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Prices in the Palm Beach Gardens community of Oaks East are beginning to stabilize with just three percent of the neighborhood's homes on the market. Buyers interested in this community should act soon before prices begin rising.
Oaks East is a "no frills" residential community of 416 Divosta-built, single family homes finished between 1991 and 1994. All homes have three bedroom, two or two and a half baths and range in size from just below 1600 square feet under air to just above 2000 SF. Two car garages are standard.
These are quality homes in an environment of lakes and Oak trees. Amenities include a community pool and tennis courts without the expensive clubhouses of the country club communities resulting in low monthly maintenance fees.
With just 13 homes on the market in mid-October 2010, Oaks East is a stable community of professionals, young families, empty nesters and retirees. Homes are now listed in the mid- $300,000's.
In mid-October 2010 there were 10 homes sold in Oaks East, averaging $165.5 per square foot, just three percent less than the $171 SF average for 2009.
The Weiss-Clawson Team researches market trends in communities throughout Palm Beach Gardens and Palm Beach County to bring the most up to date information to our clients. If you are interested in buying or selling a home in Palm Beach County, we would like to help you. Please contact The Weiss-Clawson Team directly. We look forward to hearing from you.
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Homebuyers seeking a Palm Beach Gardens community where homes will likely hold value in this difficult real estate market should consider Oaks East.
With about 415 units and just 14 on the market in late June, Oaks East is a stable community of professionals, young families, empty nesters and retirees. And compared with many other neighborhoods, the property values in Oaks East appear to be stabilizing. Homes are now listed in the mid- $300,000's
Few communities these days see propoerty values rising. At Oaks East, the decline in value is slight -- just nine percent over the past two years.
All homes are built by Divosta, a company with a reputation for very solid construction. The community is gated with lovely tree shaded streets, well manicured lawns, a club house and a swimming pool, though many residents have added backyard pools to their homes.
All homes have three bedrooms, two or two and a half baths and range in size from just below 1600 square feet under air to just above 2000 SF. Two car garages are standard.
Through late June 2010 seven homes sold in Oaks East averaging $162 per square foot, just nine percent lower than the 16 homes selling in 2008 at $178 SF. In 2009 17 homes sold averaging $171/SF.
Oaks East is located along Gardens East Drive, north of Burns Road and south of RCA Boulevard and The Gardens Mall, wonderfully convenience to shopping, restaurants, communities facilities (library, parks), schools and major roadways.
The Weiss-Clawson Team researches communities throughout Palm Beach Gardens and Palm Beach County to provide the most up to date information for our clients. If you are interested in buying or selling a home in Palm Beach Gardens, please contact The Weiss-Clawson Team directly. We look forward to hearing from you and to working with you.
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