Palm Beach real estate has always been in demand, and even during Florida’s real estate fall of 2009, it was the last real estate market to feel the pinch and also the first to jump back in, with strong numbers of properties for both single-family and condominiums for sale. Based on figures reported in the Palm Beach Post, in the last few years, single-family home purchases were up 40 percent and condominium sales grew 35 percent. Based on real estate trends, the market is expected to continue to climb throughout this year. Homes and condominiums for sale in Palm Beach real estate market continue to outpace the national average, and that is a trend that is on the upswing.
Property buyers recognize all features that the area has to offer, including a resort-quality lifestyle, gorgeous beaches, enviable weather and some of the country’s most challenging championship golf courses. It waterfront boasts miles of sugar sand beaches and access to outstanding boating cruising and fishing.
The renewed interest in it condominiums for sale is fueled by the realization that prices are currently stable in the market and a fall is not in sight, also the mortgage rates are still relatively low.
According to the National Association of Realtors, mortgage interest rate is still about 2.7 percent in the real estate market (quite affordable)
With million dollar mansions and ultra-luxury condominiums for sale along the Palm Beach waterfront, affluent buyers have exceptional choices in this real estate market. Increasing the desirability is that Palm Beach has limited land available for new development and a finite number of properties. Especially popular are oceanfront condominiums for sale that offer luxury and mouth-watering amenities, including whirlpool spas and expansive resort lagoon pools, direct access to beachfront and private poolside restaurants.
For many buyers, especially those from outside of the Sunshine state, the ease of getting to and from the Palm Beaches adds to the spellbound appeal. With multiple flights daily from the New York area to Palm Beach International Airport, it is actually faster and easier to get to a home than it is to get to a retreat in the Hamptons. This beautiful area offers an incredible selection of sociocultural choices, from live theater to performing arts to art museums and galleries exhibiting both master and contemporary pieces of art.
Dining choices are virtually unlimited as well; it has lot world-class chefs serving up cuisine from around the world. Also exceptional is the golf, since ages, Palm Beach is known as Florida’s Golf Capital, and it boasts of more than 170 public and private golf courses- from championship to executive level-designed by the best names in the industry, and with something appealing for golfers of every skill level. There are also more than 40 public golf courses in and around the area. The PGA National Resort & Spa has five courses, with top-flight instructors to help you perfect your swing, assist on your putt or add yards to your drive.