WEST PALM'S BAY HILL ESTATES PROVIDES GOOD BUYER OPPORTUNITIES
By Carol Clawson
(Keller Williams Realty of the Palm Beaches)
The homes at West Palm Beach’s Bay Hill Estates provide great opportunities for buyers to find a large, stately mansion on an acre lot for prices close to market bottom. Sales at Bay Hill have held steady at a little more than a house closing every month, but prices have languished at about where they were in 2011 at the bottom of our local real estate market. Through October, 2014 there were 12 homes sold in Bay Hill averaging $160 per square foot. During all of 2011 there were 14 homes sold in Bay Hill averaging $159 per square foot. One probable cause for the lack of movement in community home prices is the number of distressed homes sold during 2014. One-third of homes sold at Bay Hill through October 2014 were distressed properties – short sales or foreclosures. ...
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