Plenty of parks, water views, and an older community make Palm Beach a lovely place to start looking for your new with buyers advocates. A slight dip in the population has opened up a few homes and units ranging from 1 bedroom up to 6 bedrooms, with 1 to 4 bathrooms, and 2 car garages. Prices are set at a median of $1.6 million for homes, with a range of $450,000 to $3.6 million on units.
Buyer’s agent Palm Beach data shows a housing boom occurred in March and April 2014 before prices levelled off at a more reasonable $1.6 million. For the moment there is a low demand in the area, which seems to coincide with a low supply of under 50 homes and units. Prices dropped by 8.8% in homes, although unit pricing did not change.
If you are ready to buy property, Cohen Handler is available to help you. With a low supply of homes, there is a chance prices will increase again as 2015 continues. Buying while they are still low is a good investment strategy.