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Palm Beach County 2014 Real Estate Sales Statistics

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The local Realtors Association of the Palm Beaches (RAPB) just released the 2014 real estate sales statistics figures and there are are some terrific trends to discuss.

2014-pbc-local-market-update

County wide Single Family Home prices were up 4.2% in 2014 while locally here in Jupiter prices went up by 9.1% and Palm Beach Gardens prices were up 6%.

This is terrific however the velocity of the market has increased again depleting inventory to the point where we have properties selling for above asking price.  The average marketing time for a home in Jupiter was just 75 days in December compared with the 2013 average of 122.  A significant drop.

The other sign of the times is that the months supply of inventory has dropped yet again in Jupiter from from 5.6 months in 12/13 to just 4.1 months in December 2014

After Entry

For over twenty years now R& R Realty has been helping customers buy and sell Palm Beach homes. Northern Palm Beach County is a spectacular place to live and we know every inch of it. Generally considered the end of the sub tropical zone, the Gulf Steam waters temper our climate for warm winters making for an amazing life style filled with boats, beaches, shoping, golf & convenience just 15 minutes from the Palm Beach Airport. Feel free to browse our website for more information on Palm Beach homes for sale and real estate listings including great local neighborhood maps of Juno Beach, Jupiter, Palm Beach Gardens, Singer Island and Jupiter Island. You may choose to search for Palm Beach Homes for sale on your own at first or contact us and we will help tailor a search to your specific needs. We look forward to hearing from you! If you have any questions about property for sale in Palm Beach, please call me, Chris Ryder, the owner, directly on my cell phone at (561) 818-3858.

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