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It’s safe to say that Sales in September are going like hotcakes! That’s a massive 28.6% increase in sales from last year.
The median sales price is up from last year too – a 12.7% increase.
Sellers are now receiving more of their original asking price – 1.6% more in fact!
Wow! In September 2019 the average time to contract was 53 days – now you’re looking at just 27. That’s a huge 49.1% decrease.
This is an important one – you’re looking at 32.6% less active listings on the market now when compared to September 2019.
That also means less supply of inventory. 2.9 now compared to 4.3 in September 2019. That’s a 32.6% decrease.
Let’s also take a look at condos and townhomes.
WAY more sales of condos and townhomes this year compared to last. A whopping 28.8% increase.
Median Sales price is up too – by 9.4% in fact!
But here you’ll see we actually have more months supply of condos and townhomes available. A 6.3% increase from September 2019. Condos are still available despite prices going up.
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.
Posted in Uncategorized on October 24, 2020 at 7:24 am.
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From 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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