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Featured Listing

8167 Spyglass Drive: $ 369,000
Bedrooms: 3, Bathrooms: 4

Market Report - Dec 2009

PALM BEACH GARDENS HOME SALES BRISK AS PRICES
INCREASE IN DECEMBER OVER NOVEMBER

Home prices in Palm Beach Gardens and throughout Palm Beach County rose about 8 percent in December, 2009 compared with November, 2009.  And the number of homes sold in December increased 14 percent over the prior month.

There are still great values for buyers in this market and there are many seasonal and full time residents looking for new homes in Palm Beach Gardens and throughout the county.

The median single family home price in Palm Beach Gardens was $247,900 in December, according to statistics released today by the Florida Association of Realtors.  The number of homes sold in Palm Beach County was also up significantly over November going from 690 to 763

December's statistics stemmed the downturn in prices and sales volume felt in November as the first time home buyer tax credit was set to expire.  But the Congress extended the program and expanded it to some existing homeowners helping to spur sales and an increase in prices.

But there still remain significant numbers of homeowners whose mortgages are more than their homes are worth today.  Prices now are about where they were in July, 2003 when the median price of a single family home was $244,500. 

The condo market saw an equal jump in prices throughout the county with the median price of a condo reaching $111,400 in December, 8 percent higher than in November.  And sales of condos jumped about 10 percent in December over November.

It remains an excellent time to buy a single family home or a condo in Palm Beach Gardens and throughout Palm Beach County as prices struggle to go higher. 

The Weiss-Clawson Team researches home prices throughout Palm Beach Gardens and Palm Beach County to provide the most up to date information to our clients.  If you are interested in buying or selling a home in Palm Beach Gardens or anywhere in Palm Beach County, contact The Weiss-Clawson Team directly.  We look forward to hearing from you and to working with you.