West Palm Beach has an estimated population of 111,955 and serves as the county seat of Palm Beach County, Florida. The city is home to many historic neighborhoods and communities as well as a vibrant arts and culture scene. West Palm Beach also hosts several annual festivals and shows, including the renowned SunFest and the Palm Beach International Film Festival.
In West Palm Beach, properties have a median listing price of $250k, at $172 per square feet. The most expensive neighborhood is El Cid with a median listing price of $2.3M. Meanwhile, the most affordable neighborhood is the Villages of Palm Beach Lakes, which has a median listing price of $174k. It is currently a buyer’s market. Most properties stay on the market for 82 days and sell 4.5% under the list price.
Based on these statistics, West Palm Beach does not have the most affordable housing market, especially when compared to other cities in Florida. As such, if you want to get a good deal, you must do ample research, have knowledge of the local market, and possess expert negotiation skills. For many, this can be too tall an order. That is why it is imperative to seek the help of a West Palm Beach real estate agent.
By availing of professional real estate services, you can find your dream home at the best possible price. In a similar fashion, if you are selling your property in West Palm Beach, you will greatly benefit from a certified real estate professional. They have the resources, knowledge, skills, and connections needed to carry out the deal.
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