Palm Beach Gardens condominium prices continue to climb

Thankfully the cost of borrowing money is sitting near all time record lows as the median purchase prices of condominiums and single family homes continues to climb here in the Northern Palm Beaches.

Condo prices with logo

Over the past 30 days the median price of a condo in the Palm Beach Gardens area is up for the 6th time in 7 months. During that span the median condo price is up over 13%. Sales continue to lag 2015 numbers and this month was no different with condo sales about 16% below last years. Even with these recent price increases the median condo price in the Palm Beach Gardens area is still about 22% below the record highs last seen 10 years ago.

Still waiting to see how long it takes before the recently approved FHA financing on condos will become a reality. If other market forces remain constant this financing should provide a solid boost for condo prices especially in the lower price ranges. First time buyers, seniors looking for a reverse mortgage, condo owners looking to refinance; there are many who will benefit from these new relaxed mortgage opportunities.

Paradise Sharks next pricing update will deal with what is happening with single family prices and look for last months strong numbers to continue. If we can ever be of help answering any of your real estate questions please feel free to contact us anytime at 561.308.0175 or info@paradisesharks.com. We LOVE to help!

 

Fins up……..

 

 

 

#palmbeachgardenscondo

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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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