Palm Bay Florida Real Estate Market

    

   Palm Bay is one of the populous cities in the county with the estimated population of 100,786. In the metropolitan census, the estimate is 536,521. The history of Palm Bay began in the 1850s when European settlers built their homes in the Turkey Creek. The city was named Palm Bay in the 1920s after the bay was adorned with sabal palm trees. The streets of Palm Bay were developed when a company helped the city built the streets and houses.   The city of Palm Bay is a beautiful place to live and to work.

     The median home price in Palm Bay is $141,000 and the market peak is about 49.9% since the drop. The real estate market is better now than 4 years before. This gives retirees more options to choose.  Existing homes have prices below than 50%. Retirees can easily afford buying homes now. According to analysts they are predicting that the Baby Boom Generation of the mid-60s is retiring soon and they are prospective buyer of real estates. They indicate that the real estate market will be greatly affected by the Boomers. They fit the lifestyle of Palm Bay because Boomers are active people. They exercise, they play golf, and they basked in the sun and enjoy eating out. Baby Boomers wanted to invest their money on a good place to retire and Palm Bay is a good place to start with. Palm Bay has many good hospitals and amenities. The Palm Bay Florida real estate is home to beautiful beaches, good weather, good quality and reasonable price.

What to look for in Palm Bay, Florida real estate?

     You should research for a good location in Palm Bay because it is very important when buying real estates. Think of why you are choosing that place and its re-sell value. People tend to buy real estate by just looking at prices and worrying about the payment. They tend to overlook the important stuffs such as location. Do not just look at room spaces or number of bedrooms, notice what it would do for your investments. It is important to do ones’ homework by making research about the places. Ask experts on what locations are good in Palm Bay. What has the most number of residents and are they good or bad. Consider all options and choose carefully because you are putting your money for investments. You wanted to put your money in good use. Look for the right price so you can sell the estate at a good price. You can also consult real estate professionals on what locations or opportunities are good. There are underpriced real estates in Palm Bay. The important thing is to always keep an eye.

Investing on Palm Bay, Florida real estate

     Population in Palm Bay is still increasing every year according to a U.S. census. It is better to research about impacts that could hit your investments to avoid losing. The statistics in Palm Bay is increasing in a span of five years because nearby towns like Gainesville has a huge population too due to a large university. It is not easy to understand real estate market. It requires patience between the buyer and the seller. In Palm Bay you will not regret buying due to its good weather, affordable housing, and great amenities. The market is taking a peak due to its increasing population and is thriving to increase. And lastly, understand the market trends and look for affordable real estate properties. Most American families can afford buying new homes. Average families who have less than 100 means will not be able to afford buying real estate. It just took awhile and loads of patience in the real estate market.  

Fun Activities and Historic Landmarks of Palm Bay, Florida

Having fun does not have to be expensive for everyone to enjoy. There are tons of ideas and fun things to do around Palm Bay. The important thing is to enjoy your time with your family without burning your pocket. Because nowadays, many people think that to have fun you should waste a lot of money. We just have to look on the old times where having fun means quality time with our family at a reasonable price. This is what Palm Bay, Florida is going to give you. Palm Bay is the most populous city in Florida with an estimated of 100,786.Palm Bay is close to Melbourne and Orlando International Airport and Port Canaveral.  Therefore the city offers entertainment attractions for the whole family for you to choose. There are 29 city parks where you can do skateboarding, take a walk in a 200 acre park, paintball, play golf, and enjoy the beaches.

Family can have fun on Palm Bay’s good temperature of 72 degrees. It has a good weather for playing outside and enjoys taking a walk. One of the fun activities here is playing sports like golf. There are 37 golf courses in Palm Bay.  If you are not into golf then tennis is also one of the favorite sports here. There are scheduled leagues everyday for the rest of the week. If you are into water activities, family can enjoy boating that is enjoyed all year. Fishing can be enjoying on given days on St John’s River and Palm Bay. If you wanted to make the most of your stay in Palm Bay, there is The Yacht Club. Palm Bay is a hub for surfers, kite surfers, sailboarders and kayakers. You will never get bored on the shores of Palm Bay area.

