Old Palm News

Old Palm Golf Club’s Market Report | 2021 Year To Date

June 16, 2021

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Old Palm Real Estate makes it a priority to keep our clients informed about the latest real estate trends within our private, gated community. As the summer months begin, our expert real estate professionals are here to provide you an update on the notable changes in Old Palm's sales activity between 2020 and 2021 to date. Take a look below!

 

Old Palm Homes Are Selling Quickly.

 

There has been a total of 38 closed sales between January 1, and May 31, 2021 in Old Palm—only nine away from the 47 recorded closings throughout the entire year of 2020. The residences in Old Palm Golf Club are selling at a quicker pace than last year, and they are also commanding higher prices. In 2021 thus far, the list price of an Old Palm home has averaged 4,831,289, which is 32% higher than 2020’s average listing price of $3,665,298. The average sales price has also jumped 29% from last year, rising from $3,109,923 to 4,018,237. 

 

Average Sold Price Per Square Foot Speaks To Rising Home Values 

 

The sheer number of closed sales is impressive, but the rise in average sold price per square foot speaks to the soaring value of Old Palm homes. On average in 2020, Old Palm residences were selling at $534 per square foot, which has since grown to $631 in 2021 year to date—nearly an 18% increase!

 

For All Your Old Palm Needs, Contact Old Palm Real Estate

 

Old Palm Golf Club's real estate market is good for both sellers and buyers.  Sellers are getting a favorable price for their home and new buyers are finding their dream home within the gates of a superior club. Connie McGinnis of Old Palm Real Estate has put his knowledge of the community and 30+ years of industry experience to the test - resulting in him expertly listing and selling more property at Old Palm than any agent so far in 2021!

 

Connie McGinnis holds the record for most homes sold in Old Palm since its inception in 2004. With the recent record level of sales and inquiries, Old Palm's inventory of homes is at the lowest level in many years. If you are considering listing your home, Connie McGinnis and Old Palm Real Estate have qualified buyers waiting, and would love to meet with you.  

 

Ready to move?

 

To learn more about any of the Old Palm homes available for private showings, contact Connie McGinnis with Old Palm Real Estate at 561-493-7220. Connie McGinnis is Old Palm’s #1 Broker in listings and sales since the community's inception and holds over 30 years of experience selling luxury properties throughout South Florida! 

 

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