Tagged : Palm Beach County Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

We’ve all heard about or seen the statistics relating to Millennials and younger professionals postponing home ownership, but according to some recently released numbers, it might finally be time to give up that apartment and make the long-awaited transition from renting to owning.

Believe it or not, a story recently published from the Sun-Sentinel is showing that the cost of buying a home throughout much of South Florida is now 50 percent cheaper, which is the fifth-highest spread among the top 100 metro areas in the country.

For the most part, home price increases have leveled off over the past 12-18 months, while rental rates on apartments and single-family homes in the Palm Beach

Home sales in Palm Beach County are soaring, and if you need proof, ponder this: the Palm Beach County area tallied 1,687 sales of existing single-family homes last month—a number that’s 38% higher than March 2014, and a number that also achieves that status of being the most homes sold countrywide in a single month over the past 11 years.

Generally speaking, the spring season is traditionally one of the busiest times of the year for the real estate market in any part of the country, as many buyers want to ensure they find a great place and are completely settled in by the time the school year and fall season roll back around.

But even despite this busy time of year, the high number of sales last month has many industry professionals believing that the

According to the most recent S&P/Case-Schiller Home Price Index, home price increases in South Florida are among the best in the entire country right now, as Palm Beach, Broward, and Miami-Dade counties saw an 8.4 percent jump in December from a year ago—a percentage that’s only 2nd to San Francisco’s 9.3 percent increase.

Many housing experts across the U.S. consider Case-Shiller to be the best indicator of home prices due to it tracking individual houses over time rather than using median home prices and sold homes in any given month.

However, it’s important to note that the index isn’t fully up-to-date with Realtor board numbers, not to mention it doesn’t include condo prices, which are especially relevant in oceanfront communities around Palm Beach

Known as America’s luxury home builders, Toll Brothers has been atop the residential new construction industry since it was first established all the way back in 1986. With high-end communities situated all over the country, there may be no better showcase of extravagant Toll Brothers homes for sale then right here in Palm Beach County, Florida. As the second largest county in the state, as well as the wealthiest as of 2004, it seems to make sense why Toll Brothers and various other national home builders have such a strong presence here, and given its desirable waterfront location and warm tropical atmosphere, what better place to offer the best in fabulous new construction homes?

To date, Toll Brothers has 7 different communities in Palm Beach County

...So Act Now If You're Interested in Purchasing a Home

Just as we start to see some positive news relating to the Palm Beach real estate market, another problem presents itself. Earlier this week the Palm Beach Post reported that existing single-family home sales around the Palm Beach area increased 22% in October from this time last year. In addition, single-family home sales are also up an encouraging 12% from this past September. Prices for homes on the Palm Beach real estate market are also climbing and have seen a 23% hike since October 2011—a sure sign of an improving market that desperately needs a boost. The problem however, is that with more homes being sold and less homes being built around the Palm Beach area, the remaining inventory has