Florida the decline was 34 percent and in Palm Beach County it was 25 percent for the same period.  Sales of condos in Palm Beach County were strong, increasing 11 percent in May 2007 compared with a year earlier and despite a statewide decline of 28 percent in Florida.

The median price of homes in Florida declined 5 percent going from $250,100 in May 2006 down to $237,000 in May 2007.  In Palm Beach County, the median single family home price declined just 1 percent in May 2007 going from $391,000 down to $387,800.  And condo sale prices declined 1 percent  going from $218,900 down to $217,400.

We are seeing more buyers this summer than we have seen in prior years, many looking for that great deal.  And we are finding great deals for our buyers!

If you are considering buying a home or a condo in Palm Beach County, please contact The Weiss-Clawson Team.  We are an award winning duo of Realtors committed working with our clients to find an outstanding home at the best price.  You can check our website for all of listings in Palm Beach County, or just give us a call to discuss your real estate needs.

We look forward to working with you.

• Rate this Post!

  Select Your Rating:

  • 5 Stars (Excellent!)
  • 4 Stars
  • 3 Stars
  • 2 Stars
  • 1 Stars (Poor)

• Share this Post

  Share With A Friend:

  Your Name Your Email

  Friend's Name Friend's Email

  Optional Message

  Send

• Print
• Social Bookmarking

  Add to Bookmarks: