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Jack Nicklaus North Palm Beach Course Makes the List

Golf.com recently recognized Jack Nicklaus’ Signature Course at The NPBCC, located in Palm Beach County, Florida, in their article titled “The 30 best municipal golf courses in America.” 

According to Golf’s raters and author Ran Morrissett “Though the game itself can never be mastered, one thing is for sure: The most affordable way to pursue our sport is by playing municipal golf courses. For that reason, none of our course rankings is, arguably, more important than this one, the first such compilation of munis ever put together by GOLF. com

The article stated, “The Nicklaus team redid the original Seth Raynor design here in 2006, then came back in 2019 to regrass the course, reposition bunkers and soften the greens. You’ll encounter a surprising (for Florida) amount of elevation changes right away on the downhill 1st, while both the 9th and 18th play uphill to the clubhouse. Plenty of water comes into play, especially on the par-4 6th, which is along the Intracoastal Waterway. Patience is key to scoring well thanks to an omnipresent wind. The par-3s are stout, especially the 250-yard 15th that plays over water.” (Nicklaus Design and GOLF.com are affiliates of 8AM Golf.)

About the North Palm Beach Golf and Country Club

Open to All! The newly renovated North Palm Beach Country Club’s supreme blend of natural beauty, recreation, relaxation, culinary cuisines, and entertainment receives rave reviews.

The club’s Jack Nicklaus Signature 18-hole course was redesigned and opened to the public in 2006 and upgraded in 2019. This premier Florida golf destination’s generous fairways and five sets of tees provide experienced and beginner golfers with a challenging course with rolling terrains covered with natural oak hammocks and scenic views Intracoastal Waterway.

Golf Pro Allan Bowman leads a staff of top-rated professionals dedicated to helping golfers improve their game. Opened daily is a fully equipped shop with fashionable attire, accessories, and equipment. There’s a  putting green, newly designed locker room, and golf cart storage as well. Learn More

North Palm Beach – June Home Sales

“Market conditions for today’s prospective buyers have finished worsening.”

Brad O’Connor Ph. D. Florida Realtors Chief Economist   

Statewide | Florida Realtors 

In a statement by Florida Chief Economist Brad O’Connor Ph. D,  “Compared to one year ago in June 2020, this June there were actually close to 14% *fewer* new pending sales. That’s not anything to be alarmed about, but it is just something we’ll have to get used to over the remaining months of 2021. The housing market recovery in the second half of 2020 was a market on steroids, fueled by pent-up demand from the postponed spring buying season and falling interest rates, so there’s never been any expectation that we’d come close to that level of performance in the second half of 2021.”

O’Connor continued on to say, “The active inventory of single-family homes on the resale market registered its first significant monthly increase in June since March of last year. The number of single-family homes on the market as of the end of June was close to 8% higher than it was at the end of May. It was still over 47% below where it was one year ago at this time, of course, but still, all current signs point to us having reached the peak of the seller’s market. That doesn’t mean we’re going to swing right back into a buyer’s market, though. Remember, we were already in a seller’s market for single-family homes before the pandemic. All this means is that market conditions for today’s prospective buyers have finished worsening.”

North Palm Beach

In North Palm Beach, the number of new single-family homes for sale increased 15.4 percent from the same time last year. Inventory levels remain at historic lows. However, the month’s supply increased slightly from the previous month, a 2.0 month supply compared to a 1.5 month supply. Year-over-year, the average price of single-family homes in North Palm Beach increased 122.6 percent.

The number of available condos and townhomes decreased 62.5 percent from the previous year, closing the month with a 2.1 month supply. The sales volume of all properties totaled 17.7 million, up 344.2 percent from the same time last year.

New pending sales for all property types totaled 29 in June, a decrease of 49.1 percent from the previous year. The number of new listings, year-over-year, was unchanged. During June, 10 single-family homes and 36 condos and townhomes closed in North Palm Beach.

