The Real Deal Miami

West Palm’s Avondale sees big drop

April 27, 2011 09:12PM

The median market value in West Palm Beach’s Avondale community has
fallen 43.8 percent from the 2006 peak, according to data from financial
and property information company CoreLogic. Just three of the 52
properties in the area are in foreclosure, or 5.8 percent, and just
under 77 percent of the homes in the area have a homestead exemption,
which means they are primary homes of Florida residents. In 2006, the
median market value of a home in the development was $375,275, but as of
2010 that number was down to $210,989. [Palm
Beach Post]