Waterfront Properties Doing Business in Nation’s No. 1 Market, According to Report

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A California-based real-estate firm says Palm Beach County is tops in increasing home values.

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Figures released Jan. 14, 2013, show Palm Beach County’s single-family homes, condominiums and townhouses all gained value during December of 2012 -- to the tune of 35 percent.

ZipRealty reported this week the South Florida county where Waterfront Properties and Club Communities makes the most of its transactions has jumped to the lead position in terms of home-price gains.

Figures released Jan. 14, 2013, show Palm Beach County’s single-family homes, condominiums and townhouses all gained value during December of 2012 -- to the tune of 35 percent. The figures measure the year-over-year period beginning in December of 2011.

The Emeryville, Calif., company said Palm Beach County beat out the East Bay area of San Francisco, which came in second place and includes Alameda and Contra Costa counties, and third-place Phoenix, which is in Maricopa County. Broward County came in fourth place.

End-of-the-year price spikes, fueled by rock-bottom mortgage-interest rates and a relatively low inventory of Palm Beach County homes for sale, led values to climb to a median price of $169,000, ZipRealty said.

The Realtors Association of the Palm Beaches, which has not yet released its report on December’s market activity, said there was a 19.6-percent rise in the median price of a single-family home between the period November of 2011, and November of 2012. During that same period, prices of condominiums for sale in Palm Beach County increased 15 percent.

For homesellers who want to take advantage of reaping the rewards of higher home values, here are some agent-provided tips for getting their physical and fiscal houses in order.

1)    Purge clutter. Homebuyers really don’t want to see all of those knickknacks acquired throughout the years.

2)    Prepare rooms. Does the bathroom need to be scrubbed? Does the living room need new carpet? Does the kitchen need a fresh coat of paint? Also, landscaping is a must.

3)    Double check your credit and make sure outstanding balances are mostly paid off so loan qualification doesn’t become an issue

4)    Contact an agent at Waterfront Properties!

For information, call 561-746-7272.

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Rob Thomson
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