Transit Village: On its way to Becoming a West Palm Beach Reality

Transit Village: On its way to Becoming a West Palm Beach Reality

Just a stone’s throw away from Palm Beach Condo Company’s current downtown location; the Palm Beach County Commission approved the new downtown Transit Village development.  Transit Village will be developed on the 5.7-acre site known as “the wedge.”  The project has up to 950,000 square feet of office, retail and educational space scheduled.  Additionally, up [...]

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West Palm Beach: One of the “Hottest” cities in the United States

West Palm Beach: One of the “Hottest” cities in the United States

During what many experts are calling a harsh real estate market, a few cities across the country have seen a substantial increase in home buyer interest.  According to a study recently posted on CNBC’s website, West Palm Beach has seen nearly a 12% increase in sales over the past year and a 45% increase in [...]

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West Palm Beach Commercial Condos

West Palm Beach Commercial Condos

Palm Beach Condo Company is pleased to announce that construction has started on one of our commercial listings in the prestigious Esplanade Grande in downtown West Palm Beach. Already placed tenants will be moving into this great space in approximately 90 days.  

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Palm Beach Condo Market Stats

Palm Beach Condo Market Stats

In a review of the latest market statistics, all categories have shown improvements. The amount of closed transactions have increased by nearly 30% year over year The amount of time a property spent on the MLS has decreased by almost 10% from this same time last year The inventory has shown a steady decline over [...]

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How will Bank Foreclosures and REO’s Affect the West Palm Beach Condo Market?

How will Bank Foreclosures and REO’s Affect the West Palm Beach Condo Market?

Today’s marketplace is providing unbelievable opportunities.  Banks are slowly releasing inventory onto the market at such low prices; they are effectively creating an auction on each property they release.  One example of this is a condo new to the market Wednesday of this past week listed for $95,000, creating a frenzy where buyers threw out [...]

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71% Discount for Buying in Bulk

71% Discount for Buying in Bulk

A Hialeah bulk buyer purchased 128 condominiums from Ocean Bank 71% off previous average sales.  This savings is calculated on the 52 units that 4400 LLC had sold at Casa Bella for an average of $202 per square foot, according to Condo Vultures.  The 128 units were eventually sold for $58 per square foot. According [...]

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Mortgage Rates Hit All Time Low: Averaging 4.69% for a 30 year-fixed-rate mortgage.

Mortgage Rates Hit All Time Low: Averaging 4.69% for a 30 year-fixed-rate mortgage.

Housing statistics are improving on all fronts.  Both condo and single family sales of existing products are continuing to increase month after month.  Palm Beach Condo Company believes that this, paired up with today’s news that mortgage rates have hit an ALL TIME LOW of 4.69%, make today’s market the best time to buy. Many [...]

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Is this the bottom of the Palm Beach condo market?

Is this the bottom of the Palm Beach condo market?

This question is one that every buyer asks themselves when considering purchasing a condo in today’s marketplace.  I have yet to meet a single buyer who would prefer to wait until they know the bottom has passed.  But how do you know when you’re at bottom?  By the time statistics have shown an uptick in [...]

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Venus v. Mars: Women Are Proving To Be Smarter Than Men!

Venus v. Mars: Women Are Proving To Be Smarter Than Men!

According to the National Association of Realtors, unwed females continue to outpace unwed males in first time home ownership.  In 2009, 21% of the national real estate market transacted because of the determination of young single females to realize their dream of home ownership.  This compares to only 10% for unwed males.  Single women have [...]

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2010 SunFest Draws Big Crowds to West Palm Beach

2010 SunFest Draws Big Crowds to West Palm Beach

What can be better than five-day music festival on a beautiful downtown intracoastal waterfront?  This year’s events feature three stages for world-famous performers to engage their fans along with floating barges with fully stocked bars and DJ’s to entertain the crowds waiting to hear their next favorite band.  SunFest 2010 kicked off with a bang on Wednesday night [...]

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