Weiss Clawson's Blog: Real Estate Market Updates

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…

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…

The Weiss-Clawson Team will provide you with up to date real estate market reports on home sales in Palm Beach Gardens, Palm Beach Country and in any community that interests you. We provide these services routinely for our clients and are now putting these reports on our website.  Check us out!

 Market reports can help you determine when is the best time for you to buy or sell your home.

Though generally heading down, there are some months when home prices and sales actually increased.  And while those following the market believe that we have at least one more year of declining home prices, sales figures are up, indicating that when priced right, homes will sell.

The Weiss-Clawson Team is a duo of award winning agents, focussed on providing…

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…

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…