Delray Beach FL Real Estate Market Going Strong

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Delray Beach FL Real Estate Market Going Strong

Posted by Web Master on Wednesday, March 27th, 2013 at 12:26pm.

While markets all across the country have been trying hard to make the best out of a tough situation, not every market is seeing troubles. In fact, Palm Beach County and close areas have been seeing some significant prosperity here in the past year, and no doubt it's because it's one of the most beautiful and coveted places to live in the country. Just how strong is the current real estate market in Palm Beach? According to figures from Florida Realtors, sales actually increased 24% in 2011. That is a major increase, especially compared to other areas of the country that only saw marginal increases in sales for the year. It's a testament to just how in demand homes are in this area, and indicates that markets will likely continue to stay up in the coming 2012 season. We're especially excited to see even more sales, as the Spring season is just around the corner. While sales trended upward in a big way, there was a bit of a disappointment in terms of home prices, which went down to an average price of just under $194,000. Experts aren't too worried though, as demand has been trending upward and with that will likely come an increase in prices as bidding wars develop for properties that families want. For more news and updates on luxury homes and real estate in the West Palm Beach area and surrounding communities, keep coming to visit us here at the Lang Realty official blog. Source: Palm Beach Post

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