Weiss Clawson's Blog: Palm Beach Gardens country club homes

The number of homes for sale in Palm Beach Gardens continues to decline as prices throughout the area stabilize. Buyers are in town making outstanding deals for their homes. 

In early November, 2009 there are just above 1400 homes for sale in Palm Beach Gardens, about 100 fewer than were on the market two months ago, according to statistics developed from the Regional Multiple Listing Service.

About half of those 1400 homes on the market today are priced at $300,000 or less.  More than 800 of the properties are single family homes with the remainder being condos or townhomes.

Home prices in the area are stabilizing as the median price for a single family home seems to have found bottom last February at $228,100.   In September, the median price for a…

The number of country club homes and condos sold in Palm Beach Gardens' PGA National remains strong, with most property selling at prices below $400,000.

There were 150 homes and condos sold in PGA National during the first 10 months of 2009, slightly higher than the 1490 homes and condos sold during the same period of 2008, according to statistics from the Regional Multiple Listing Service.  

In 2009 76 percent of the homes sold were priced at of below $400,000.  In 2008 70 percent of the homes sold were priced at or below $400,000.

In terms of number of sale, the 2009 statistics are significantly below the high point of 2005 when 359 homes and condos were sold in PGA National, reflecting a 58 percent drop in sales volume.   

Today there are 225 homes…

Palm Beach Gardens home sales in September remained strong as prices saw a small decline over August statistics, according to the Florida Association of Realtors.

There were 746 homes sold throughout Palm Beach County in September, slightly less than the 754 homes sold in August. The median price of a single family house was $242,900, just about one percent lower than the $245,700 median price of August. 

Indications are that prices for single family homes in Palm Beach Gardens and throughout the county bottomed last February when the median price hit $228,100.  The high price point this year so far was seen in June at $250,300, likely the result of end of season buying.

It is a fabulous time to purchase a home throughout Palm Beach County as…

Palm Beach Gardens homes are selling in upscale Frenchmans Reserve during the first eight months of 2009, contrary to the trend in several Palm Beach Gardens country club communities.

While the numbers are not large, statistics from the Regional Multiple Listing service show a 60 per cent increase in homes sold from January through August 2009 compared with the same period in 2008.

There were 16 homes sold in Frenchmans Reserve during the first eight months of 2009 compared with just 10 homes sold in the same period during 2008.  In many Palm Beach Gardens country club communities -- Mirasol, BallenIsles, Ibis, --  the number of homes sold decline in 2009 compared with 2008.

But prices in Frenchmans Reserve, as in most Palm Beach Gardens area country…

The number of sales and prices of homes in Palm Beach Gardens area Ibis Country Club has declined in the first eight months of 2009 compared with the same period in 2008, according to statistics from the Regional Multiple Listing Service. 

The number of homes sold in Ibis is down 24 percent in the period January through August 2009 compared with the first eight months of 2008.  Just 48 homes sold in Ibis through August, 2009 while 63 sold in the first eight months of 2008.  This is the lowest number of sales in year as 82 homes sold during the period in 2007, 64 sold in 2006 and 212 sold in the boom year of 2005. 

Prices are also down about 12% - 13% within the community  when comparing dollars per square foot of homes sold in the first eight months of…

While many communities throughout Palm Beach Gardens are seeing an increase in sales volume coupled with sliding home prices, Ironhorse Country Club has seen an increase in the number of homes sold with prices holding fairly steady.

From January through August of 2008 there were just five homes sold in Ironhorse at an average of $163 per square foot.  These included a $275,000 short sale and a $525,000 foreclosure.

In 2009 from January through August there were eight sales in Ironhorse at an average of $161 per square foot.  There are an additional four homes under contract in the community.  The sales included a 4200 square foot home selling for $700,724 and 2100 square foot home selling for $363,000. 

Homes in Ironhorse seem to be holding their value…

There are still many great deals available in Palm Beach Gardens' country club communities despite appearances that the housing market is at or near bottom.

The number of sales in Palm Beach Gardens and throughout Palm Beach County are increasing as savvy buyers take advantage of the lowest prices in years. 

In Palm Beach Gardens nearly 1000 homes have sold or are under contract since January 1, 2009, according to statistics from the Regional Multiple Listing Service.  Of those nearly 800 homes were priced at or below $500,000 of which almost 600 homes were priced at or below $300,000.

There are great deals available in almost every community. 

At Mirasol there are 119 homes on the market with 38 priced at or below $700,000.  There is a five bedroom,…

The number of homes sold in June in Palm Beach Gardens and throughout Palm Beach County increased significantly as did the median price of single family homes in the county.

For those who have been waiting for the bottom of the market, it may be here or near.

More than 850 Palm Beach County single family homes sold in June, 2009, an increase of 15 percent over the number sold in May and more than double the number sold in January, according to statistics released by the Florida Association of Realtors.  Each month, from January through June, has seen an increase in the number of homes sold this year.

The median price of a single family home in June was $250,300 an increase of seven percent over the May price.  The median price reflects half the homes…