Real Estate Market Updates

HOMES SALES, PRICES STILL SLIDING AS INVENTORY RISES

Weiss Clawson posted this 770 Views

Home and condo sales and prices in Palm Beach Gardens, West Palm Beach, Juno Beach, Jupiter,  North Palm Beach and all of Palm Beach County continued to decline in February 2007 compared with February 2006. Figures released by the Florida Association of Realtors show a decline of 21 percent in single family homes sales in February 2007 compared with February 2006. The number of condo sales declined 14 percent during the same period in Palm Beach County. The median price of single ...

PROPERTY TAX RELIEF -- STARTING OVER AGAIN

Weiss Clawson posted this 892 Views

Word from those watching the Florida State Legislature is that lawmakers are starting over again in crafting a plan to reduce property taxes for homeowners in Palm Beach Gardens, West Palm Beach, Juno, Jupiter, North Palm and throughout the state. The first proposal given serious consideration involved rolling back tax bills to 2001 levels and then increasing them in proportion to specific economic indices, such as the Consumer Price Index.  That was coupled with a plan to ...

HOMEOWNER INSURANCE RATES DECLINING & PROPERTY TAX RELIEF COMING

Weiss Clawson posted this 977 Views

Declining insurance rates coupled with anticipated property tax relief could provide a jumpstart to our sluggish real estate market in Palm Beach Gardens, Jupiter, Juno Beach, West Palm Beach and throughout Palm Beach County. As the legislature works through proposals to reduce property tax bills, homeowner insurance companies are releasing information detailing lower costs for home insurance, as mandated by the State Legislature in January. State Farm Insurance, the company with the l...

PROPERTY TAX RELIEF STILL BEING DISCUSSED IN TALLAHASSEE

Weiss Clawson posted this 824 Views

Property tax relief for residents of Palm Beach Gardens, West Palm Beach and throughout Florida has disappeared from the front pages of our newspapers.  That could mean that lawmakers are seriously working out of the spotlight on proposals to lower our property tax bills. When we last visited this issue, Republicans had advanced a proposal that would roll property tax bills back to 2001 levels, then provide increases based on economic factors such as the Consumer Price Index. Demo...

PROPERTY TAX RELIEF GETTING ATTENTION IN TALLAHASSEE

Weiss Clawson posted this 988 Views

Homeowners in Palm Beach Gardens, West Palm Beach and all communities throughout Florida are watching early actions in Tallahassee on property tax relief. The House Government Efficiency and Accountability Council last week approved a measure that experts expect could cut property taxes in Palm Beach County as much as 30 - 40 percent and cut taxes statewide by about 20 per cent.  The legislation would roll property tax rates back to the 2001 level, then readjust for the current ...

READY FOR PROPERTY TAX RELIEF

Weiss Clawson posted this 850 Views

We are anxiously awaiting and actively watching efforts in the Florida State Legislature to provide property tax relief for people in Palm Beach Gardens, West Palm Beach and throughout the state. With the legislature convening yesterday (March 6) there has been much rhetoric in Tallahassee about the need to change property tax calculations so that bills are more equitable.  Today two neighbors in identical homes are likely paying very different tax bills. This disparity has negati...

REAL ESTATE ACTIVITY INCREASING, BUT SALES STILL DECLINING

Weiss Clawson posted this 774 Views

January 2007 real estate sales statistics for Palm Beach Gardens, West Palm Beach and all of Palm Beach County continue to show a decline, but the numbers appear to be moderating. Home resales declined 15% in January 2007 compared with January 2006, but it was substandially less then the 27 percent state wide decrease in home sales.  Median home prices also continued to decline, 1 per cent down in January 2007 compared with January 2006.  That places the median home price in...

PROPERTY TAXES ... IS RELIEF ON THE WAY IN FLORIDA?

Weiss Clawson posted this 800 Views

With escalating property taxes negatively impacting much of the real estate market in Palm Beach Gardens and throughout Florida, we are beginning to see signs that our State Legislature has heard our pleas and will consider the issue. Property taxes in Palm Beach Gardens and throughout Florida are tied to the sales price of a home.  With the price of real estate seeing double digit price increases over the past three or four years, property taxes increased proportionately.&...

End of Year Report for 2006

Weiss Clawson posted this 815 Views

2006 was a year of course corrections for the real estate market in Palm Beach Gardens, West Palm Beach, Jupiter, North Palm Beach, Palm Beach County and the entire Southeast Florida region. The number of homes on the market increased significantly and the number of buyers decreased even more.  Price appreciation, which was increasing at a rate of 20% - 25% a year, is subsiding as sellers become more realistic about their property.  It is a wonderful time to buy a home in Pa...