We are glad to share the following data as I am always happy to discuss the current real estate market in Palm Beach County. The results are in, and the data has been compiled to look back at 2024 and determine if 2025 is a good time to sell a property and where would make sense to possibly buy or live next.
What we see is that prices were up in Palm Beach County which is great! At the same time, the decreased number of sales, more days on market, and growing inventory point to some conclusions which can create a sense of urgency for anyone in the market to buy and sell real estate.
Sellers can take advantage of the tailwinds of higher pricing. This is now becoming increasingly more difficult as the other metrics are creating a challenge. Secondary homes that are underutilized or simply an asset to the owner are listing and selling at a higher rate as the numbers make sense. Moving inside Palm Beach County is simple as people sell for more and find an alternative locally to realize their winnings. The trend to sell for more and move north of Palm Beach County into Martin County, St. Lucie County, Indian River County, and Brevard County can make a lot of sense based on the data and lower property values and growing opportunities in those locations. We even find that selling and renting is a strategy that can make sense as the higher sales dollars can possibly to decrease in the future washing away the costs to rent. Many people realize that a mortgage payment does not reduce their balance significantly and even with a mortgage interest tax write off, it becomes a simple pencil math decision to safeguard their finances.
I am also aware that not every sale, purchase, or move is financial. Many people move for life reasons such as a growing family, school system needs, job changes, or relationship changes. Quality of life has tremendous value beyond dollars.
Now may be that last seasonal chance to list your property with Greenfield Waters and sell for more!
North Palm Beach County
(Jupiter, Juno, North Palm Beach, Palm Beach Gardens, Tequesta, etc.)
Average Price +10% ($1,200,000)
Sales -4%
Days on Market + 21%
Inventory + 29%
Palm Beach Island
Average Price +7% ($10,400,000)
Sales +1%
Days on Market + 13%
Inventory + 16%
Central Palm Beach
(Singer Island, West Palm Beach, Lake Worth, Manalapan, Wellington, etc.)
Average Price +16% ($663,000)
Sales -28%
Days on Market + 22%
Inventory + 35%
South Palm Beach County
(Boynton Beach, Delray, Boca Raton, etc.)
Average Price +14% ($773,000)
Sales -10%
Days on Market + 26%
Inventory + 33%
Thank you to our neighbors for choosing Greenfield Waters as your “Favorite Real Estate Brokerage” and Eric Gunther as the Broker and Realtor of the firm here on Palm Beach Island for several years in a row!
Thank you again for sharing our blog posts, articles, and for your referral business!
Eric Gunther
Broker & Realtor®
eric.gunther@greenfieldwaters.com
Greenfield Waters Florida Realty – Palm Beach
205 Worth Avenue #125
Palm Beach, FL 33480
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