Here is the latest market report for Palm Beach County courtesy of the Realtors Association of the Palm Beaches. Supply is slightly up but continues to be a challenge. See the Market Reports for Juno Beach, Jupiter, Palm Beach Gardens and Tequesta below.
Palm Beach County:It’s Time to Sell
by RAPB Communications | Dec 22, 2015
Real estate market reports for November 2015 are now available. Below are the figures for Palm Beach County from the Realtors® Association of the Palm Beaches (RAPB). RAPB is the 6th largest local association in the country, representing over 14,000 REALTOR® members involved in all aspects of residential and commercial real estate throughout Southeast Florida and the Treasure Coast.
Market Highlights
“Although we are still in a seller’s market, November statistics showed signs that we are moving towards a more neutral real estate market that favors neither seller nor buyer. The median sale price for single family homes is leveling, fluctuating between $285,000 and $295,000 for the 5th consecutive month, and months’ supply of inventory is continuing to inch towards the benchmark for equality. If you have been on the fence about listing your property in Palm Beach County, now is the time to contact a REALTOR®.
Market Detail (Year-over-Year)
In the single family homes sector, we saw gains in the following categories year-over-year: closed sales increased 7.4% from 1,104 to 1,186 transactions, median sale price increased 11.3% from $265,012 to $295,000, and average percent of original list price received increased 0.5% from 93.0% to 93.5%. Meanwhile, median days on market decreased 40.3% from 62 to 37 days, and inventory levels continued to decline, down 3.6% from 7,591 to 7,320 active listings and down 15.9% from 5.7 to 4.8 months’ supply.
In the townhouses/condos sector, we saw gains in the following categories: closed sales increased 2.1% from 847 to 865 transactions, median sale price increased 5.3% from $133,000 to $140,000, and average percent of original list price received increased 1.1% from 92.1% to 93.1%. Meanwhile, median days on market decreased 33.3% from 54 to 36 days, and inventory levels continued to decline, down 1.0% from 6,231 to 6,170 active listings and down 6.8% from 5.6 to 5.2 months’ supply.
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Juno Beach Real Estate Market Update
Courtesy of the Realtors Association of the Palm Beaches
[button url=”http://jupiter-real-estate.gailmarcarelli.com/idx/city-b006-Juno%20Beach-23618″]Homes for Sale in Juno Beach[/button]
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Jupiter Real Estate Market Update
Courtesy of the Realtors Association of the Palm Beaches
[button url=”http://jupiter-real-estate.gailmarcarelli.com/idx/city-b006-Jupiter-23621″]See Homes for Sale in Jupiter[/button]
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Palm Beach Gardens Market Update
Courtesy of the Realtors Association of the Palm Beaches
[button url=”http://jupiter-real-estate.gailmarcarelli.com/idx/city-b006-Palm%20Beach%20Gardens-35210″]See Homes for Sale in Palm Beach Gardens[/button]
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Tequesta Real Estate Market Update
Courtesy of the Realtors Association of the Palm Beaches
[button url=”http://jupiter-real-estate.gailmarcarelli.com/idx/city-b006-Tequesta-46056″]See Homes for Sale in Tequesta[/button]
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