Palm Beach County sales prices rise 4 percent

Sales prices in Palm Beach County rose by 4 percent in March compared to the same period in 2011, according to data from Florida Realtors, the Palm Beach Post reported. “In the last year, my buyers have had to increase their offers by 10 percent,” said Sharon Restrepo, vice president of the Florida Real Estate Investors Association. “Cash is coming from everywhere, and everyone is finally emptying their mattresses of money.” While prices showed gains, sales fell 7 percent in the same period. [Palm Beach Post]