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Agent2Agent in Palm Beach Shores : Real Estate Advice

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Activity 2
Sat Dec 8, 2012
Chris Heine answered:
John,

My father had a few units in the Tiara and has since sold them. It really depends what you have invested in these units and what you can expect as a return on your money in other areas right now. If you are able to hold the units until the new construction and new deals in the area are finalized then you may be able to profit if you are invested at the right price. There is only so much left on Singer Island. If you feel you can have the liquid money work for you in other real estate deals in the near future it may be worth getting out of these long term deals. Contact me with any questions, 561-718-7578 ... more
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Tue Aug 10, 2010
Tom Priester answered:
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
... more
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