The Real Deal Miami

Palm Beach property values to see slight rise

April 30, 2012 09:45AM

Property values in the town of Palm Beach will rise slightly in 2012, according to data from Palm Beach County Property Appraiser Gary Nikolits. “At this point, we can tell they are in the positive this year, by less than 1 percent,” Nikolits said. “Two years ago, we were at or near the bottom of the market.” The nearly 1 percent increase comes after three straight years of reductions in property values, with a 12.4 percent decrease in 2010. “We’re just bumping along the bottom here,” he said. “If you look at the overall county, some areas are up a little and some are down.” [Palm Beach Daily News]