Home prices in the Palm Beach Gardens area country club of Ibis continued to decline through the third quarter of 2011 as sales increased.  This is a mirror image of homes sales and prices throughout Palm Beach County. Through September, 2011 there were 77 homes sold in Ibis compared with 71 sold during all of 2010.  But prices continue to tumble, a bit faster for homes priced at or below $400,000 than for those in higher price brackets. Of the 77 homes sold through September, 2011 42 closed at or below $400,000.  The average price for these homes was $88 per square foot, a decline of 35 percent since 2008. There were 35 larger homes priced above $400,000 that sold in Ibis through September.  The average price for these homes was $179 per square foot, a decline of about 20 percent since...
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By Carol Clawson
(Keller Williams Realty of the Palm Beaches)
Home prices in Palm Beach Gardens area Ibis Country Club continued to decline in the first quarter of 2011 with savvy buyers acquiring wonderful homes at rock bottom prices. Ibis homes priced at or below $400,000 have seen the biggest decline, dropping 37 percent since 2008. Three years ago homes priced at or below $400,000 went for $136 per square foot.  In the first quarter of 2011 16 homes priced at or below $400,000 sold at an average of $85 per square foot, including a foreclosure that sold for $37/SF.  Homes priced above $400,000 saw a 21 percent decline since 2008, going from $224 per square foot down to $176/SF during the first quarter of 2011. Typical of many communities throughout the area, both short sales and foreclosures spur downward price pressures on all homes.  Observer...
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By Carol Clawson
(Keller Williams Realty of the Palm Beaches)
Prices of homes in Palm Beach Gardens area Ibis Country Club continued double digit declines in 2010 providing wonderful opportunities for buyers looking for good deals in this popular community. While the number of homes sold in Ibis has remained fairly steady at about 70 - 75 homes per year since 2008, prices are dropping, especially for homes priced under $400,000.  Since 2008 prices have declined 24 percent for homes priced at or below $400,000, while those priced above $400,000 have declined 19 percent in the past two years. In 2010 homes priced at or below $400,000 averaged $104 per square foot compared to $136/SF in 2008.  Higher priced homes averaged $182 per square foot in 2010 compared with $224/SF in 2008. In early January, 2011 there were more than 180 homes on the market in...
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There are about 190 homes on the market in Ibis Country Club, near Palm Beach Gardens, with some extraordinary deals available to savvy buyers. There are bank owned townhomes in the community priced right around $100,000, with one at $99,900 and a couple priced at or below $105,000. Sales figures in Ibis through late September, 2010 are a bit below last year even though prices continue to decline. About 57 homes have sold in Ibis through late September.  Homes priced at or below $400,000 are averaging $106 per square foot an eight percent decline in price from 2009.  And homes priced above $400,000 averaged $183 per square foot, a three percent decline from 2009. This is a fine time to buy a full time residence or vacation home at Ibis with an unusually large and diverse collection of h...
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By Carol Clawson
(Keller Williams Realty of the Palm Beaches)
There are 11 condos and townhomes priced under $200,000 in Palm Beach Gardens area Ibis Country Club.  These are absolutely rock bottom prices for small vacation or year 'round homes in one of the area's premiere country clubs. Foreclosures and short sales dominate the low end of the condo/townhouse market in Ibis as nine of the 11 homes priced under $200,000 are either bank owned or being sold for less than the owner owes on the mortgage. Ibis is a country club and residential community with approximately 1900 homes in fifteen different neighborhoods.  The homes, built between 1991 and 2007 range in price from under $200,000 to over $4 million.  Residences include villas, town homes, coach homes, and single family homes that vary in size from 1300 square feet to over 8000 square feet (...
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By Carol Clawson
(Keller Williams Realty of the Palm Beaches)
More than 250 homes were sold in Palm Beach Gardens area communities through late April 2010 with about 58 percent of them priced under $300,000.  The number of homes for sale in Palm Beach Gardens is slowly decreasing with about 1400 single family, townhouses and condos on the market at the end of April.  More than half of those properties on the market are priced at or below $300,000 making ownership affordable to more people. Buyers are taking advantage of prices not seen since 2003. In Ibis Country Club there were 23 hold sold this year through April 24, 2010 with 11 of those priced under $300,000.  In PGA National 63 homes sold with 35 priced under $300,000.  In Ironhorse Country Club there were four homes sold with just one priced under $300,000 and at Breakers West five homes sol...
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By Carol Clawson
(Keller Williams Realty of the Palm Beaches)
Palm Beach Gardens country club community homes continue to decline in price as sales of higher priced homes remain stagnant. For buyers interested in an active country club community, this is the time to get your search underway.  There are wonderful opportunities for buyers in most Palm Beach Gardens area country club communities. In Ibis Country Club, for example, the number of homes sold in 2009 is down to less than half of what it was in the peak year of 2005.  Just 72 homes sold in Ibis in 2009 compared with 151 homes sold in the community in 2005.  More of the lower priced homes are selling, those under $400,000, than higher priced homes. In 2009 there were 35 percent more homes sold in the lower price brackets in Ibis than those sold in the higher brackets, $400,000 and above.  ...
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