January 28, 2015

Florida Property Values

Real Estate Values in Palm Beach County

Compare properties in this interactive photo gallery

What will $200,000, $500,000 and $1,000,000
buy in PALM BEACH COUNTY?

"It's like somebody flipped a switch. It started in January 2011 and hasn't stopped," says Nita Summers, a Palm Beach real estate agent with Keyes. Prices remain weak. Cash buyers -- "a lot of Canadians" -- are common. "I did $9 million in sales last year -- not one single mortgage," Summers says. Construction has resumed. The under-$200,000 market has stabilized, but the market for pricier homes remains glutted, says Chappy Adams, Illustrated Properties president. He reports a 37-month supply at $750,000 and up compared to a 10-month supply in all ranges. "I think 2012 will be the year we start heading toward a normal market," Adams says.

Click any photo to enlarge:

$200,000 $500,000 $1,000,000
Palm Beach County $200,000 home

Palm Beach Gardens
Square Feet: 2,084
Bedrooms/Baths: 4/2
Age: 7 years
Selling Price: $200,000

The lakefront house has a view of the community pool.

Roll over and click the right side of the image to move forward

Boca Raton
Square Feet: 2,963
Bedrooms/Baths: 4/4½
Age: 16 years
Selling Price: $500,000

The house is on a greenbelt and has a covered patio.

Roll over and click the right side of the image to move forward

Delray Beach
(Lake Eden)
Square Feet: 5,114
Bedrooms/Baths: 5/5
Age: 31 years
Selling Price: $1 million

The lakefront home has cypress wood-beam ceilings and a pool.



Tags: Southeast, Housing/Construction

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