If you are considering making a lucrative real estate investment, direct your attention to the South Florida town of Palm Beach. This affluent location, easily in the league with other prosperous areas like Sunny Isles and Boca Raton, is reaching undeniably high status in the real estate market. Knowing about several factors of the latest real estate trends will deliver reasons for why you should invest in Palm Beach.
Astounding increase in market prices
In the recent months of September thru December, the median sales price for a Palm Beach property increased by an astonishing 457.6% from the same period in 2011. Perhaps, you have been feeling unsure of the real estate environment since the collapse in 2006. Here, you can easily see that the housing market is making a serious comeback, as areas like Boca Raton and Sunny Isles have also seen sales price increases of 21.4% and 26.5% respectively. Buyers have realized the clear potential of investing in a flourishing town like Palm Beach, where median sale prices are no less than $2,300,000. The rise in the price per square foot itself has reached an unbelievable 999.9% above 2011 prices.
A confident pool of buyers
Investors know the rich allure of purchasing a property in Palm Beach. In fact, the number of sales increased in the recent months by a total of 120% from the preceding year. It is not difficult to see why. Palm Beach is a barrier island quite reminiscent of Sunny Isles with plenty to offer its residents through attractions like the beautiful historic Breakers Hotel established in 1896, and the exquisitely versatile Four Arts Gardens that opened in 1938. The town of 10,000 year-round inhabitants with a seasonal population of 30,000 has been known to attract many renowned residents like the Kennedy family, John Lennon, and Donald Trump. Multiple real estate buyers, as recorded, have seen the highly alluring aspect of Palm Beach, and chosen to invest in a town so likely to continue rising in the market.
Notable real estate offerings
The town of Palm Beach has nothing to envy other similarly situated locations. Real estate opportunities are abound, especially in the luxurious Ritz-Carlton Palm Beach Residences condominium with interior designs by Steven G. This exclusive oceanfront tower 27 stories high into the sky is as panoramic as its counterparts: One Thousand Ocean Condo in Boca Raton and Turnberry Ocean Colony in Sunny Isles Beach. Further adding to its value, the condo is conveniently located near City Place the upscale outdoor shopping plaza evocative of Europe and the exciting Downtown at the Gardens, as well as an international airport. Currently, there is a phenomenal chance to invest in this comparably undervalued development with an additional 30% discount from the original price.
There is irrefutable evidence that the real estate market is turning around. If you have hesitated about investing, realize that now is the most opportune time to collect your share of profit as property values will see continued appreciation. Incredible offerings in the wonderfully prosperous town of Palm Beach provide an unrivaled possibility for you to invest. For more recommendations on the best places to invest in real estate, please visit my website www.globalrealtypartners.info