Distinctive Palm Beach Properties
 
 
Zimmermans
 

Quick Search

 
 

Warning: Sales pressure ahead

Posted On: 10-24-2013

By Darrell Hofheinz Daily News Real Estate Writer

With demand way up and housing inventory sharply down, Palm Beach this season promises to be a town where the art of the deal may require even more artfulness than usual, according to island real estate professionals.So don’t be surprised if many of the properties that change hands over the next several months do so privately — without ever entering the two multiple listing services that serve the island.“I think the market is very strong, although we have such limited inventory right now,” said broker Linda Olsson of Linda R. Olsson Inc. Realtor. “But there are plenty of privately listed properties. Properties are moving so quickly, people are not even listing them anymore.

Frankly, they’re not even making it into MLS.”Buoyed by the economic recovery and pent-up demand, post-recession buyers have returned to the island in droves. Although brokers encountered a busy sales season last winter and spring, the warmer months proved just as active, said Palm Beach-based Bill Yahn, the Corcoran Group’s senior regional vice president for Florida operations.

 

To read more, click here: http://www.palmbeachdailynews.com/news/news/local/warning-sales-pressure-ahead/nbSWw/

Source: Darrell Hofheinz, October 24, 2013, Palm Beach Daily News

News Categories

Zimmerman Douglas Elliman

340 Royal Poinciana Way, Suite 318
Palm Beach, FL 33480

Jacqueline A. Zimmerman (561) 906-7153 Direct jz@PalmBeachProperty.com

Adam M. Zimmerman (561) 906-7152 Direct az@PalmBeachProperty.com

(561) 655-8600 Main Office

 
www.DistinctivePalmBeachProperties.com

The Definitive Source for Palm Beach Real Estate

Jacqueline A. Zimmerman(561) 906-7153pAdam M. Zimmerman(561) 906-7152pMain Office(561) 655-8600
Douglas Elliman, Licensed Real Estate Broker | 340 Royal Poinciana Way, Suite 318, Palm Beach, FL 33480


house

Equal Housing Opportunity

Privacy Policy | Terms & Conditions

Copyright © 2017. All Rights Reserved

No warranty or representation, express or implied is made as to the accuracy of the information contained herin, and same is submitted subject errors, omission, change of price rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.