Palm Beach Real Estate and Loans

This Sunday (5/4/08) from 2 - 4 PM I will be hosting an Open House at 205 Coconut Key in BallenIsles - one of the most sought-after areas in Palm Beach Gardens real estate.

'Home shows like a model - tile and hardwood throughout, granite countertops, desiginer ceiling fans, the built in family room wall unit can accomodate a large screen TV and has built-in surround sound for exceptional entertainment quality.The southern-exposed pool and custom wall mirrors keep the home light and airy.  The courtyard landscaping adds to the homes privacy.  Hurricane glass and storm shutters.  At night the the ground lighting gives the home a 'regal feel.  The recent Platinum Club survey ranked BallenIsles as one of the top residential club communities in the country. 

This property is listed for $1,299,500 and a full Golf Membership is available.

For additional information call me at 561-282-7406.

Great news - I’ve changed to a new brokerage - as of this week I am now a Real Estate Agent for Leibowitz Realty Group.

Their reputation as a leader in the luxury golf/country club market is un-paralleled in Palm Beach County.  You can read about the Companys history here.

They just opened up a new office at Midtown @ PGA Boulevard - a perfect location that will allow me to easily continue to service my main focus areas of:

• BallenIsles
• Mirasol
• PGA National

Their other office is at 210 Brazilian Avenue in Palm Beach - just a few blocks north of Worth Avenue.

To see my, or any of the other Agents’, listings just take a look at the Meet the Team page.

There will be several changes to this website over the next few weeks, if you cant find what you need just call me at 561-282-7406 or email me at: marc@leibowitzrealty.com

Now that we've gone over the most recent activity in BallenIsles, let's take a look at PGA National.

Palm Beach Gardens is a golfer's dream - and PGA National is one the best choices you can make.

There are 4 courses on the property and one just a few miles west on Northlake boulevard.  In addition to the # of courses, PGA National has the distinction of not only having the most reasonably priced Club Memberships in the area but having the only 100% refundable Memberships!  It is also the last of the major golf / country clubs in the area that does not require Membership if you want to live there.

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Due to the number of sales in both years, I won't be putting up tables with each individual transaction - numbers aren't exactly exciting, a page full of them is even worse!

Here's the breakdown:

For January, February and March of 2007-

 That's a total of 42 closed sales.

And 2008 -

For a total of 32 closed sales in the 1st quarter of 2008.

All of that information comes from my local MLS and consists of ONLY closed sales - notinng 'pending' or 'contingent' is included.  Until that ink dries on closing day, it really doesn't count.

Currently there are 282 properties listed for sale in PGA National ranging from condos starting at $83,500 all the way to estate homes that top off at $4,750,000.

To see any of the current listings or to put your Palm Beach Gardens real estate up for sale, just call me at 561-282-7406.

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:

 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:

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.

The first quarter of 2008 has just ended - and over the next few days I'm going to go over the sales activity in several of the main communities in Palm Beach Gardens.

Starting tomorrow we're going to take a look at:

• BallenIsles
• PGA National
• Mirasol
• Old Palm
• Ibis

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In addition, I'll also be reporting on Singer Island, Jupiter and Juno Beach.

It'll be good to take a look at the facts and compare and contrast (mostly contrast) them with the reports in the media.

When you're looking at real estate it is extremely important to look at things at the LOCAL level - wide-area averages are simply misleading.