West Palm Beach
Real Estate News

Orlando is Second Most Desired Florida City for Foreign Homebuyers

Orlando is Second Most Desired Florida City for Foreign Homebuyers

Orlando held steady in 2018 as the #2 destination of choice for Florida's international homebuyers. Nine percent of all of Florida's international homebuyers opted to purchase a property in Orlando. Read More »


Palm Beach Sales Dollar Volume Jumps 43.2 Percent Annually to $1.1 Billion

Palm Beach Sales Dollar Volume Jumps 43.2 Percent Annually to $1.1 Billion

According to the Miami Association of Realtors latest housing data, total Palm Beach County Florida home sales increased 17.1 percent year-over-year in October 2018 as median prices and dollar volume rose for all properties. Read More »

Median Home Prices in Florida Rise for 82 Consecutive Months

Median Home Prices in Florida Rise for 82 Consecutive Months

Florida's housing market reported more closed sales, rising median prices and more new listings in October 2018 compared to a year ago. Sales of single-family homes statewide totaled 22,272 last month, up 8.5 percent compared to October 2017. Read More »

Florida Home Sales, Median Prices Uptick in Q3

Florida Home Sales, Median Prices Uptick in Q3

Florida's housing market had more sales, higher median prices, more pending sales and more new listings in 3Q 2018. Closed sales of single-family homes statewide totaled 72,843 in 3Q 2018. Read More »


Global Property Spotlight

Cap Maison Resort - (St. Lucia, West Indies)

Cap Maison Resort - (St. Lucia, West Indies)

On the Caribbean island of St.Lucia, known worldwide for its natural beauty, Cap Maison is in a truly breathtaking location in one of St.Lucia's most desirable areas. Read More »

Last Updated December 3, 2018 8:17 AM ET

West Palm Beach Property News

Over 57,002 homes in the Florida Gulf Coast with a reconstruction cost value (RCV) of approximately $13.4 billion are at potential risk of storm surge damage from Hurricane Michael.

According to the Florida Association of Realtors, Florida's housing market reported slightly more new listings and higher median prices during the first quarter of 2018.

Preliminary property loss estimates in Florida from Hurricane Irma, total insured and uninsured loss for both residential and commercial properties, including damage from both flood and wind, is estimated to be between $42.5 billion and $65 billion.

According to Irvine, Ca-based CoreLogic, an estimated 8,456,455 residential and commercial properties in Florida are at either "Extreme," "Very High" or "High" risk of wind damage from Hurricane Irma.

According to the Miami Association of Realtors, Miami's single-family home market continued its strong selling pace by registering its second-most June transactions in history, and the $1 million-plus luxury sales segment rose for both single-family homes and condominiums.

According to Zillow, first-time homebuyers in the U.S. will have better luck in the Southeast if they are looking for a more affordable home.

The potential exposure to residential property damage from hurricane-driven storm surge flooding is very significant as Hurricane Matthew makes its way toward the U.S. Atlantic Coast today.

Miami's trendy Wynwood neighborhood, which experienced a huge boom in property values over recent years, now faces a tremendous amount of fear and uncertainty as a result of the arrival of the mosquito-borne Zika virus.

268,000 U.S. homeowners regained positive equity in Q1 2016, bringing the total number of mortgaged residential properties with equity at the end of Q1 2016 to approximately 46.7 million.

An uptick in residential sales activity amidst meager supply levels upheld the trend of home price gains in an overwhelming majority of metro areas during the first quarter of the year.

According to Irvine, Ca-based RealtyTrac's First Quarter 2016 U.S. Foreclosure Market Report, foreclosure activity in the U.S. was below pre-recession levels in 78 out of 216 U.S. metropolitan statistical areas (36 percent).

Cash sales accounted for 33.4 percent of total home sales in December 2015 and 33.9 percent of total home sales for the full year 2015

Foreign real estate buyers continue to strengthen the Miami and South Florida real estate market, accounting for 36 percent or $6.1 billion of total sales volume.

According to Irvine, Ca based CoreLogic, distressed sales, which include real estate-owned properties (REOs) and short sales, accounted for 9.7 percent of total home sales nationally in September 2015.

Technology firms and start-ups aren't just exploring new U.S. markets, and they're starting to plant roots.

Irvine, Ca based CoreLogic is reporting cash sales in the U.S. accounted for 31.7 percent of total home sales in August 2015, down from 34.9 percent in August 2014.

CoreLogic is reporting that cash sales in the U.S. made up 30.8 percent of total home sales in July 2015, down from 34.2 percent in July 2014.

According to RealtyTrac's Q3 2015 U.S. Home Equity & Underwater Report, as of the end of the third quarter there were 6,917,673 U.S. residential properties that were seriously underwater.


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