Palm Beach County is topping the list of home sales in Florida. The Palm Beach Post reported that in April of 2011 single-family home sales in Palm Beach County increased 21% compared to the same time in 2010. More than 2,000 homes were sold in the months of February and April.
In May, Michael Leibowitz of Leibowitz Realty spoke with The Palm Beach Post about recent changes in the housing market. Mr. Leibowitz stated that "Things have surged and we've even seen sellers make profits, which we haven't seen in a while."
Leibowitz Realty specializes in luxury home sales in prominent areas throughout Palm Beach County. The company has seen a notable increase in the number of buyers looking for second homes. These buyers often pay cash and are in good spirits about the economy.
While home sales continue to drop across the country, Palm Beach County is on the rise. Buyers are confident in the area and investors are taking advantage of low interest rates on mortgages.