Well, the Realtors Association of the Palm Beaches just released the sales stats for May 2015 and the news is no new to those of us on the ground. This is a link to:
County wide single family homes sales volume is up by 6% and sales prices are up by 5%. On Condos the county median sale is up by 12.6%. These are terrific numbers but to me the most important one is that the average days on the market is now just 42 days for single family homes and has dropped by 25% in the last year.
In Jupiter the trend continues to upward with the median sales price increasing again by 13.6 percent when compared to the same time last year and 14% so far this year. Again we see the days on market down considerably by over 10%
In Palm Beach Gardens the median sales price is up over 13% and market time is down by 8.3%. However the sales in Palm Beach Gardens are not quite as good as Jupiter as the year to date price increase is only 4.6%. I would attribute this difference in part to the fact that the sales did not fall as hard in PBG as they did in Jupiter.