Palm Beach County in Florida is always considered one of the best places in America to move to or have a second home.
With endless beautiful beaches, lakes and waterways connecting to Atlantic Ocean, Palm Beach County is make the best place to live. You can find any types of properties, from rural equestrian ranches, to suburban gated communities as well as waterfront and coastal condominiums and luxury homes. Palm Beach County has something for everyone who likes sunny weather, and close access to water.
Palm Beach County has been growing in population for last decade very aggressively. The growth is supported by new development that attracts families, investors, seniors and international buyers. With the large number of buyers, the property values have been on the rise.
The 2018 summer season was unusually slow for Palm Beach County real estate sales and new listings.
Now, entering to full season 2018, we are seeing as real estate transactions and new listings are ramping back up.
The total number of listings available is lower now, than this time 1 year ago and the absorption rate is low, below 5 months.
The sold to list ratio holding steady near 93%.
However, like most years we can expect to see the sales volume rise into the winter months and will likely to continue this year into the spring. Once sales pick up momentum, owners who have been putting off the listing of their property, will begin to find more confidence that this is a great time to sell.
Bottom line: 2018 has been a good year for property owners, as sold and listing prices are up in Palm Beach County.