The Realtors Association of the Palm Beaches (RAPB) reported some encouraging news for the housing market in Florida's Palm Beach County.
The median single family home price increased by 10% in 2012, according the Realtors Association. The median price was $212,000 in 2012, which compares with $193,000 from the previous year, according to the Realtors Association of the Palm Beaches.
Investors seemed to be very active as all-cash sales rose 10% in 2012 over 2011 (source: RAPB). I think the investment activity was a factor in the 40% decline in homes on the market in Palm Beach County in 2012 (source: RAPB).
The RAPB reported a 10% increase in the number of homes sold in the County during 2012 versus 2011. The number of home sales was 13,668 in Palm Beach County during 2012, according to the RAPB, which they reported was reminiscent of sales in 2005 (a sales boom period).
The typical home sold in 90 days according to the RAPB in 2012, which was down from 103 days a year earlier.
All of this is proof that the housing market has recently changed in South Florida. If the trend continues, it may in fact be a "seller's market" once again.
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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