There is a lot of talk of a softening real estate market. How would you describe the real estate market in North Palm Beach?

Stephan
Home Buyer
San Francisco, CA

How long do homes typically sit on the market in this city?

Answers (3)

today, about a year later, i would describe it as a disaster
i hope you didn't buy a house
28% declines, ouch
wait
be patient
rent
it is much cheaper to rent
anyways


good luck

Wed Mar 19 2008, 12:11
Daisy Romero
Agent
North Palm Beach, FL

Homes sitting on the market depend on the seller's motivation. Properties priced correctly in today's market will move quicker than those trying to hold out for more money.

Mon Apr 23 2007, 15:51
Marilyn Peirce
Agent
Singer Island, FL
FIRST ANSWER

North Palm Beach is typical of other areas in Florida real estate - in comparison to the last few years in the boom market, activity has slowed its pace considerably. This is great time for Buyers to take advantage of opportunities to purchase homes and condos at value pricing. Each property needs to be carefully evaluated and timing is everything in real estate. Typically homes are on the market for over 6 months unless they are priced to sell at significant discounts to average selling prices. A professional Realtor will prepare a Comparative Market Analysis for you to guide you through this process when purchasing real estate.

Mon Apr 23 2007, 15:51

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