You can also catch various sports game like basketball, softball, baseball, football, soccer in the Viera Stadium. Family’s can enjoy picnics, concerts, fireworks and special events.  Old and young ones will enjoy the activities here. In Palm Bay Marina, September month is a rainy season and April is the driest. If you are into cultural events and dining, there are many to choose especially outdoors. You can go to Cocoa, Titusville and Melbourne. For “vacation style” restaurants then you can look for Sebastian Inlet to Port Canaveral.

For performing arts, there is Brevard County and The Maxwell c. King Center, Phoenix Theater, and the Melbourne Civic Theater. These theaters are home to various Broadway musicals, symphonies, jazz, ballet and opera. Performing arts enthusiast will surely love this place. For children and old people can enjoy the historical places in Palms Bay. There is Margaret Homes Nature Center, the Titusville Historic Museum, and the Air Force Museum found in the Brevard County. Not far from Orlando city, family can enjoy Disney World, Universal Studios and Sea World. These are famous attractions in Florida that millions of visitors come here often.

Florida’s Space Coast is 72 miles along the Atlantic Ocean; Palm Bay city is elevated by33 feet. The closest ocean is near Melbourne Beach, Florida. The original name of Palm Bay was the town of Tillman. It was established by the year 1887. Around 1925, the name of the city was changed to Palm Bay. The National Aeronautics and Space Administration (NASA) helped in the economy of Florida when it was established in 1958. Palm Bay, Florida is guaranteed to give you a fun time that suits your taste.

Climate and Storm History of Palm Bay, Florida

Palm Bay, Florida has a mild sunny climate and a defined rainy season during the month of June until September. These months are prone to tropical cyclones. Palm Bay, Florida is common to tornadoes among the states. Per year the cause of death is thunderstorms and lightning. Dry season usually occurs during October and May that keeps the state and through the peninsula. The average high temperature during this time is 30 to 32C and lower to 21 to 24C. There are occasional thunderstorms during the afternoon and sea breezes the cools the throughout the day. Bushfire is common during this dry season. Due to the existing El Nino, rainfall increases during winter that makes the temperature cooler. Snow occurs in early November and late April. These months are usually warm and dry. The average high temperature is 24 to 27C and lows to 14 to 19C. Cold fronts are experienced in the city with the temperature of 10 to 20C and lows to 5 to 15C that only lasts for days.

The average temperature in Palm Bay is 18 to 21C in the north part while 21 to 25C in the south part. In Key West, the highest temperature recorded at 25.7C. You could find many inland lakes and ponds in the state. This helps in making abundant rainfall and high humidity. But precipitation changes yearly and drought occurs that cause problems in Palm Bay. The other parts of southern Florida and Palm Beach have a tropical climate that reaches the temperature of 18.0C. Throughout May and October, the annual precipitation is 1,500mm. There are an average of 133 wet days and 234 sunny days annually. On the months of June 1 until November 30 comes hurricane season and peaks until August to October. Hurricane hits the city during 1928, 1974, 1949, 1964, 1965, 1979, 1992, 1999, 2004 and 2005. Winds are usually comes from the east and southeast in the southern peninsula, winds blew coming in the north during winter and in the south during summer. Wind velocities reach 12.7km/hr at Jacksonville and 14. 8km/hr at Miami. Due to its long coastline, it makes Florida prone to hurricanes and tropical storms that have a wind speed of 240km/hr that comes from Atlantic or Gulf coast. September 9-10, 1960 and 1992 was considered the most destructive in the history of Florida. The damaged of the hurricane caused an estimate of $300 million damages. Hurricane Andrew during August 23 to 24 1992 brought massive destruction to the city and estimated of 10 billion worth of damages. Hurricanes are not just common in Florida there are others like tornadoes and water sprouts.

1928-San Felipe Okeechobee Hurricane- Is known to be the second deadliest hurricane that hit Palm Beach on the day of September 16, 1928. It caused a surge of 6 to 9 feet of water that covered the whole area. It caused of about 1,836 deaths in the area alone.

