[CITY] Real Estate News

For those who keep a close eye onthe Palm Beach market, you must already realize that there is an increase in the number of house transaction so far in 2011.

In the second quarter over the first quarter, there is an increase from 27 sales within the town to 54 which includes North, Midtown and South. These numbers do not include condos.

At the same time the median sale price is down $575,000 and the Average Sale Price is down $333,000.

Have we reached a bottom? I believe we are scrapping along the bottom and anyone buying right now is getting the best of the market as well as locking in never to be seen again low interest rates, for those who choose to finance.

If you have been sitting on the fence and waiting for "The Bottom" we hope you will not become one of those buyers who will be saying years from now..."I could have bought back in 2011, but I just thought the market was going to go down another 30%."