We’ve all heard the phrase “cash is king” and while that may still be true in the luxury Jupiter and Palm Beach real estate market, fewer home buyers are actually paying all cash for a home or condo in the area.
According to recently released data from local Realtor boards, more than half of all home and condo sales in Palm Beach and Broward counties in 2014 were all-cash transactions, suggesting the luxury market, as well as the investment market, is alive and well down here in South Florida.
However, a more recent look at the Palm Beach area market is now showing cash sales are slowly declining, which to some degree, can certainly be viewed as a good thing. Taking the luxury segment out of the equation, buyers paying all cash for a home or condo are
