The May 2024 Market Update for Palm Beach County reported 1,439 sales this month, matching last year's figures. The county's inventory has grown, with 5,108 active listings and 1,313 pending sales last month. Click on the images below for an enlarged view, and Click Here to read the full report. When you're looking for a local Realtor®, Barry Frette is the seasoned professional you need. Call...

HOA and condo-related squabbles indicated by the magnitude of past litigation and claims deter insurers from offering coverage, leading to higher premiums. Condo associations and HOAs in South Florida face disputes with allegations of election meddling, fund misappropriation, insider deals, and poor maintenance despite increased assessments. New leadership in some associations is addressing these...

Florida's growing condo crisis means that owning a unit in an older condo building is becoming more expensive due to new laws requiring associations to fund financial reserves and ensure building repairs and maintenance. Additionally, insurance costs for some complexes have doubled or tripled in recent years. Those whose units and associations are in buildings that cannot be repaired or maintained, and...

The April 2024 Market Update for Palm Beach County indicates that as summer grows near, at a time of year when more consumers arrive in South Florida, Palm Beach County's inventory has increased to 5,017 active listings, which represents a staggering 37.8% jump from last year, with a 4.4 months supply of inventory. In April 2024, the county saw over $1.6 billion in dollar volume from 1,402 closed sales....