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Where can I find real estate in west palm beach fl?

Real Estate in West Palm Beach FL | Still a Buyers Market in 2018?

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As 2017 came to a close, the real estate in West Palm Beach FL market continued to favor sellers. Will that trend continue in 2018 though?

Well, if December’s numbers are any indication, this will continue to be a seller’s market. The median price of single-family houses sold by Realtors last month was $341,500, up 8% from a year ago. Palm Beach County’s market activity has also been shifting to higher-priced homes. The number of sales of houses priced at less than $250,000 plunged by double digits from December 2016 to December 2017. Conversely, the number of sales of houses priced at $400,000 or more jumped by double digits.

While the change could simply reflect the reality that home prices are rising, it also has to do with the fact that foreclosures and other less-than-desirable properties mostly gone from the market. Sales of houses in the $400,000 to $600,000 range jumped 19% over the past year, while sales volumes for mansions priced at more than $1 million soared 16%.

While home prices soared, condo and townhouse prices didn’t. The median price was $166,000 in December, up just 1.5% from the same time last year.

Who sells the best real estate in west palm beach fl?

Are You Looking for Real Estate in West Palm Beach FL?

While it might be a “seller’s market”, it is still a great time to buy and there is a great inventory of houses, condos, and townhomes currently on the market. We will work with you to put you in the home, condo, or townhouse of your dreams. If you are thinking about purchasing a new home, contact us at Logan Realty today.