The Realtors Association of the Palm Beaches (RAPB) just released the market statistics and sales data for both Palm Beach County and the local markets including Jupiter and Palm Beach Gardens.
Palm Beach County saw a 10.9% increase in the median sales price of single family homes which put it up to 305k and over the 300k mark again. The volume of Closed sales was up year over year by 6% and most surprisingly the median days on the market is now just 38, down from 56 for the same time last year. Town houses and condos had a 10.7% increase in the median sales price to 155k.
In Jupiter-PBG-Dec-2015-Market-Report the median sales price was up 9.8% but closed sales are down 7.8%. This is indicative of there being just 687 homes for sale in all of Jupiter, down from 838 (-18%) from the same period last year. Jupiter finished out the year with a median sales price up 10.2% from last year and 9.1% more closed sales. The average time to market a property is now down to just 59.
In Palm Beach Gardens the median sales price was up 12.9% but closed sales are down 5.7%. Again, there are now just 707 homes for sale in all of PBG, down from 860 (-17.8%) from the same period last year. Palm Beach Gardens finished out the year with a median sales price up a more modest 3.7% from last year and an 8% increase in closed sales.
