Palm Beach Property Values on the Rise
Palm Beach Island Market Updates
Written by Ann-Britt Angle   
Monday, 07 May 2012 23:21

On April 28, William Kelly of the Palm Beach Daily News reported on the increase of property values expected in Palm Beach this year. This anticipation comes from Gary Nikolitis, a Palm Beach County property appraiser. Such an increase is precisely what Palm Beach’s finance director, Jane Struder, expected. Kelly writes, “Struder…said a 1 percent increase in values would be consistent with the budget projection in the town’s long-term financial plan. The plan assumes values will climb 1 percent in fiscal 2013, 2 percent in 2014, and 3 percent each following year during the next decade.” This welcome news heartens all those who have fretted over the economic state of Palm Beach real estate. For the full article, please visit www.palmbeachdailynews.com .
 
416 Brazlian Avenue - beautiful Caribbean Colonial in Palm Beach
Palm Beach Island Market Updates
Written by Ann-Britt Angle   
Friday, 03 February 2012 20:36

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We are proud to share one of our newest offerings with you:

416 Brazilian Avenue, Palm Beach. The stunning custom built Caribbean Colonial home features 5 bedrooms, 5 bathrooms and 2 half baths with one of a kind custom finishes, and beautiful guest house.  Hurricane impact windows and doors, fireplaces, integrated audio system, 2 story open staircase with raised paneling, exceptional kitchen with top of the line appliances. Absolutley beautiful living space - indoors and out.  Please click this link for pictures and details or call Christian Angle at 561-629-3015 to arrange for a showing

http://homes.anglerealestate.com/idx/9787/details.php?idxID=010&listingID=R3256006

 

 

 
201 Indian Road, Palm Beach Island North End
Palm Beach Island Market Updates
Written by Ann-Britt Angle   
Tuesday, 17 January 2012 16:57

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This beautiful Colonial-inspired home is in the North End of Palm Beach Island at 201 Indian Road. Recently renovated, the home features lots of living space inside and out.  There is a detached guest cottage that will accomodate your Palm Beach visitors and guests comfortably.  The master bedroom and two guest bedrooms are located on the second floor. The first floor study with adjacent bath can serve as fourth bedroom or study if required. The layout allows for great entertaining inside and,with the beautiful gardens and pool area, extends outside to make this the perfect Florida get-away or year-round residence.  Call anytime to view this or additonal luxury offerings. Christian Angle 561.629.3015 and This e-mail address is being protected from spambots. You need JavaScript enabled to view it .  Another beautiful Palm Beach season is under way... 

 
Palm Beach Island Home Sales - Evans Report
Palm Beach Island Market Updates
Written by Ann-Britt Angle   
Tuesday, 27 December 2011 17:33

DSC_2412Darrell Hofheinz, Palm Beach Daily News Writer published the below article in December 24th, 2011 Palm Beach Daily News - below please find an excerpt of it (for the full story, please visit palmbeachdailynews.com):


"Although there have been few headline-grabbing house sales of late in Palm Beach, a new sales analysis shows that agents sold more single-family homes and at higher prices during the first nine months of this year compared to the same period last year. Meanwhile, sales of Palm Beach condominiums and cooperatives slowed as the prices fetched for those apartments rose, according to the new Evans Report, a year-over-year comparison of the first three quarters of 2011 and 2010.


The report also records no lender-authorized sales of single-family homes, condominiums or co-operative units in foreclosure between July 1 and Sept. 30 of this year. Town-wide, 20 more single-family homes changed hands during the first nine months of 2011 compared to the same period last year, as shown in the latest analysis by Palm Beach real estate attorney and property owner Leslie Evans. For the period covered in the report, 109 homes sold in 2011 versus 89 last year, with the vast majority of those sales recorded on the North End.


But the report also shows that the increase in transactions was largely confined to the second quarter, when 55 houses sold compared to 35 last year. In the third quarter, sales held steady, with 27 transactions this year compared to 28 in 2010. The price picture was rosier during the third quarter for those selling single-family houses, the report shows. Their median sales price rose by $492,250, from about $2.28 million to about $2.78 million. The median is the price at which half of the houses sold for more and half for less. “The increase in the median price was very significant,” Evans said. Still, the biggest jump in sales of single-family homes this year took place in the island’s lowest price ranges. The price category that saw the biggest increase was for homes sold below $2.5 million. The report shows 53 homes in that sales-price category sold in 2011 versus 41 during the same period last year. In the third-quarter town-wide, the number of condo sales plunged — from 54 last year to 34 in 2011. But prices were up, with the median price rising by $93,750, from $387,500 last year to $481,250 this year. Although there were no condos sold in foreclosure during the third quarter, five such sales were recorded in the previous six months. In comparison, during the first nine months of 2010, there were a total of 13 condominiums sold in foreclosure, the report shows. “The less-expensive condo sales were not in the third quarter (of 2011) — they were in the previous quarters,” Evans said. “They apparently have run through most of the foreclosures and shorts sales on the South End. The steals are gone.”


Overall, the report shows, total third-quarter, town-wide condo sales were down by about $11.6 million, from about $37 million last year to about $25.4 million this year. It was a far different story for the single-family market, where more real estate dollars changed hands in the third quarter this year than in the same months last year. Taken together, the island’s house sellers saw a $24.5 million increase in what buyers paid, from about $91 million last year to about $115 million this year."

 
Palm Beach Island Publix to Open soon
Palm Beach Island Market Updates
Written by Ann-Britt Angle   
Tuesday, 22 November 2011 18:11

What seems to be the most talked about topic in Palm Beach next to "Which Estates in Palm Beach sold over the summer?" Or "Have you seen the new Palm Beach Oceanfront listing?" You guessed it, "When is Publix Opening?" At least this is true for the increasing number of year-round residents of Palm Beach and the surrounding areas.  It looks like we finally have our answer - December 15th. "The date is set for the grand opening of Palm Beach's new Publix store. The store will open to the public at 7 a.m. Dec.15, said Kim Jaeger, Publix's Miami media and community manager " (Robert AJanjigian - Palm Beach Daily News' article 11/22/2011.)

 
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Written on 07 May 2012, 23.21
palm-beach-property-values-on-the-rise On April 28, William Kelly of the Palm Beach Daily News reported on the increase of property values expected in Palm Beach this year. This anticipation comes from Gary Nikolitis, a Palm Beach County property appraiser. Such an increase is precisely...
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Written on 30 April 2012, 17.15
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