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Palm Beach County Statistics

Updated in September2014
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We sell the Palm Beaches. Nobody does it better.

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10 year chart

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For more detailed info, tap the chart or graph

For more detailed info, tap the chart or graph

For more detailed info, tap the chart or graph

For more detailed info, tap the chart or graph

Boca Country Club: Florida's Crystal Ball

Historically the Boca Country Club has given us a statistical peek at the future and it looks positive right now. However, the stats from the Boca area, Palm Beach County, and southeast Florida tell a story of slumping sales. It makes us think back to the Great Housing collapse that began in 2005. The Boca Country Club predicted that collapse a year before it kicked down the doors. Let's hope it's equally smart about any future recovery.

Greater Boca Raton Year-On-Year Comparisons

The greater Boca Raton area has suffered a gradual decline for well over a year, with a blip higher late lastsummer, then getting worse in the fourth quarter. Some hope appeared in December, but the New Year faltered. January numbers slumped. And they rolled even lower into a weak February. March and April continue the collapse. This month does not look much better. The pattern needs to reverse, or the housing market will slip into a tailspin which ultimately effects the American economy.

boca charts

Palm Beach County Year-On-Year Comparisons

A jagged move lower throughout 2013 with the final quarter showing no recovery at the county level, and the New Year continuing lower. January showed no real recovery. And February continued the disaster with March and April slipping lower. May projects lower still. Either we are reaching for a bottom, or slipping off a cliff, and it's hard to tell which scenario represents reality. Time for buyers to get off the banana peel.

PB Sales Sept


South East Florida Year-On-Year Comparisons

Sales keep whacking their head on the reality of tough mortgages and weak appraisals. Limited hope last December helped the market stumble higher. But January reversed lower again. February continued the negative tone of real estate. March, April and May accelerated the collapse.The lack of reserves in homeowner and condo associations was rumored to halt some bank loans. Pundits will blame the arctic freeze for collapsing real estate. But these are South Florida statistics ... and south Florida escaped the polar express. May slid hard, although the numbers will not be "officially" released until the third week of June. And June does not look much better. The collapse appears real. Let's hope the positive signs at the Boca Country Club predict a reversal higher in the housing market throughout America.


SE Florida Sales


What the "11-year Sales Chart" chart means:

Prices jump on the first sales of the year. But the discount rate has moved higher as sellers struggle to sell in an increasingly difficult market. Fed Chair Janet Yellen admitted that housing was a growing economic worry in testimony before Congress on May 7th. Despite this, sales continue to move higher throughout Florida. A strong burst in sales will reverse the surprising slump in closings (as prices continue higher). Back to chart

What the "Prices" chart means:

Prices have started to rebound, but they remain below 2006 prices (a year after the housing bubble popped). It's a good time to buy, and the next month or two should show some housing numbers that keep sellers from getting too greedy. The supply of homes continues to fall. And buyers remain on the sidelines. Investors have virtually left the market. The sales triangle continues to shrink. Nevertheless, prices will push higher, and the highs of 2006 might return within two or three years. Today's buyers need to take a leap of faith. They might be richly rewarded. Back to chart

What the "$ SqFt" chart means:

Air-conditioned square feet are perhaps the strongest buying tool around. Although no two square feet are the same, they are a great negotiating tool with overpriced buyers. They have been flatlining sideways since 2009, but they remain a useful bargaining chip. They remain well below the "hot selling" days of 2005. Back to chart

What the "Discount Rate" chart means:

The discount rate is one of the most misused tools of price negotiation. Largely because it's skewed in favor of the seller, not the buyer. Here's what happens: when a listing expires, and another (or the same) RealtorĀ® takes over the listing, the original listing price usually resets for the new listing. You can find the original asking price, but you may have to get it from the County Appraiser's Office. The real discount rate in an area could be twice as large as the one reported by a real estate board. Good price research pays. One of our negotiation chips in settling on a price should be the "real" discount rate. That will be based on the original listing price of the home, not the latest listing contract. Back to chart

What the "Days On Market" chart means:

The Days on Market (DOM) number is another underused tools of price negotiation. Again, largely because it's skewed in favor of the seller, not the buyer. When a listing expires, and another (or the same) RealtorĀ® takes over the listing, the DOM (Days-On-Market) number resets to zero. The length of time a house has been on the market is a great bargaining chip if it's a BIG number. But the "reset" keeps it small. Use the real number, not the reset number, and you might get a much better deal. It takes negotiation. There can be no doubt that the real estate market is getting tighter, with fewer homes on the selling block, so bargains take time and effort. Back to chart

What the "4-months of Sales" chart means:

We've started the year well in the Palm Beaches -- but below last year's torrid pace. Now it's up to the Spring buyers. Traditionally, they have ratcheted sales higher than the first four months. Every single year. But Year-over-Year sales have dropped this year, from 10,258 down to 9,732. Supply is down, and mortgages are hard to get. Back to chart

Read the Broker's Commentary. It's fun.

Bocasite Real Estate

Contact Information

Mailing Address: 3755 Mykonos Court, Boca Raton, FL 33487
E-mail Address: kerstin@bocaswede.com or temple@sellnow.net
Direct Phone: 561-241-6323
Cell phone: 561-271-8121 (Kerstin) 561-251-6187 (Temple)
Direct Fax #: 561-241-6358

Office Address: Templeworks Properties LLC, 3755 Mykonos Ct., Boca Raton, FL 33487

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Disclaimer: The information at this real estate site and on this page is believed to be accurate, and it is offered as such, with no guarantees or warranties, implied or otherwise. All prices are subject to revision due to real estate market conditions. Some information may be compiled from RMLS, Inc., for the period covered by the open bid web page information. In such cases, the representation is based in whole, or in part, on real estate data supplied by the RMLS, Inc. RMLS, Inc. does not guarantee or is not in any way responsible for its accuracy. Real estate data maintained by RMLS may not reflect all real estate on the market.