West Palm Beach
Real Estate News

Florida's Economy Enjoys $27 Billion Annual Boost from Vacation Home Rental Industry

Florida's Economy Enjoys $27 Billion Annual Boost from Vacation Home Rental Industry

Based on a report by the University of Central Florida's Rosen College of Hospitality Management, the annual economic impact of Florida's vacation home rental industry now exceeds $27 billion. Read More »


Greater Palm Beach Area Home Sales Rise in September

Greater Palm Beach Area Home Sales Rise in September

According to new data from the Miami Association of Realtors, Palm Beach County total home sales, median prices, dollar volume and luxury transactions increased year-over-year in September 2019. Palm Beach County total home sales increased 3.1% year-over-year, from 2,261 to 2,332. Read More »

After Steady Declines in 2019, Luxury Home Prices are Stabilizing in Some U.S. Markets

After Steady Declines in 2019, Luxury Home Prices are Stabilizing in Some U.S. Markets

The average sale price for luxury homes in the U.S. rose 0.3 percent year over year to $1.6 million in the third quarter of 2019. It marks the first time luxury prices did not drop after three straight quarters of decline. Read More »

Florida Bucks National Trend, Home Sales Jump 11% in September

Florida Bucks National Trend, Home Sales Jump 11% in September

Florida's housing market reported more closed sales, higher median prices and increased pending inventory compared to a year ago. Sales of single-family homes statewide totaled 23,510 last month, up 11.5% from September 2018. Read More »


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Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »

Last Updated February 11, 2020 8:30 AM ET

West Palm Beach Property News

According to the National Association of Realtors' newly released 2019 U.S. Vacation Home Counties Report, increased financial wealth and low mortgage rates boosted the demand for and price of vacation homes.

Potential risk of storm surge damage based on its projected Category 3 status at landfall.

The Miami Association of Realtors is reporting this week that Palm Beach County single-family home sales and median prices rose in 2Q 2019.

According to the Miami Association of Realtors, Miami-Dade County existing home sales and median sale prices increased year-over-year in 2Q 2019.

According to Florida Realtors, Florida's housing market reported more sales, higher median prices and increased inventory (active listings) in April 2019 compared to a year ago.

According to the latest housing data by Florida Realtors, Florida's housing market reported higher median prices and rising inventory during the first quarter of 2019.

According to the Miami Association of Realtors, Palm Beach County luxury $1-million-and-up condominium sales increased again in March 2019.

According to the newly released 2018 Profile of International Home Buyers Report by the Miami Association of Realtors and the National Association of Realtors, foreign buyer activity in South Florida had a significant 23 percent spike in 2018.

The Florida Realtor Association is reporting that Florida home sales of single-family homes statewide totaled 15,526 last month, down 6.2 percent compared to January 2018.

According to the latest housing data from Florida Realtors, Florida's housing market reported higher median prices and increased inventory (active listings) in December 2018 compared to a year ago.

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.

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.

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.

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.

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.


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