If you're planning on buying or selling a home in Frenchman's Reserve, Palm Beach Gardens Florida helps to know the property values, whether homes are going up or decreasing in value, the amount of homes on the market currently in what you're likely to pay for home in Frenchman’s Reserve.
There are currently 27 properties for sale priced from $489,000 for home in the Chambord neighborhood of Frenchman's Reserve, to $3.2 million for a luxury estate on Hermitage Circle. The median home price is currently $1.35 million, and the average listing price is $1,574,000.
Average days on the market are about 30-40 but the oldest home is currently 600 days on the market with two price drops. Desirable homes priced right typically sell within the first two weeks, to close within 1-2 months thereafter.
We are currently seeing a lot of homes that are priced high to start and quickly drop. This shows one of two things: greedy sellers or optimistic agents. If you’re serious about selling, pricing it correctly the first time is the best way to ensure a fast sale.
If you’re buying in Frenchman’s Reserve, waiting may be a risk you’re willing to take. Some homes drop the price within two weeks and typically will not entertain lower offers the first week, but you might also lose the home should another buyer offer full price that first week. It really depends on the market, the home and the price; all of which I can help navigate so you can make a more informed decision.
For more information on pricing your Frenchman’s Reserve home or answers on buying a home in Frenchman’s Reserve feel free to contact me anytime.