October 2019 Market Update: Manalapan, Ocean Ridge and Gulf Stream

Manalapan, Ocean Ridge and Gulf Stream Market Update

Each slide compares year-over-year data to show trends in the market place. For more information on Absorption Rate and how to determine if the market is balanced or if it favors buyers or sellers, please see “How’s The Market?” (click here for article).

Note on these areas: the property values are much higher than other areas in Palm Beach County, and these types of homes tend to have their own market. In the luxury market, sellers usually don’t need to sell, and buyers aren’t in a hurry to buy. Many times, sellers will place their properties on the market for extended periods of time to see if they get any bites; therefore you will often see a lot of inventory.

Here is the most recent Market Update for Manalapan

  • Single Family Homes — 16.6 months supply = Buyer’s Market
  • Townhouse/Condos — 11.0 months supply = Buyer’s Market

Here is the most recent Market Update for Ocean Ridge

  • Single Family Homes — 10.8 months supply = Buyer’s Market
  • Townhouse/Condos — 8.5 months supply = Buyer’s Market

Here is the most recent Market Update for Gulf Stream

  • Single Family Homes — 5.5 months supply = Balanced Market
  • Townhouse/Condos — 4.8 months supply = Seller’s Market

For more information, call me at 561.806.8550 or email me at heather.towe@gmail.com!

Heather E. Towe, P.A.
561-806-8550 | heather.towe.gmail.com
Licensed to Sell Real Estate in Florida

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Luxury Real Estate Services for Palm Beach County, Florida.

*** Listing Specialist in Palm Beach County, including: Jupiter, Juno Beach, Palm Beach Gardens, North Palm Beach, West Palm Beach, Palm Beach, Jupiter Island.

*** Serving Buyers by referral throughout Palm Beach County.

*** Offering expert real estate advice to everyone, and referrals to local real estate experts all over the world.

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