December homes sales in North Palm Beach were SPECTACULAR!
Welcome to our first sales report of 2011 and what a way to start off the new year. Interest rates were down the first week of the year and now I have the pleasure to report that December single family home sale in North Palm Beach jumped off the chart from November levels. It also was tied as our second highest sales month of 2010 and a sign that things are moving in the right direction. During December our local MLS system shows a total of 14 successful closings as of this mornings’ update. That compares with 3 sales in November and one of the better performances we have seen in a very long time.
Sales last month were not only very strong but they were also spread across all price categories. People are in fact starting to spend again which is what this economy needs to continue growing. The chart below shows the percentage of sales by price category for the month of December.
With sales strong across the board last month we also saw a significant jump in the median priced sale. The median price increased dramatically to $450,000 which in fact is a tie for the third highest month we have seen in the past year. Once again, the “season” should bring more sales of the higher priced product and no doubt we will see nice increases in the level in median sales prices over the coming months. The chart below shows median prices through the entire year of 2010.
A professional real estate agent watches these market trends very closely as the data is very important to our clients, whether they are buying or selling, to paint a picture of where the market may be heading. If you would like any additional information on a specific home, neighborhood, or community please feel free to contact me. I am easily reached at 561 308-0175 or via e-mail at firstname.lastname@example.org and would be happy to be of assistance with any of your real estate questions. After just one call you will know why “Results Driven Real Estate” is your top choice for professional real estate services in North Palm Beach and the surrounding areas.
Always at Your Service,
Tom Priester e-PRO
”Results Driven Real Estate”
Keller Williams Realty