Royal Pines Estates down 37.9 percent

The Royal Pines Estates development in Royal Palm Beach is down 37.9
percent from its 2006 peak, according to data from CoreLogic. The median
sale price in the 112-home development is down from a high of $362,500.
The median market value in the community peaked at $288,950 in 2006,
and fell 46.9 percent to just $153,466 last year. Of homes in Royal
Pines Estates, 98 have a homestead exemption, which means they are the
primary residence of a permanent resident of Florida. Seven of the
homes, or 6.3 percent, are in foreclosure. [Palm
Beach Post]