Weiss Clawson's Blog: Ironhorse

Prices of single family homes and condos in Palm Beach Gardens, West Palm Beach and throughout Palm Beach County continue their downward spiral as we enter the third year of declining real estate prices. Through November, 2008 (the most recent figures released by the Florida Association of Realtors), the median price of a single family home was $247,400, a 28 percent drop since the beginning of the year.  The median price of a single family home is now about the same as it was in October, 2003.

Inventory of homes remains high with more than 500 units for sale in the areas leading communities of Admirals Cove, BallenIsles, Frenchman’s Creek Frenchman’s Reserve, Ibis Country Club, Ironhorse Country Club, Mirasol, Old Marsh and Steeplechase. In many of…

Home prices in Palm Beach Gardens, West Palm Beach and throughout Palm Beach County are down from 25 percent to 30 percent. 

Perhaps the communities that are feeling the biggest pinch are the golf course and country club communities were there are loads of homes on the market at dramatically reduced prices.  And many of the areas leading communities have both short sales -- where the house is being sold for less than the owner owes on the mortgage(s) -- and foreclosures.

So if you have been waiting for prices to fall dramatically to buy in communities like Mirasol, BallenIsles, Frenchmans Reserve, Ibis Country Club or Ironhorse Country Club, your time has come!

In BallenIsles, for example, there is a three bedroom, two bath home on the market for…

You couldn't find a better time or place to buy a home than Palm Beach Gardens this winter.

There are more than 2000 homes for sale in Palm Beach Gardens today and as snowbirds return to the Florida sunshine, we expect even more homes to come on the market.  You can find homes for sale in the area's leading communities of Steeplechase, Ironhorse Country Club, Mirasol, Ibis Country Club, BallenIsles, PGA National and many more right on our website. 

The Weiss-Clawson Team stays up to date on market pricing in every one of these communities so we can help you get the best deal available on your new home.

Prices are as low as they were in 2004, falling about 30 percent from their all time high in late 2005/early 2006. The median price of a single family…

Sales of single family homes are increasing in Palm Beach Gardens, West Palm Beach and throughout Palm Beach County as prices continue it slide.  It could be time to come off that fence and buy the home you really want!

The median price for a home in Palm Beach County in October was $264,600 a 23 percent decline since January. The lower prices are appealing to buyers as sales increased nearly 40 percent over October 2007.

There are fantastic home values in Ironhorse, Steeplechase, Ibis, Mirasol, and most communities throughout Palm Beach Gardens.

Single family home prices are now about where they were in January 2004, nearly five years ago.  This means that people who bought their current home during the past five years are unlikely to realize an…

Interested in buying a home in Palm Beach Gardens, but not living here now? 

Perhaps you are relocating to Palm Beach Gardens, West Palm Beach or somewhere in Palm Beach County. 

Or maybe you want a seasonal home to enjoy during the winter months.

Regardless of your motive, The Weiss-Clawson Team wants to work with you.

We have extensive experience working with buyers from out of the area and establish a strong relationship through telephone or internet contact.  We will consult with you to learn your motives for buying, your preferences in living space and what your lifestyle encompasses.

We will send you information on all homes that closely fit your needs. Or you can begin your search on our website.  We will meet you when you get to the area…

Home prices in Palm Beach Gardens and throughout Palm Beach County, have declined about 23 percent since the highest price point was achieved in 2005.  At that time, the median price of a single family home in Palm Beach County was $421,500.  Today that figure is $323,300.  The median price reflects half the homes selling above and half selling below the stated number.

If there is a bright spot in this news, it is the fact that from January 2008 through August 2008, sales prices declined just 6 percent.  And there were some months where prices increased, but the increases were not able to sustain. Prices have been up and down throughout the year. We hope that this indicates prices may be bottoming, but we need to look at sales during the next four to six…

The prices of homes in Palm Beach Gardens' Ironhorse Country Club continue to come down,  but the rate of decline is less than that of homes throughout Palm Beach County indicating a possible bottoming of prices in the community.

Looking at home prices in Ironhorse from January 2008 through July 15, 2008 , we find prices declined about 7 per cent throughout the community when compared with the same period in 2007.  The number of sales however have increased as buyers recognize great values available in this small and intimate country club community. 

Between January 1 and July 15, 2007 five homes sold in Ironhorse at an average dollars per square foot of $189.  Most of these homes were under 3000 square feet with just one over 4500 square feet.  Between…

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…