The Florida Association of Realtors is reporting that a total of 11,200 existing single-family homes changed hands in April. This represents a 20 percent increase over the previous month when 9,330 homes sold. The group also reports that existing condo sales statewide rose 21.6 percent, with 3,900 units sold in April compared with 3,207 condos in March. Surely, Palm Beach condo sales have been included in the statistical averaging.

Of interest is also that he median price for existing condos increased slightly as well during the one-month period. The median price of an existing condo in April was $179,200, up 1.6 percent from March’s figure of $176,300.

Real estate agents generally concur that it’s encouraging that they are working through inventory. In many locales their area is thriving in terms of business diversity and job opportunities relating to bio-tech and research industries.

The environment for buyers couldn’t be better in Palm Beach real estate. Florida Mortgage rates are still at historic lows and Congress is working on legislation that will boost the recovery of the housing sector.

Real estate agent Caesar Parisi stands ready with effective advice on buying or selling a Boca Raton Home.

click here for article

search for : ,