The Palm Beach Real Estate Market: A Cooling Off
The Palm Beach real estate market has been on a tear in recent years, but there are signs that it is starting to cool off. Closed sales and cash sales are both down, and median sale price is up, but not as much as it was in previous quarters. Dollar volume is also down, and median percent of original list price received is down. Median time to contract and median time to sale are both up, which suggests that homes are taking longer to sell.
These trends suggest that the market is becoming less competitive, and that buyers may have more negotiating power. However, it's important to note that these are just a few statistics, and they don't tell the whole story. The real estate market is complex, and there are many factors that can affect prices and sales.
If you are thinking about buying or selling a home in the Palm Beach market, it is important to talk to a real estate agent who can help you understand the current market conditions and make the best decision for your needs.
The Scott Gordon Group is a recognized industry leader for luxury oceanfront & lakefront condominium sales as well as being experts in the residential market on the Island of Palm Beach. We have the knowledge, creativity, skill, and continuous effort to help you sell your home for the best possible price.
Contact us today to learn more about the Palm Beach real estate market and how we can help you achieve your real estate goals.
About The Scott Gordon Group
The Scott Gordon Group is a team of experienced and dedicated real estate professionals who are passionate about helping our clients achieve their real estate goals. We have a deep understanding of the Palm Beach market and we are committed to providing our clients with the best possible service.
We offer a full range of real estate services, including:
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Listing and selling homes
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Buying homes
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Property management
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Rentals
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Vacation rentals
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Foreclosures
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Short sales
We are committed to providing our clients with the best possible service and we are confident that we can help you achieve your real estate goals. Contact us today to learn more about how we can help you.
