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CONDO MARKET UPDATE
THE SALES in condos built after Year 2000 was-0- unit. MARINA GRANDE closed -0- Units in April. Market wide in Palm Beach County, SALES Volume continues to decline however Average Price per Unit is holding. The county data is showing a reduction in the number of units sold. Active listings are now starting to rise and we will likely see price adjustments, as the inventory of UNSOLD CONDOS and DAYS ON THE MARKET increase. Buyers are waiting on either prices - and/or - interest rates to drop. Neither has happened to date. APRIL 2024 ~ CONDO RENTAL MARKET SEASONAL RENTALS 2025 ~ IF you are looking for a 2025 Seasonal Rental, the best time to start your search is in the summer, when we know what condos are coming back on the market Be patient - we will find your seasonal condo later in the year. If you are thinking about renting your condo for net winter when the rent rates are high, reach out to me for a rental consultation.
ANNUAL RENTALS ~ condo inventory for long term annual leases is low as compared to previous years. Most long term tenants are renewing their leases, year after year, and not many new annual rental listings are coming on market.
OFF-SEASON SUMMER & FALL RENTALS - there are quite a few good options if you are looking for a summer- fall rental on the ocean- Rent for 3-6 months and enjoy live on the sand. Rates are lower off season too:)
16 UNITS SOLD - CONDOS BUILT PRIOR TO 2000
AVERAGE SELLING PRICE = $819,437 AVERAGE DAYS ON MARKET = 70 AVERAGE PRICE PER SF = $560.20
$809,000 @ 2 BR 2 BA Direct Ocean Corner COTE D'AZUR 1-906 $800,,000 @ 2 BR 2 BA North Ocean Views COTE D'AZUR 2-1402 COTE D'AZUR 2-1605 $1,550,000 @ 3 BR 2 BA Hi FL East Ocean PHOENIX TOWERS B15D $625,000 @ 2 BR 2 BA East Facing Hi FL SEAGRAPE 4D $490,000 @ 2 BR 2 BA NW Corner Lo FL SEAGRAPE 6A SUGAR SANDS 408 $524,999 @ 2 BR 1160 SS Blvd. TIARA 28E $900,000 @ 2 BR 2 BA Direct East Ocean TIARA 22E $1,180,000 @ 2 BR 2 BA Dir East Ocean TIARA 29F $1,300,000 @ 2 BR 2 BA SW Ocean & ICW WATER GLADES 100 - 1A $1,130,000 @ 2 BR 2 BA Low FL Ocean Vu
CATEGORY 2 (Built after Yr 2000) -0- UNITS SOLD
CATEGORY 3 -0- UNITS SOLD
BUYING OPPORTUNITIES - call for more info
EASTPOINTE I 8B $799,000 (2 BR 2 BA) - MOVE IN READY - PRICE ADJUSTMENT - ENJOY BRAND NEW IMPACT GLASS SLIDING DOORS + WINDOWS. Lovely, light and airy remodeled 2 BR 2 BA SE facing condo with dual views of the ocean and intracoastal waterways - sunrise and sunsets. Entertain in your open kitchen with white cabinetry, quartz countertops and stainless steel GE appliances + wine fridge. Crown molding, laminate wood flooring w/5" base molding, primary bathroom recently remodeled with jetted tub in master and clear frameless walk in shower and dual vanities. Custom light fixtures throughout and electric fireplace. Lower Garage Parking #34. Large storage locker on FL. Buying opportunity at Eastpointe I, an elegant building with MANY recent upgrades - 24 hour manned guard gate and lobby concierge, onsite management, large heated pool by ocean, beautiful new clubhouse room right off pool deck and catering kitchen, bar, and dining areas for condo events and your private parties. $349,900 (1 BR 1 BA) - Located next to multi-million dollar newly constructed condos, Villas on the Ocean 223 is a gem at a reasonable cost with low overhead compared to other oceanfront condos. Recently renovated with tranquil landscaped views from spacious screen patio off bedroom + ocean views from entry walkway at unit's front door. Kitchen transformed to an open living area w/custom cabs and SS appliances. Newer AC, plank wood like flooring + custom tile work. Updated bathroom, custom ceiling lights. Washer Dryer hook-up ready to go for your interior laundry space. Best beaches on the island - stable, wide and sandy. Heated swimming pool. Assigned parking space. Great buying opp for beach lovers seeking a great beach getaway. COTE D'AZUR 1-1201 $895,000 (2 BR 2 BA) - Great corner ocean views plus interior upgrades. Strong reserves and well managed association.
RENTALS - ARE HARD TO FIND Want to generate Income $$ from your CONDO? CURRENTLY, there is a shortage of quality rentals.
DUNES TOWERS B5C - AVAILABLE FOR 2025 WINTER RENTAL
the Palm Beach Inlet, Peanut Island and Palm Beach Island. Marina Grande recently completed a beautiful remodeling of their entire 7th FL pool deck overlooking the island - the amenities are top notch with state of the art fitness facilities, spa, residents party room w/social activities year round. 24 hour manned gate. Garage and Valet parking.
For a private CONSULTATION for BUYING & SELLING OPPORTUNITIES, 2022 WINTER SEASONAL RENTALS or SUMMER TO FALL OFF-SEASON rental listings, CALL, EMAIL or CHECK OUT OUR WEBSITE - SingerIslandProperties.com for a complete recap of all listings in SINGER ISLAND, PALM BEACH SHORES - MARINA GRANDE - AREA SALES & RENTALS. CALL or TEXT @ 561 309-3579 or SEND AN EMAIL to ~ [email protected] www.SingerIslandProperties.com TIMING IS EVERYTHING! For a confidential market analysis, listing appointments, buyer showings, property brochures and rental information, call Marilyn D. Peirce @ 561 309-3579
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Buyers and their agents need to feel welcome to look at the property at their leisure without danger or distractions. So while you adore your sweet-tempered pit bull rescue, he could turn territorial, barking and growling at potential homebuyers. And it could cost you the opportunity to sell your home.
Wondering What Your Home Is Worth?
Curb appeal, the first impression your home conveys to prospective buyers, should create an emotional desire to own the home and enjoy the lifestyle and status it represents.
In general, ‘prior to fund’ means your loan approval is almost at the goal post. When lenders issue an initial decision, there will still be things needed to complete even though you’ve submitted everything your lender asked for. There are stages in the loan approval process and even though you probably realize it, lenders have given these stages different names.
| Marilyn D. Peirce E-Pro Broker Associate ABR E-mail: [email protected] Web: http://singerislandproperties.com | Illustrated Properties Real Estate 2725 PGA Blvd Palm Beach Gardens FL 33410 (561) 309-3579 | Jaimee Peirce-Shea Sales Associate E-mail: [email protected] (561) 889-7356 |  Equal Housing Opportunity |
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