Palm Beach County Real Estate Price Gains Top Nation

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Palm Beach County Real Estate Price Gains Top Nation

Posted by Web Master on Wednesday, March 27th, 2013 at 3:36pm.

Home prices for Palm Beach County Real Estate reached bottom in April 2012, allowing a recovery to begin and soon after foreclosure activity became only secondary subjects. The Palm Beach Post enthusiastically reported that median sales prices of Palm Beach homes had reached the second highest level in the nation by December 2012, meaning home prices had climbed a remarkable 35 percent. Consultant Stan Geberer backed up reports from other Realtors by pointing to the dwindling inventory of single-family homes and condominiums. In November 2012, single-family home supply was down 54 percent from a year ago and condominium supply was down 47 percent over a similar period. Although job growth may still be slow, the Palm Beach Home figures do confirm a turnaround in the economy toward recovery. ZipRealty broker Lanny Baker underlines the housing market recovery in realistic light by predicting it to show a moderate to steady growth spread over several years. Lang Realty has been servicing the Palm Beach County area and the nearby Broward and St. Lucie Counties with committed and knowledgeable service for over two decades. Look through our website for recent lists and detail descriptions of luxury real estate, country club communities and waterfront properties. Call us at 877.467.0456 for expert, experienced service.

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