Sotheby’s Realtor Andrew Thomka-Gazdik on Palm Beach Real Estate Trends

 

This season, we surveyed Realtors in the Palm Beach, New York, Greenwich and Hamptons markets to get the pulse on today’s hottest properties. Here, Andrew Thomka-Gazdik gives the lowdown on the state of Palm Beach.

Andrew Thomka-Gazdik
Sotheby’s International Realty / 561.714.8955 / gazdik@msn.com

Q: What interests you most about real estate and how did you land at Sotheby’s?  
A: My parents bought and renovated many homes when I was younger and I basically followed in their footsteps. When it came time to choose the best brokerage to sell my own properties through, let alone work at, there was no other brokerage that compared to Sotheby’s International Realty—the worldwide leader in luxury residential real estate.

Q: What trends are you seeing in Palm Beach this winter?
A: An ongoing trend is increased interest in new construction or complete renovations. Clients are also looking for one-of-a-kind homes, something that has a special history or pedigree and, of course, location, location, location.Q: What advice would you share with buyers and sellers based on the current state of the market?
A: Get in! If you’re a buyer, don’t wait too long to make an offer, because if you don’t, someone else will. And as a seller, give each and every offer a thorough review, as sometimes the first offer is the best offer. Time is generally not on your side if you are a buyer or a seller; allowing too much time to pass can often result in lost opportunity.  Q: Are there any up-and-coming areas in Palm Beach?
A: There has been a great deal of interest in the north end of the island and in-town locations that offer the option of “walking to” shopping, dining, beaches, and the lake trail. Buyers want easy access to the beach, and are sometimes seeking a quieter style of living. Many Palm Beachers are seasonal, and seek a different, relaxing style of property.

Q: Tell us about some of your exclusive listings.
A: I have some amazing fully renovated waterfront listings in full service condominiums along South Flagler Drive. The condos feature unobstructed views of the ocean, island of Palm Beach, and the intracoastal waterway.