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All Blog Entries by Gloria Singer

Found 419 blog entries published by Gloria Singer.

January 2019 Market Statistics Infographic

Newly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for January. Read on to learn more about the real estate market in South Palm Beach County:

Home Sales begin to slow

The pace of home sales began to slow in the last quarter of 2018, despite a strong economy, high employment, and steady wage growth. Although prices have continued to rise, the rate of the increase is slowing.  Blame for the slowdown was given to a combination of both high prices and steady interest rate hikes by the Federal Reserve. This month, the Fed responded by not increasing rates further for the time being.

Affordability continues to be an issue

Although home

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December 2018 Market Statistics

Newly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for December. Read on to learn more about the South Palm Beach County Real Estate market:

Prepare for a Changing Market

We closed out the year with an overall year over year increase of 4.1% in the Median Sales Price and 7.4% of the Average Sales Price for all property types in South Palm Beach County. Although it is a slight increase, it is a smaller change than in recent years. So although home prices have not yet fallen, there was a decline in the rate of appreciation.  The price increases are a result of high demand for fewer homes for sale, however, there is evidence that inventory

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22261 Alyssum FB

Welcome Home to this impeccable, custom-built home in the Thornhill Green neighborhood of Montoya Circle.

No need to look further! The attention to detail in this home is unmatched, with a quality and level of finish that cannot be replaced for this price. Every aspect of this residence is ideal for elegant entertainment and refined luxury. Complete with five en-suite bedrooms (with the possibility of two more bedrooms), a Chef's Kosher kitchen, home theater, and pool/spa. Best Montoya Circle location, conveniently located within a 5 minute walk (through a park) to worship, close to transportation and shopping. Move right in and enjoy Florida living! 

Listed by Gloria Singer for Boca Expert Realty. Please contact Gloria for current pricing +

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Newly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for September. Read on to learn more about the Boca Raton Real Estate market:

Numbers are skewed because of Hurricane Irma

The reports show a huge increase in the number of closed sales in Boca Raton in September 2018 as compared to September 2017, but of course, the numbers are very skewed. Hurricane Irma knocked out a huge number of real estate closings in September 2017, causing many to be canceled or delayed. I expect that the next several months will also show some distorted numbers as a result of last years “weather interruption”.

Additionally, the number of pending sales is

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Election day 2018Election day is Tuesday, November 6, 2018, and Boca Raton real estate owners face some decisions. There are 12 proposed amendments on the ballot in Florida, two of which affect homeownership and property taxes. Following is a summary of these proposals:

Amendment 1: Increased Homestead Property Tax Exemption

This proposal grants an additional $25,000 Homestead Exemption for properties valued over $125,000. There are also some increases for properties between $100,000 and $125,000. This would apply to all levies other than school districts and would take effect January 1, 2019.

If this amendment, commonly referred to as the “Third Homestead”  is approved by voters, it will be worth an additional $200-300 (approximately) tax savings for those

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Are we in a bubble? Over the summer it seemed everyone was speculating upon whether or not we are in the midst of a housing price bubble. It is too early to predict a market shift in residential real estate, but there are some common indicators that contributed to the previous market crash rearing their heads again. 

Affordability Concerns

Wage increases have not kept the same pace as home prices, leading to affordability concerns - particularly with lower-priced homes. Additionally, predicted interest rate hikes will continue to affect borrowers’ buying power. 

Supply Concerns

On the other hand, demand continues to outpace the supply of available homes in many markets. This trend leads to increased prices overall. Median Sales Price of

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June’s performance for the Palm Beach County real estate market for existing homes largely reflected the prevailing trends that we had seen for 2018 thus far, as revealed in the latest market statistics from Florida Realtors.

Closed Sales

Overall, 50 fewer single-family homes sold in Palm Beach County in June 2018 as compared to June 2017, a 2.7% decline. Meanwhile, 60 more condos and townhouses sold this past June, an increase of 4.9% compared to the same period the previous year. The number of closed sales year to date (January-June 2018) did not change from the previous year for single-family homes and rose 4.3% for condos/townhomes. 

Inventory

The absence of sales growth (especially in single-family homes) of the past couple of years is due

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 If you are thinking of buying or selling a property in the Boca Raton area, you probably have some preconceived ideas about the process. Here are a few of the common misconceptions that we agents encounter:

  1. You should list your house a little bit higher than the market to leave room for negotiating. Anyhow, if it is priced too high you can always lower it.
    Listing your home at too high a price might actually result in you getting less than if you had priced it properly from the start. With virtually all buyers doing research online, they are very well-informed about the state of the market and what prices should be. Buyers and their agents will not look at a property that they perceive as overpriced. The more buyers that see your house, the
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Florida is one of only seven states that does not have an income tax, the others being Alaska, Nevada, South Dakota, Texas, Washington, and Wyoming. Florida has been a popular retirement destination for years because of its great location and climate, but as more people are able to work remotely, the no-tax incentive is attracting non-retirees as well.

Now there is even more of an impetus for people to relocate to Florida with last year’s Tax Cuts and Jobs Act, which limits the deductibility of state and local taxes (SALT) starting in 2018. Some of the states with the highest income taxes are California, New York, and New Jersey. With rates ranging from close to 9% up to over 13%, the inability to deduct these taxes strikes a huge financial blow to

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Palm Beach County’s housing market reported rising median prices along with reduced listing inventory in May 2018 as compared to May 2017, according to the latest housing data released by Florida Realtors®. 

Notable facts from the latest statistics include:

The Market for Single Family Homes and Condos/Townhomes is Different
The median price of closed sales in Palm Beach County for single-family homes continues to rise, with a 5.7% increase from the same period last year. The median price now stands at $354,000 for single-family homes. The median price has increased every month this year for single-family homes. 

The median price for condos and townhomes did go down somewhat this month as compared to the previous year, as well as month to

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