According to Zillow.com, “nearly half of 43 communities in Palm Beach County posted double-digit price gains in October compared with their previous lows.” This is great news for both Palm Beach Gardens’ homeowners and those in need of selling their homes. In addition to this current real estate trend, all property types including single family homes, condos, waterfront or non waterfront, have seen an increase in pricing.
Some neighborhoods such as Ocean Ridge have seen an increase in home value by as much as 17.3% over the previous years worth. The Westgate-Belvedere near West Palm Beach saw the county’s record increase in home values up 47.9% over last year.
So what does this mean for potential home buyers in Palm Beach Gardens Florida? Well, simply put the sooner you buy a home, the more money you will save in the long run. In fact, some sources say that if you are a bargain house hunter, than you may have missed the boat! With that said, because home values are on the rise in Palm Beach Gardens, local banks are lending more cash for residential mortgages now than over the past 4-5 years.
My advice, don’t wait to much longer if you are seriously thinking about buying a home or condo in Palm Beach Gardens, Florida.