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Sales in July 2020 far exceeded sales in June 2020 both in Palm Beach County and Nationwide (24.7%). That isn’t surprising because current sales are always a reflection of what happened 30-60 days in the past. Meaning April (showers) and May under contracts become July (flowers) sales. Because of shutdowns in April and May economic uncertainty, it’s not surprising that June sales would be much less than July.
But the big headline for me is July 2020 sales versus July 2019 sales. We talk about this live on Real Estate Roundtable on ECHO TV LIVE at 9am or ECHO Facebook. That involves looking head on at a healthy market a year ago versus today’s market past shutdowns. And July 2020 delivered FIREWORKS! The stars have never aligned for selling a home like they are now. Here are the numbers, an in-depth analysis and what might be coming in future months.
So, why is this transpiring? I bring you back to my articles from this blog from May 26th which was right on target. Why Is The Market So Hot?!? And Why is Our Market So Strong Right Now on June 6th.
There are some wildcards to watch…..
Jeff Lichtenstein is owner and broker of Echo Fine Properties, a luxury real estate brokerage selling real estate in Jupiter and homes in Palm Beach Gardens, Florida. He has 20 years of real estate experience, has closed over a 1,000 transactions, and manages over 50 agents in a non-traditional model of real estate that mimics a traditional business model. Some publications he has been quoted in.
Feel free to ask him a question directly at jeff@EchoFineProperties.com
Posted in About Echo, Open House Blog, Real Estate, Uncategorized, Videos on August 29, 2020 at 7:24 am.
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561.500.ECHOFrom PGA National homes to Admiral Cove, you've discovered the top source of comprehensive information on homes in Northern Palm Beach County communities. Jeff Lichtenstein of Illustrated Properties is the top producing real estate agent in these locations. Jeff has sold over 300 homes, more than anyone else since 2001. He caters to the Waterfront, golf & ranch, and luxury communities here. His focus has always been on providing exceptional service, showcasing quality properties and working with quality clientele. Jeff your only choice for a real estate agent in the area if you're looking for the best. Whether you're looking to sell a home in Admiral's cove or buy one of the beautiful PGA National homes, you need to talk to Jeff Lichtenstein.
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