Boynton Beach – December 19, 2013 – November 2013 single family housing statistics reveals a pleasant surprise for Palm Beach County Real Estate.
Although November historically lags in closed sales, cash sales, new pending sales, and median sales price compared to earlier months, November 2013 showed the greatest overall improvement in Palm Beach County Real Estate compared to any month of November going back five years. This year’s November ranked best for most closed sales, highest median sale prices, and greatest number of new listings in Palm Beach County Real Estate.
Palm Beach County Real Estate foreclosure statistics for the month of November also indicate that we are moving towards a healthier real estate market. Year over year, November foreclosures show a 120 percent increase in closed sales for single family homes and 77.2 percent for townhouses and condominiums. Mortgage lenders are finally ready to foreclose now that property values are climbing – they can list and sell at higher numbers and we expect for this trend to continue.
Florida Realtors®’ 2014 Real Estate and Economic Summit from December 10, 2013 also confirmed positive progress for Florida. It concluded that 2013 was the best year for Florida’s real estate since the great recession and Dr. John Tucillo, Florida Realtors®’ Chief Economist, predicts 2014 to show continuous strength.
Quail Ridge is also having a near record year for sales! We have sold 70 homes and welcomed 53 new members so far this year! That is 13 more than 2012 sales of 57. View Quail Ridge Listings