West Palm, is a city in Palm Beach County, Florida, USA. As of the 2000 census, the incorporated part of the city had a total population of 82,103 but, according to the University of Florida's 2006 estimates, the incorporated city had a population of 107,617. [1] As of 2004, unincorporated areas near West Palm Beach that use "West Palm Beach" as their mailing address had a population of 257,274, for a total population of 364,891.
It is the county seat of Palm Beach CountyGR6, the northernmost county in the South Florida metropolitan area. The West Palm Beach television market area, which includes all of Palm Beach County as well as nearby Martin, St. Lucie, Okeechobee and Indian River Counties has a total population of 1,771,940.
Much of the urban area directly west of the city, which includes areas such as Westgate, Belvedere Estates, Lakeside Green, Century Village, Golden Lakes Estates, Lake Patrick, Bahama Heights and Drexel Park, to name a few, is not officially within the boundaries of West Palm Beach, these areas possess a "West Palm Beach" address. Urban services, such as police, fire, parks and water and sewer are provided by Palm Beach County in these areas.
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MARKET TRENDS IN PALM BEACH AND SURROUNDING COUNTIES
According to the Palm Beach Post using data provided by the Florida Association Of Realtors the median price of a single-family home in Palm Beach County dropped to $334,500 for the first quarter of 2008. That is a 12 percent decrease from the first quarter of 2007. The median price for a condominium during that same period of time fell 27 percent to $153,600. In Martin County, known as the Treasure Coast, the median price of a home dropped 28 percent to $172,600, and the price of a condominium fell 19 percent to $159,300.
The market continues to favor Buyers with a large selection of homes and price points however, more of those homes are becoming short sales and/or pre foreclosures. The major obstacle to overcome is the more stringent requirements for loan approval. Most lending institutions are requiring more down payment and offer higher rates depending on the Buyers credit score. Inventories continue to be high and marketing days longer for Sellers. Higher inventories of foreclosures and short sales demand more time and attention to detail between the agent, potential buyer and the institution holding the property.
Activity appears to be picking up as some Buyers feel the market is beginning to bottom out and now is the time to get that "good deal" on a property they have been looking and holding out for. There are still some good choices out there and with patience and realistic negotiating a dream home can be obtained.
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The climate in West Palm Beach is subtropical, with some discernible seasons, although not in the temperate climate sense.The brief, mild winters (December to early March) are noticeably cooler than the humid, tropical summers with low temperatures frequently dipping into the 40s F (5-9 C) and more rarely the 30s F (1-4 C), and on extremely rare occasions below freezing. High temperatures typically range from 65 to 82 F (18 - 28 C), although during cold spells high temperatures can remain in the 50s F (10 - 15 C).The lowest temperature ever recorded in the city was 27 F (-2.8 C) on January 19, 1977
The sixth months of summer (May through October) are hot and humid although easterly winds off the Atlantic and afternoon thunderstorms from the interior tend to temper the heat on a day to day basis during this period.Daily high temperatures consistently range between 86 - 92 F (30 - 33 C) between early June and late September.
The transitional months, November, March and April, are typically dry and warm with temperatures ranging from 55 F to 85 F (12 C - 28 C), although there can be short periods of quite cool weather in March and late November. |
