CONDO MARKET REMAINS STRONG -- GREAT OPPORTUNITIES FOR FIRST TIME BUYERS
By Carol Clawson
(Keller Williams Realty of the Palm Beaches)
The condominium market in Palm Beach Gardens, West Palm Beach and other Palm Beach County communities remains strong in the face of declining prices for resales of single family homes.While prices of single family homes declined about 1 percent in January 2007 compared with January 2006, going from $393,700 down to $388,000, the median price of condos rose 2 percent in the same time period. Median price for a condo is now $213,100, up from $209,100 just a year ago.Affordable condo prices provide a wonderful opportunity for first time buyers to acquire a a home at a reasonable cost with good possibilities that their investment will increase in value. Or our condos make wonderful vacation retreats.The Weiss-Clawson Team has condos available for sale in Palm Beach Gardens. Consider a two...