Condo Sales In Palm Beach Gardens Area Continue to Slow

Year over year numbers down 33%

As of February 15th condominium sales in the northern Palm Beach County region fell again to the lowest levels we have seen in well over a year. As we saw with our single family home report earlier in the month sales have slowed making one question just how strong the real estate recovery will be moving forward.

Condo Sales

Over the past 30 day period we have had 74 units closed in the area compared to 88 last month for a drop of 16%. This marks the 7th month out of the last 10 where sales have dropped lower and these numbers are running just about 30% below our 12 month average. It also breaks the old 12 month low set back on September 15th of last year. Condo sales were starting to hit new highs last year at this time and stayed very strong through June. Only one time since June of last year have we had a mid month number show sales above 100.

With the “season” in full swing we usually expect a boost in condo sales so look for higher numbers over the next 3 to 4 months. If we do not see increases from these levels it is hard to imagine a scenario other than one of condo prices sliding further away from the highs we experienced last fall. Always interesting, always fun.

Fins up……….

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Published by

Tom Priester

After spending years among the top individual performers at one of Palm Beach County’s largest and most successful real estate brokerages, Tom Priester knew there was another way to do real estate. A better way. Real estate services focused on the customer. Like the old days when the customer truly was #1. He tired of listening to why he should be going out to have his customers sign one sided buyers’ brokerage agreements. He tired of hearing how he should be selling customers why paying higher commissions, like 7% and 8%, was to their benefit. He tired of hearing how he should sell his clients on why they should be paying hundreds of dollars in additional “transaction fees”. The business had slid way too far from being focused on the customer. His customer. So he decided the time was right to be different…..by design. To start his own unique boutique real estate firm truly focused on his customers. They will now have access to a process focused on them. Only the best marketing techniques to sell their homes. No cutting corners. Commission structures based on his clients needs not his. Paradise Sharks was born out of Tom’s passion to return this business to the customer. Where it belongs. If you want a real estate experience that benefits you, just give Tom a call at 561 308-0175 or send him an e-mail at tom@paradisesharks.com. You can always pay more and receive less but that just would not make any sense. Would it?

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