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Palm Beach Home Sales Up, Housing Inventory Down |
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Two blocks off the Georgia Avenue industrial corridor in West Palm Beach, the little sand-colored house for sale on Franklin Road is nothing special -- cracked up driveway, mildewed roof, Flamingo pink tile in the bathroom.
And about 20 prospective buyers with offers in for the house listed at $59,900.
Despite its detractions, the bank-owned property is among a dwindling supply of houses for sale in Palm Beach County that helped drive median prices up 12 percent in August from last year to $215,000. The volume of single-family home sales was up 8 percent from 2011 and equal to July's sales, according to a report released Wednesday by the Realtors Association of the Palm Beaches.
At Gay Realty Watch, we look for news to share with you about the gay real estate market - both lgbt real estate news and news specific to gay and lesbian real estate meccas.
Authored By Kimberly Miller - See the Full Story at LoanSafe
Click here for gay realtors, mortgage lenders, and other real estate professionals in West Palm Beach.
If you have a gay real estate story that you'd like to share with us, contact us at info@gayrealtynetwork.com
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Published on:
September 20, 2012
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