Singer Island Market Update: 4/16/2011 – 4/30/2011

wreg Marketing Reports , Regional News , singer island Leave a Comment

Real estate activity in 2011 continues to improve over the previous year.  For the first 4 months, condo sales on Singer Island increased 62 percent over the same period in 2010, selling 73 units verse 45.  Of particular interest was the sale of condo/hotel units at the Resort at Singer Island.  In the first 4 months in 2010, there were only 2 units sold, in 2011 there were 13 units sold January through April; a 650 percent increase.

As we watch the real estate market on Singer Island rebound, we must turn our attention to the continuing problem of beach erosion.  As mentioned in my last island newsletter, the Singer Island Breakwater Project was terminated by the Palm Beach County commissioners.  After 15 years in the planning and permitting stages, the commissioners cited environmental concerns and technical doubts as the reason for ending the project.  The vote spelled the end of similar projects that had been planned from Jupiter to Lantana.  The project’s funding had been set, with money allocated by the state, Riviera Beach and Palm Beach County.  This project had the greatest impact on the island’s north end residences; but will affect us all if we lose the beach.

To try and revive this project, folks concerned for the preservation of the beach have started a petition to the Palm Beach County commissioners asking them to reconsider their vote, and vote “YES” to continue the Singer Island Breakwater Project.  We need your help to “Save the Beach”. 

Please go to the following website and sign the petition… Breakwater REVOTE! http://www.thepetitionsite.com/1/pbc-breakwater-revote/

In the attached documents, we have provided detailed information regarding condos currently listed, pending and sold on Singer Island including recent price reductions, new listings and homes that have come back on the market.  We hope you find this information to be useful. Call us today if you know of someone looking to buy or sell on Singer Island.  Your referral is our greatest compliment.

For more information on specific condominium sales activity contact Jeannie at 561-889-6734 or email her at [email protected].

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