74 new homes sell in just 2 hours

Things are definitely picking up in the Palm Beach real estate market.  The Palm Beach Post reported that home prices in March were up 28% over a year ago.  And in February, home prices were up 27% year over year.  Now here is some staggering news on new home sales.

Boynton Beach is located in southern Palm Beach county and GL Homes is building a community there called Valencia Cove.   The homes are priced between $300,000-$ 600,000.  Last week they held a grand opening.

They sold 73 pre-construction homes in 2 hours as other buyers competed in a lottery style drawing for the premium lots.  The total of all these sales was about $ 35 million.

Here in Jupiter we have a few new construction projects underway.  Remember, if you are considering a new home, it will never cost you more to use a Realtor to represent you but it may cost you not to!

If you are looking for a home in this area, you can see them all at Coastal Florida Real Estate where you have access to the official MLS database, the same one agents use, without having to sign in.  When you are ready, you can reach me at 561-762-4073.