The demand for housing remains high in Palm Beach County, with home values rising across the board last year in all 39 cities, towns, and villages. According to the property appraiser’s estimates released Wednesday, countywide taxable property values increased by 9.12%, factoring in new construction, and every municipality saw its overall home value rise.

Key Highlights:

  • Highest Increase: Westlake saw the highest increase in taxable value at 40.50%.
  • Lowest Increase: Atlantis had the lowest increase in taxable value at 4.99%.
  • Highest Median Sales Price: The Town of Palm Beach had the highest median home sale price at $13 million.
  • Lowest Median Sales Price: South Bay had the lowest median home sale price at $200,000.

Detailed…

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Property values have surged significantly across Broward County, with both major cities and smaller communities experiencing notable increases. According to the latest figures from the Broward Property Appraiser, taxable values have risen by an average of 8.77% countywide, based on sales from January 1, 2023, to December 31, 2023.

Key Highlights:

  • Highest Increase: Sea Ranch Lakes saw the highest increase in taxable value at 17.26%.
  • Lowest Increase: Lazy Lake had the lowest increase in taxable value at 4.36%.
  • Highest Median Sales Price: Sea Ranch Lakes also had the highest median home sale price at $2,900,000.
  • Lowest Median Sales Price: Pembroke Park had the lowest median home sale price at $260,000.

Factors Contributing to Property…

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I'm here to bring you your May, 2024 South Florida Housing Market Update.

As always, for the purposes of these videos, we're going to be talking about single family homes only in Boca, Parkland and Coral Springs. That's where our team does the predominant amount of our business.

So we're talking single family only no condos, no townhouses. Those are definitely different markets. And we're not talking about anything

When we give you these stats, we're trying to give you the leading indicator showing you what happened last month in the market. So you know where the market is headed. Not where it's been.

A lot of times when you hear these stats from the media, they're talking about closed sales price, which is really indicative of what…

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