Weiss Clawson's Blog: Real Estate Market Updates

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…

If you are on the fence about continuing to rent for another year in Palm Beach Gardens, or your just not sure whether this is the time to buy that winter vacation home, come and take a look at all the wonderful homes home the market in Palm Beach Gardens this summer.

There are single family homes, condos and townhouses in country club communities, with water and/or golf views, on natural preserves or with garden views.  You can have a pool in your backyard or no backyard at all.  Cost of that new home can range from the $100,000's up in to the millions of dollars. 

Prices are down to the levels they were four years ago so there are many good deals to be inked.  There are many fine homes for sale just waiting for new owners, interest rates remain…

If you bought a single family home in Palm Beach Gardens, West Palm Beach or throughout Palm Beach County in October 2004, the market value of your home has run up and back down again.  There is virtually no appreciation in your home today.  In fact, if you are trying to sell now it may cost you money considering your closing costs.

The median sales prices of a single family home in Palm Beach County for the first quarter of 2008 is $334,500.  That is slightly below the $335,100 median sales price of a Palm Beach County single family home in October 2004, according to statistics released by the Florida Association of Realtors.   And the number of home sales in Palm Beach County is also down, about 11 percent in first quarter 2008 compared with first…

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…

Homes sales are increasing slightly during the first quarter of 2008 in Palm Beach Gardens premiere estate community of Steeplechase.  Four homes sold during the first three months of the year, putting sales at an expected level of 16 for Steeplechase this year.  This would be slightly higher than the 10 homes sold in Steeplechase during 2007.

Prices in Steeplechase continue to drop. 

The four homes sold in Steeplechase averaged $273 per square foot, down from $297 in 2007, a decline of about 7%.  There were no foreclosed or “short sales” in Steeplechase during the first quarter of 2008. These lower than market value sales tend to significantly decrease property values in a community.

There are a moderate number of Steeplechase homes on the…

With the Florida season approaching it is a great time to come on down early -- before the crowds arrive -- and make a deal on that vacation home you have been dreaming about!

Think about Palm Beach Gardens, home to a myriad of private and public golf courses, West Palm Beach with CityPlace shopping, entertainment and restaurants, North Palm Beach, haven for boating, Juno Beach, one of the prettiest ocean front areas in south Florida, or Jupiter, with enclaves of family homes.

There are many wonderful homes on the market today from small hide-a-way condos in retirement villages to large golf course mansions or that cute high rise on the beach. And prices have never been better.  Homes throughout the area have been reduced in price over the high water…

 Home sales a prices continue to decline throughout Palm Beach Gardens, West Palm Beach, Jupiter, Juno Beach, North Palm Beach and the entire Palm Beach County area as the real estate buyers market continues into the summer of 2007.

Sales of single family homes in Palm Beach County decreased 19 percent in June 2007 compared with June 2006.  The median price of a home in Palm Beach County decreased 7 percent in the same period, going from $405,500 down to $377,900.

The June figures come on the heels of a 25 percent decline in single family home sales in May and a 17 percent decline in April.  

This is a remarkable market for homebuyers as the inventory of property on the market increases and serious buyers are scarce.  Those interested in buying a home…

Interested in buying a home in Palm Beach Gardens' Steeplechase, the area's premiere estate community?

It might be a good time to begin that home search right now!

Home prices throughout the area have declined -- some as much as 25 percent  for the first six months of 2007 compared with the first six months of 2006.  But prices in Steeplechase are down just 6 percent from January through June 2007 indicating a firmer market in the community. 

It may mean that prices in Steeplechase are reaching bottom.

In 2006 there were eight homes sold during the first six months ranging in size from 3250 square feet under air to 6752 square feet under air and ranging in price from $850,000 to $3,495,000.  The all important criteria used in comparing the price of …