Existing homes sales in Palm Beach County rose 18 percent in the second quarter of 2011 over the same time last year, as compared to a statewide increase of 1 percent. Nationally existing homes sales fell 13 percent. The median sales price for single-family homes in Palm Beach County decreased 13 percent to $206,000; the statewide median sales price decreased 5 percent to $134,600, according to Florida Realtors. Nationally the median existing single-family home prices was $171,900, a decrease of 2.8 percent from a year earlier.
Southern Florida has seen in influx of investors and foreign buyers snapping up fantastic real estate deals. While our market may have been hit hard, Palm Beach County is still one of the most beautiful and desirable places to live and buyers are taking advantage of the lower prices.
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