West Palm Beach Real Estate Market Update for May 6, 2009

by Rodney Forbes on May 7, 2009

This is the daily south Florida market update. Today’s update is for West Palm Beach. Market activity has really picked up due to record low interest rates, home prices at 2003-2004 levels and the efforts by the federal and state governments to get first time home buyers to make the move.

Short sales and distress, bank owned properties are still making up to 60% of all pending sales in West Palm Beach. If you are in the market to buy make sure you have a Realtor experienced in short sales and bank owned foreclosures.

If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog. There are many free reports as well as free access to MLS listed properties. You can also call 561-337-4810.

 

Rodney Forbes is a licensed Realtor®, certified short sale/REO specialist and broker for Forbes Realty of South Florida Inc.

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