Palm Beach Gardens Real Estate Market Reports - BallenIsles 1st Quarter 2008

Let's start off the 1st Quarter Palm Beach Gardens Real Estate Market Reports with a look at how things went in BallenIsles.

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The following information comes from our local MLS provider and ONLY consists of closed sales - properties termed 'Pending' or 'Contingent' are not included.

These are the BallenIsles properties that sold in January, February and March of 2007:

DOM	List Price	Sale Price	Address	Bed	Bath	Pool
269	779,000	580000	32 Laguna Terrace	3	3	Y
200	899,000	700000	26 Laguna Terrace	3	3	Y
425	799,000	755000	102 Pembroke Drive	4	4	Y
116	859,000	774250	1106 Crystal Drive	4	4	Y
321	1199000	890000	111 Coconut Key Court	4	4.1	Y
65	1089000	975000	118 Pembroke Drive	4	3.1	Y
507	1495000	1375000	123 St Edwards Place	4	4.1	Y
102	1595000	1415500	13 St George Place	3	4.1	Y
60	2100000	1825000	38 St George	4	4.1	Y
92	2890000	2875000	28 St Thomas	6	7	Y

10 homes sold at an average price of $1,216,475 and the average days on market was just under 216.

Here's how things went in 2008:

DOM	List Price	Sale Price	Address	Bed	Bath	Pool
333	499000	475000	144 Isle	3	3	Y
195	499000	435000	146 Isle Drive	3	3	Y
98	609900	525000	393 Isle Court	3	3	Y
273	699000	570000	114 C Palm Bay Drive	3	3	N
73	590000	575000	36 Laguna Terrace	3	3	Y
273	649000	595000	61 Laguna Drive	3	3	Y
255	699000	625000	50 Laguna Terrace	3	3	Y
214	1395000	1050000	139 Vintage Isle Lane	3	5	Y
419	1295000	1140900	107 Windsor Pointe Drive	3	3.1	Y
146	1749900	1675000	107 Grand Palm Way	4	5.1	Y
270	2495000	2200000	24 Saint Thomas Drive	4	5.1	Y

That's 11 sales at an average of $896,900 and 232 days on market.

As you can see that's pretty consistant from 2007 to 2008, actually a bit of an increase in units sold! The avarage sale price did drop, but when you're only talking about 10 or 11 transactions, it doesn't take much to affect the average.

All in all, pretty good results when you consider that we're all bombarded daily with over-hyped stories about how real estate is 'dead and/or dying' in Florida.

Tomorrow we'll see the real estate sales results for PGA National, BallenIsles neighbor to the west.

http://www.palmbeachrealestateandloans.com/002B3A