Are You Tired of All the Doom and Gloom News?
When you turn on the TV or listen to the radio, you’re most likely greeted by the doom and gloom of the real estate market. Today I’m bringing you the market update for Palm Beach and Martin County so you have the information for yourself.
If you live in Palm Beach County, you are still in a seller’s market with inventory down 22.7%; which is great news. The days on market is down 48.2% or 44 days on market. Even though the market has had changes, it’s completely normal for the market to slowdown in September. Martin County is starting to experience the same great news Palm Beach County has been experiencing for a while. We’re starting to see the days on market diminish 47.3% to only 49 days on market and prices increasing 21.9%. Also, inventory is down 9.3% in Martin County
How can you use this information to win? Historically, inventory starts to fall over the next few months. You may want to consider listing your home soon instead of waiting until January when everyone else decides to put their home on the market. Another piece of information you may not have heard or noticed is that the hedge funds are back after going “M.I.A.” for the last few months. Now they are back and making cash offers on our properties for $350,000 or less, which could account for the 23.5% increase in cash sales in Palm Beach County and 34% in Martin County, making it a great time to consider selling.
If you have any other questions about these statistics, feel free to call me at (561) 352-3056 as I’m always here for you. Talk to you soon!
3 Things You Should Look For in Choosing Your Next Real Estate Agent!
When choosing your next real estate agent, there are three important things you must consider. The first thing you must consider is their marketing plan. What are specifically going to do to get your home sold? It’s very important to have a detailed marketing plan that includes social media, video and international marketing from Palm Beach County and Martin County Real Estate.
Secondly, you must look at their team structure. Do they have the top agents in the marketplace that will allow you to get to the closing table? Will they have a marketing division, a closing division and a lender and title partner?
Finally, you need to look at experience. The great thing about the Treu Group is that we have been selling in Palm Beach and Martin Counties since 1989. We have the experience to handle anything that comes up during the transaction and get you to the closing table. We would love to share our team, marketing plan and experience with you. See you soon!
Martin and Palm Beach County Updates
Welcome back to our video blog! A lot of people have been asking me whether we are still in a sellers market. The answer is yes!
Both Palm Beach and Martin Counties are experiencing increasing average sales prices. In Palm Beach County, inventory is at 4.8 months and the average sales price is almost $400,000! Plus, the average days on market has dropped by 45.6 percent to just 49 days.
Martin County trails just slightly. It is a great time to sell in both counties. So, give us a call. We’d love to help you with any of your real estate needs!