Palm Beach County Home Sales — 2011 vs 2012 The Real Deal

Palm Beach County - The Harelik TeamWe keep hearing how the Real Estate Market is improving.  Well, that depends on where.  Each City, Each County and Each State have different statistics.  Some of the statistics are good and some, not so good.

This Blog post will concentrate on Palm Beach County, Florida with information provided by Trendgraphics, Inc.  Being a Florida realtor, I know that the market has improved.  It’s improved for several reasons one of which is low interest rates.  Other reasons include that there are now less homes in inventory coupled with increased home sales.  That’s a combination that generates homes selling faster and for more money.  Below is information showing this to be true.

Here are the statistics comparing:

Dec 2010 thru Nov 2011                          to                Dec 2011 thru Nov 2012

121,234 HOMES FOR SALE
A decrease of 15,922 homes – Down 14.25%
105,312
11,790 HOMES SOLD
An increase of 941 homes – Up 7.4%
12,731
$332,000 AVERAGE SALE PRICE
An increase of $12,000 – Up 3.5%
$344,000

The following trends have been shown over the past 2 years

  • The number of homes for sale decreased in 19 of the past 24 months
  • The Selling Price to List Price ratio went from 89.25% to 91%
  • The Days on Market decreased by 3.9%

All seasons in Palm Beach County are active real estate seasons.  A combination of buyers alternate throughout the year.  They include: Families, Equestrians, Active Adults, Foreign Visitors, Snowbirds and Snowflakes.  There’s always activity for home sales in Palm Beach County.

The charts below details the information gathered above month by month.
2011
2011 Stats

2012
2012 Stats

Trendgraphics DisclaimerSupplied by MLS

Want to know More?  Searching HOMES FOR SALE is easy.  Just Fill in the blanks and it will present itself to you.  Click this link if you want to know about 35 POPULAR OVER 55 COMMUNITIES.

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