1935- Florida Keys Labor Day Hurricane- it was categorize as Category 5 when it hit the United States. It has the most intense hurricane to hit the United States with wind pressure of 26.35 inches. The hurricane caused a huge damaged that estimated at $6 million.  

Top Palm Bay Florida Restaurants

Palm Bay Florida is home to various cuisines due to its diverse culture. It is located in the Brevard County, Florida, United States. Within the Palm Bay- Melbourne-Titusville Metropolitan Statistical Area, the population in the area is 536,521.

A brief history

The history of Palm Bay started in 1850s after the first European settlers built their homes in Turkey Creek. Palm Bay was formerly known as Tillman. In 1894, goods were brought by train that made the transaction faster. Then in the 1920s, the city was renamed to Palm Bay. Melbourne-Tillman Drainage District was established due to a group of businessmen who issued million worth of bonds. The growth of the city was helped when General Development Corporation purchased a land in the area. GDC built many streets and old houses in 1959. This attracted new citizens and the population growth of 2,808.

The Top restaurants

Eating was one of the favorite activities of Florida citizens. There are many trendy restaurants, bars and café along downtown Florida. The known modern areas that have upscale dining and entertainment is the Viera and Palm Bay. Various cuisines that are included like Italian, Middle Eastern, Jamaican, Mexican, seafood, country, and barbecue, Thai, Japanese and Chinese. Diners can choose from expensive to reasonable dining experience depending on a budget. Here are some of the top restaurants in Palm Bay:

• The Island Pasta Company is one of the top restaurants for its superb food and great prices. It has a very upscale interior inside. The staffs are friendly to their customers. The restaurant offers raviolis, linguini, or sauced with Caribbean flavor, empanada and gourmet salads.
• The Country Skillet found in 2598 Palm Bay Road Northeast has excellent food. The restaurant itself has a casual atmosphere for customers who wish to eat here. Their bestseller in the menu is the sirloin. Customers are always coming back and recommend this in Country Skillet. The service is quite good because you do not have t wait much for waiters if you need their service.
• The Shack Seafood Restaurant in 4845Dixie Highway is regarded as one of the best restaurant in America. It has frequently visited by the locals itself.  Known for its great food and great service. They offer variety of seafood in the menu hence called seafood restaurant but do not fool you. They also offer steaks that are excellent. Their appetizers are big in servings so beware if you are eating for single person. Top sellers in their menu are Stuffed Pompano, Captain’s Platter, shrimp, lobster and scallops. The Shack has also good service and beautiful ambience. You can chose whether indoor or outdoor dining. You can see the Indian River and have a romantic dinner on the place.
• The Broken Barrel Tavern is found in 4700 Babcock Street is where beer and barbecue lovers will surely enjoy. They have one of the largest beer selections in the menu. They have hundreds of types of beer selection for your taste buds. They also offer pool tables and bars. The downside here in Broken Barrel is their terrible food service.
• El Bohio is also found in Babcock Street. It is a family owned restaurant that offers authentic Puerto Rican cuisine. They are known for their cheap and excellent food. The place is usually crowded during lunch but it is worth the wait. Recommended here are the yellow rice and empanadas. If you love Puerto Rican and Cuban foods then you will surely love this place.

These are just one of the top restaurants that can be found in Palm Bay, Florida. There are hundreds of restaurants that can be found here. Whatever is your taste you can find here whether upscale or simple ambience. Palm Bay has many reasonable and cheap restaurants that you can find. You would not just enjoy Palm Bay’s fun places but also the dining experience that you will surely want to come back for more. 

City of Palm Bay, Florida General Info

The city of Palm Bay in Florida, USA has been one of the most breathtaking places to be at. It has a wonderful history that molded what they have right now. Located at one of the most beautiful part of the Brevard County, the city’s population was estimated to have more than 100,000 people making the city be the most populous city in Brevard.

