PALM BEACH COUNTY HOME SALES INCREASING AS PRICES DECLINE -- IT IS THE TIME TO BUY!

Figures  just released by the Florida Association of Realtors show the number of single family homes sold in Palm Beach County is increasing significantly as prices continue to decline.

More homes were sold in March , 2008 than in February, 2008  by about 30 percent.  The numbers show 572  single family homes sold in March in Palm Beach County compared with just 401 homes sold in February.  And prices continue to decline.  The average sale price for a single family home in Palm Beach County in March was $320,200 compared with $344,600 in February, a drop of about 7 percent.

This numbers mirror research The Weiss-Clawson Team completed earlier this month in some of the communities we follow closely.  Steeplechase, Palm Beach Gardens premiere estate community, has seen an increase in sales and a drop in prices as has Ironhorse Country Club.  There are currently fewer than 20 homes on the market in Steeplechase and just about 40 homes on the market in Ironhorse. You can find value priced homes in each community.

Some of the price decline is caused by foreclosures or "short sales" reflecting below market value for homes.  The mortgage crisis has caused many homeowners to walk away from their property, relegating banks to sell for whatever they can get for the home in order to remove the property from their books.  And in some communities this is tremendously reduced the average sale price for homes.

But with an increase in the number of sale, it is showing that the best homes at the best prices are being bought.  If you are interested in buying a home at this time, The Weiss-Clawson Team will work with you to find the best priced home in the community of your choice.  Please contact us for further information.  We look forward to talking with you and to working with you. 

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