Sellers remain in an excellent position to attract qualified buyers and get the best possible price. As the potential for higher mortgage rates increases, now is a perfect time for sellers to weigh their options.

Opportunities for buyers seeking the Florida lifestyle remain challenging but are improving. New properties become available every day, and they don’t last for long. However, with the inventory at historic lows and fierce competition, you’ll need to be well-positioned to win the deal. First, have your financial plan established, and be sure to be pre-approved for a mortgage—also, partner with a  trusted Realtor who knows the area and the inventory. Guarantee that you’re in the know; it’s as simple as requesting email listing alerts that deliver the latest and greatest based on your specific wants and needs. Learn More.

Market reports for individual communities and condo buildings in North Palm Beach, Singer Island, Juno Beach,  Jupiter, and Palm Beach Gardens are available by request. To receive your complimentary market report via email, complete the form on this page and include your community/condo’s name in the message. Call or text Patti at 561-254-6310. Email, pkcnpb@gmail.com

 

 

Palm Beach Gardens – June Home Sales

“Market conditions for today’s prospective buyers have finished worsening.”

Brad O’Connor Ph. D. Florida Realtors Chief Economist   

Statewide | Florida Realtors 

In a statement by Florida Chief Economist Brad O’Connor Ph. D,  “Compared to one year ago in June 2020, this June there were actually close to 14% fewer new pending sales. That’s not anything to be alarmed about, but it is just something we’ll have to get used to over the remaining months of 2021. The housing market recovery in the second half of 2020 was a market on steroids, fueled by pent-up demand from the postponed spring buying season and falling interest rates, so there’s never been any expectation that we’d come close to that level of performance in the second half of 2021.”

O’Connor continued on to say, “The active inventory of single-family homes on the resale market registered its first significant monthly increase in June since March of last year. The number of single-family homes on the market as of the end of June was close to 8% higher than it was at the end of May. It was still over 47% below where it was one year ago at this time, of course, but still, all current signs point to us having reached the peak of the seller’s market. That doesn’t mean we’re going to swing right back into a buyer’s market, though. Remember, we were already in a seller’s market for single-family homes before the pandemic. All this means is that market conditions for today’s prospective buyers have finished worsening.”

Palm Beach Gardens

In Palm Beach Gardens, inventory remains at historic lows. The number of new single-family homes for sale increased 10.9 percent from the same time last year, leaving only a 1.5 month supply.  The median price, 50 percent higher and 50 percent lower, of single-family homes in Palm Beach Gardens increased 71.3 percent.

The number of available condos and townhomes decreased 59.0 percent from the previous year, closing the month with a 1.6 month supply. A total of 208 properties closed in June, 114 single-family homes, and 94 townhomes and condos. The sales volume of all properties totaled 189.9M.

New pending homes sales totaled 114 in June, a decrease of 34.1 percent from the previous year. There were 196 new listings in June, a year-over-year increased of 16.0 percent.

Sellers are in an excellent position to attract qualified buyers and get the best possible price. With summer and the potential for higher mortgage rates around the corner, now is a perfect time for sellers to weigh their options.

Opportunities for buyers seeking the Florida lifestyle exist. However, with the inventory at historic lows and fierce competition, you’ll need to be well-positioned to win the deal. First, have your financial plan established, and be sure to be pre-approved for a mortgage—also, partner with a  trusted Realtor who knows the area and the inventory. New properties become available every day, and they don’t last for long. Guarantee that you’re in the know; it’s as simple as requesting email listing alerts that deliver the latest and greatest based on your specific wants and needs. Learn More.

Source | Florida Realtors

Market reports for individual communities and condo buildings in North Palm Beach, Singer Island, Juno Beach,  Jupiter, and Palm Beach Gardens are available by request. To receive your complimentary market report via email, complete the form on this page and include your community/condo’s name in the message. Call or text Patti at 561-254-6310.