Its original name was Tillman and was later on changed to Palm Bay City because of the significant beauty that the long lines of palm tree along the Turkey Creek shores gives an exemplary sight. Being situated just almost 10 miles southwest from Melbourne Florida, Palm Bay got itself a name that was really promising for people come and go in the most wonderful land of Florida .

The most urban areas in Palm Bay would be located in the Northeast part of the city. At the Southwest part where the rural areas lie and contains an area called The Compound. In this area it is a home for Bombardier Recreational Products and also where a small portion of the Bayside Lakes lies. The city of Palm Bay is thinking of developing the Bayside Lakes downtown so that they could create a focus in the main city.

Some of the most common problem is their drainage system and this is because of the sudden transfer from the General Development Corporation to the city so that all of the responsibilities when it comes to dealing for the planning for the future growth and developments with regard to designing enough drainage.

In the year 2000, the population density in Palm Bay rose. Many people come in the area to have nice sights of the most wonderful place in it. In 2008, Palm Bay was ranked as the 25^th city which has the fastest growing large city in the United States. In 2010, Palm Bay had its most percentage of immigrants or foreigners born rising up to 14 percent compared to the other years which has only 8 percent.

The government of Palm Bay is being led by the Mayor and some City Councils that also acts as the legislative branch of the city. The member of the community will be the community’s decision maker thus having a council-manager form or government. The tax, city budget and other legislative tasks usually revolves around the Mayor and the Council.

Some of the major roads in Palm Bay would include Interstate 95, US1, Babcock Street, Malabar Road, Emerson Drive, Bayside Lakes Boulevard, and Bombardier Boulevard. These roads are responsible for the trading industry in the city.

There are so many historical places in Palm Bay that mirrors the great history that it had been through it building years. It somehow make the most out of the natural resources that it has because it is where they are getting most of their economic income. Tourism is one of their industries that give the city with a reasonable income annually. Palm Bay city is one of the richest city in the United States.

History of the city of Palm Bay, Florida

It is a city in Brevard County in the State of Florida, USA. Having a rich history, it is said that they have the most unique character that a city in Florida has. The Ais are the very first residents in the area. They are semi-nomadic tribe of the Timucuan Indians and they settled along the Indian River Lagoon and along the banks of Turkey Creeks.

Known to be very skillful when it comes to fishing and hunting, the Ais have survived living in the area of Palm Bay, Florida for a thousand of years. Yet upon the arrival of the Spaniards in the area, their population quickly died out due to the European diseases like chicken pox and measles from where they were never exposed of. Others were made as slaves by the conquerors thus making them ill and eventually died.

In the year 1845, Florida was annexed by the United States and has become the 27^th State in the Union. Then, the first white settlers came in the area of the Brevard County around the same year. The United States census have recorded an estimated number of population in the Brevard County in the year 1850 and gradually increases in the following years because Indians left and a wide area of citrus groves were made. Tillman is where a few of the early settlers have found homage after the civilization in the area became popular. There, they have established the Tillman’s Post Office in the year 1887 for means of communication and trading with other States.

A railroad have been developed in the year 1894 and had further given a breakthrough of developments in the Town of Tillman. Visitors that came aboard for the rail have found refuge from a sleepy river village that offered them with a Post Office, hotel and a few stores from where they could get their daily supplies. From there on, many Germans and Slavic settlers were found in the area of Tillman. They were the one who built St. Joseph’s Catholic Church on Miller Street and is now located at the heart of Palm Bay today. The original Miller Street church is still standing and is considered to be one of the oldest infrastructures in Palm Bay that mirrors a part of the history of Palm Bay Florida.

The name Tillman did not mirror the beauty that their area has been imaged with so the residents considered changing their town’s name to Palm Bay due to the variety of palm trees that are lined along the bay at the mouth of the Turkey Creek. After some time, a government has been established making a big population of community be led by one leader.

The history of Palm Bay is one of the most colorful histories that has been witnessed and written in Florida. It gave an eye-opener to a wonderful place populated by people who have unity and making God as their center. They have preserved most of their natural resources amidst the great developments that took place in the town.