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John Harris, Real Estate Pro in Branchburg, NJ

What are there major differences between the high rise properties on Singer Island? Is the south better than the north part of the island?

Asked by John Harris, Branchburg, NJ Tue Aug 10, 2010

Looking for some comments regarding the different opportunities on Singer Island now, and where you see the market going for the Island (next 5 years) in general and different properties specifically. Thanks.

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John,

Most of the significant differences lie in the buildings themselves and there are some great ones but much inventory to be sorted through before we have a handle on where prices are heading in the long term. Perhaps the most important recent development is the bulk sale of the remaining 150 unsold units at 2700 North Ocean in June. This development features twin towers and had a true condominium component as well as hotel/condo units. It will be very interesting to watch what the new owners have planned for the marketing of these units.

Looking at the supply of units in comparison to recent demand I would be betting on pricing pressure for the foreseeable future but in the long term those who buy wisely should be rewarded.


Always at Your Service,


Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308--0175
tom@tompriester.com
Web Reference: http://www.tompriester.com
0 votes Thank Flag Link Tue Aug 10, 2010
The southern portion of Singer Island is closest to the waterway entrance to the Port of Palm Beach while the northern portion of the island is closer to the second island access to route US 1.

Based on signer Island's proximity to Palm Beach and desirable waterfront location we would speculate that values would be relatively stable and redevelopment would be on the rise.

Singer Island is definitely a location worthy of monitoring for investment purposes......

Good luck,

Bill
0 votes Thank Flag Link Tue Aug 10, 2010
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