Brisk home sales and firm prices in Palm Beach Gardens, West Palm Beach and throughout Palm Beach County are solid indicators that the housing market hit bottom last winter.

From February when a low median price of $228,100 for a single family home in Palm Beach County was hit, prices advanced seven percent by July to $245,200, according to statistics released today by the Florida Association of Realtors.   And sales numbers remain significant with 859 homes sold in July compared with 652 a year ago, an increase of nearly 25 percent.

Savvy buyers are dominating the market acquiring homes at bargain prices during this period.  And many communities (especially those with large numbers of foreclosures and short sales) where prices were low and the number of available homes high are now seeing just one or two units on the market.  Not long ago there were 20 or so homes and townhomes for sale in the Palm Beach Gardens community of Montecito.  Today there are just two townhomes and six single family homes available.  Prices of many homes were below builder’s prices in 2004 when the community was new.

While there are still large numbers of homes available for sale, the best homes (priced right) are selling more quickly.

If you are ready to buy or sell now or soon, The Weiss-Clawson Team wants to work with you.  We are knowledgeable about the real estate market throughout Palm Beach County and provide updated pricing information to our clients.  Please contact The Weiss-Clawson Team directly. 

We look forward to hearing from you and to working with you.