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BocaCCBoca AreaPalm BeachesSE Florida

Palm Beach County Statistics
Updated in June 2014

Click here for a "Real Estate Agent" view of Palm Beach County.
We sell the Palm Beaches. Nobody does it better.

10 year chart

Prices jump higher in the first four months of the year. A strong burst in sales will reverse the surprising slump in closings (as prices continue higher).

What the "Prices" chart means:

Prices have started to rebound, reaching into the range of 2007 prices. It's a good time to buy, and the next month or two should show some housing numbers that keep sellers from getting too greedy. See the discount rate.

What the "$ SqFt" chart means:

Air-conditioned square feet are perhaps the strongest buying tool around. Although no two square feet are the same, they are a great negotiating tool with overpriced buyers. They have been creeping up since 2010, but they remain a useful bargaining chip.

What the "Discount Rate" chart means:

The discount rate is one of the most misused tools of price negotiation. Largely because it's skewed in favor of the seller, not the buyer. Here's what happens: when a listing expires, and another (or the same) Realtor® takes over the listing, the original listing price usually resets for the new listing. You can find the original asking price, but you may have to get it from the County Appraiser's Office. The real discount rate in an area could be twice as large as the one reported by a real estate board. Good price research pays.

What the chart means:

The Days on Market (DOM) number is an underused tools of price negotiation. Again, largely because it's skewed in favor of the seller, not the buyer. Here's how it happens: when a listing expires, and another (or the same) Realtor® takes over the listing, the DOM (Days-On-Market) number resets to zero. The length of time a house has been on the market is a great bargaining chip if it is a big number. But the "reset" keeps it small. Use the real number, not the reset number, and you might get a much better deal. It takes negotiation.

What the chart means:

We've started the year well in the Palm Beaches. Now it's up to the Spring Buyers. Traditionally, they ratcheted sales higher. They have done so every single year in Palm Beach since 2004. One problem: the 2014 numbers turned lower than 2013 in the Palm Beaches. Warning sign? Anomoly? The Spring buyers will tell us.

Boca Country Club: Florida's Crystal Ball

We use the Boca Country Club as a statistical crystal ball and it looks positive right now. However, the stats from the Boca area, Palm Beach County, and southeast Florida tell a story of slumping sales. We think back to the Great Housing collapse that began in 2005. The Boca Country Club predicted that collapse a year before it kicked down the doors. Let's hope it's equally smart about any future recovery.

South East Florida Year-On-Year Comparisons

Sales keep whacking their head on the reality of tough mortgages and weak appraisals. Limited hope last December helped the market stumble higher. But January reversed lower again. February continued the negative tone of real estate. March, April and May accelerated the collapse.The lack of reserves in homeowner and condo associations was rumored to halt some bank loans. Pundits will blame the arctic freeze for collapsing real estate. But these are South Florida statistics ... and south Florida escaped the polar express. April slid hard. May showed no recovery. The collapse appears real.


SE Florida Sales

SE Fl Sales

 


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Bocasite Real Estate

Contact Information

Mailing Address: 3755 Mykonos Court, Boca Raton, FL 33487
E-mail Address: kerstin@bocaswede.com or temple@sellnow.net
Direct Phone: 561-241-6323
Cell phone: 561-271-8121 (Kerstin) 561-251-6187 (Temple)
Direct Fax #: 561-241-6358

Office Address: Templeworks Properties LLC, 3755 Mykonos Ct., Boca Raton, FL 33487

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Disclaimer: The information at this real estate site and on this page is believed to be accurate, and it is offered as such, with no guarantees or warranties, implied or otherwise. All prices are subject to revision due to real estate market conditions. Some information may be compiled from RMLS, Inc., for the period covered by the open bid web page information. In such cases, the representation is based in whole, or in part, on real estate data supplied by the RMLS, Inc. RMLS, Inc. does not guarantee or is not in any way responsible for its accuracy. Real estate data maintained by RMLS may not reflect all real estate on the market.