In April two properties on golf front traded – one an original build era house on a small golf front lot (9,779 sq. ft.) for $1,700,000 and the other a Mediterranean built in 1998 that traded for $2,825,000. In March, we saw the sale of a new construction golf front estate at $8,000,000 reflecting the widening gap between new builds and resale properties in Royal Palm.
You may have noticed an increase in the volume of “Just Sold!” postcards in your mail lately … Many neighbors complain about the pesky mailbox-clogging brag sheets but it seems that despite the grumbles, everyone in Royal Palm enjoys to keeping up to date on our local real estate market activity.
As ever, the questions I am hearing from the both optimists and pessimists in Royal Palm are focused on asking prices, selling prices and (especially!) inventory. As inventory levels are increasing – we have been hovering around 75 active listings with spikes into the low 80’s multiple times over the past six months – the topic of inventory is on the minds of many residents.
