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2014 STRONG SUMMER BUYING SEASON

Posted by zzz - Lorea Thomson on Wednesday, July 23rd, 2014 at 10:16am.

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According to a report released Tuesday by the Realtors Association of the Palm Beaches the number of single family homes sold last month countywide was 1,636.  That number of sold homes was equal with May 2014, but 21percent higher than the same time last year in 2013.

Statewide, Florida has seen an increase of 5 percent in the median price for a single family home, up from 2013 and an increase of 3 percent from May 2014.  The volume of sales last month was 23,181, a 15 percent annual increase and 1 percent higher than May 2014.

June 2014 marked the 31st  consecutive month in which sale prices rose statewide on an annual measure for both single-family homes and condominiums.

Palm Beach County condominiums sold in June at a 20 percent increase from June of 2013.  The median condominium price was up 8.5 percent from last year.

If you care to discuss the status of the real estate market in your area, please contact the specialists in waterfront at Waterfront Properties and Club Communities by sending an email to RobThomsonTeam@WFPCC.com or call Rob Thomson’s Team at 561-746-7272.

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