2009 was exceptionally slow for real estate in Palm Beach with sales very few and far between. The season in Palm Beach is over for 2010, and the great news is that the climate has changed. It seems that the unrealistic buyers and sellers have come to agreements and the property prices are falling to a realistic level.
A quick view of the sales from 2010 shows 41 Single Family Homes and Lots sold from 1/1/10 – 5/28/10. There are another 9 listings that are currently under contract and awaiting closing. In this same period, from 1/1/09 – 5/28/09 – there were only 17 Single Family Homes and Lots sold.
There were 110 Condominiums, Town homes, and Co-Ops sold from 1/1/10 – 5/28/10. There are another 46 listings that are currently under contract and awaiting closing. In this same period, from 1/1/09 – 5/28/09 – there were only 79 Condominiums, Town homes, and Co-Ops sold.