West Palm Beach, Florida Real Estate Market

West Palm Beach, Florida

Located in South Florida, West Palm Beach home of Palm Beach County and is a major economic power in the country. The industry is a flourishing commercial side of West Palm Beach in the city is also known as one of the most popular tourist destinations in the United States. With a population of over 5.4 million, at the confluence of the tourist attractions, residential and commercial vision is West Palm Beach is a real power to see for visitors and residents.

With sunny skies, near perfect weather all year round and a range of sports and cultural attractions in West Palm Beach presents the ideal setting for a weekend. Enjoy a game of golf in a number of pristine local courses or go to the beach for a day of tanning and catching up on reading. See African chimps and endangered species as the southern white rhino roam freely in a natural habitat at the Lion Country Safari.

Golf

Rich in pioneering history, inundated with great wealth and alluring beauty of Hollywood, Palm Beach draws curious visitors and new residents alike. The name is recognized worldwide as a destination for rich tourists, royalty and celebrities. In addition to having excellent cultural events throughout the year, Palm Beach County also has the largest number of golf courses in the United States which has a total of 147. Everywhere you look you will find courses designed by the winners of the prestigious trophy, as Arnold Palmer. 

West Palm Beach was created for workers who have built magnificent palaces and hotels from the turn of the century, Henry Flagler. Today its historic downtown area offers great entertainment, shopping and excellent restaurants. Many of its existing homes are now charming bed & breakfast. Interstate Highway I-95 runs north and south travel through the artery. Private yachts glide down the beautiful Intracoastal Waterway, mortgage, and boat docking ports for the night or continue the visits. Port of Palm Beach is home to the Palm Beach Princess Offers fun and games off the coast of Palm Beach. As a center of art and culture with museums and galleries, the county is home to some of the biggest music festivals and events in Florida, including professional tour companies that perform in the concert hall impressive, Kravis Center. On the morning of Saturday, the Market Square in West Palm Beach is experiences in itself, where you can enjoy breakfast under the trees, while the purchase of fresh pastries, fruits and vegetables.

West Palm Beach, Florida Real Estate Home

Like many other municipalities in South Florida, West Palm Beach was hit very hard by falling housing prices and foreclosure rate. Since early 2004, the property prices in West Palm Beach real estate market has fluctuated violently. In 2004, the average household in West Palm Beach is about $ 200,000. Then, housing prices rose dramatically before leveling off around $ 275,000 in early 2007. Since early 2007, the housing bubble and the global economic collapse have been devastating for the West Palm Beach, Florida, the real estate market. The average selling price in West Palm Beach, Florida, the housing market has declined significantly since then and reached a 5-year low around $ 165 000 in early 2009. While housing prices in the market in West Palm Beach real estate has declined significantly appear to have stabilized, prices have remained stable over the last three quarters.

 

Historic neighborhoods and communities in the West Palm Beach real estate market include the Bel Air Historic District, Central Park, El Cid, Flamingo Park, Grandview Heights, Mango Promenade, Northboro Park, Northwest, Old Northwood Historic District, Pleasant City, Prospect Park and the West Northwood Historic District.