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The Naples Bay-Beach-Tower is a big time hotel: where celebrities dine once in a lifetime.

The following is from: Palm Beach PostA look at the Palm Beach County residential real estate market:Sales numbersSales of single-family homes in Palm Beach County for the first half of 2014 are up by 7 percent over the same period in 2013, the countys real estate board reported Tuesday. Thats the third straight year that sales have increased. The demand for homes continues to outpace supply, said Scott Legg, chief economist for the Palm Beach Association of Realtors. The average price per square foot of Palm Beach County homes is up 0. 2 percent from the first half of 2013, but down from the first half of 2012. The median price per square foot is up 5. Most of the increase has come in the first six months of the year. Sales are up by 18 percent over the first six months of 2012. Home prices are up much faster in the spring, summer and fall when people move out of their high-demand properties and into their lower-demand homes, Legg said. The year-to-date pace so far is down 18 percent from last year. For the first six months of 2014, sales were up 9. The year-to-date sales pace is down from the first half of last year the highest sales pace recorded in the countys history for that time period. Somebody might say, Well, whats behind it. Well, they might be right, but it could be, it could be a couple of things. It could be an oversupply at this point thats bringing down prices. There were 13,639 sales in Palm Beach County in the first six months of 2014 a drop from the first half of 2012. Some of the decline is being driven by a lack of inventory. The seller market is in full effect, Legg said. If you want to buy a home, you need to have some inventory. Many Palm Beach County homes are on the market for several months, but only one or two realt.

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