1. Let’s take a look at the weather. If you think the hurricanes we experienced are going to have long-term effects on the Florida real estate market, consider this tidbit from Fortune Magazine.  It recently reported, “Economists and geographers who have studied how natural disasters affect real estate values have generally found there to be no lasting impact.

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Let’s take a look at some of the opportunities and positive indicators for the future of Florida’s real estate market. This list was provided by the Florida Association of Realtors. It shows many reasons why now is a great time to buy property in Florida. I will highlight five of these in each blog post:

  1. Long-term economic and demographic trends continue to favor Florida. By 2010 it has been forecast that Florida will be the third most populated state in the country. Florida’s population is expected to increase about 75 percent by 2030. Florida demonstrates a long history of strong growth. It has been one of the 10 fastest-growing states in the U.S. for each of the past seven decades, and often it has been in the top four, according to census…

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Great value, absolutely perfect condition. Open, bright second floor carriage home in Eastbrooke/ Boca Country Club. True 3 bedroom, 2 full bath, 2003 Total square feet, 1657 Under Air sq Ft. Soaring cathedral ceilings, eat-in kitchen, screened porch, garden view. New pergo wood floors, new washer and dryer, accordian hurricane shutters, service contract, more!

Long driveway leads to spacious one car garage. New roof to be installed summer 2008.

Boca Country Club is a guard gated community in East Boca close to shopping, beaches, highways. Country Club membership is available but not mandatory.

One of Boca's best kept secrets!!!


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Do you know your Mullions from your Muntins? Your Girders from your Beams? Your window from your sash?
I'm embarrassed to say that even though I have been a top producing Boca Raton FL Realtor for over ten years, I wasn't even sure about some of these.
Please see the attached article by Arrol Gellner answering some of these questions. I thought it was really interesting! And please post a comment if you have some others to add!
Have a great Memorial Day weekend!

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YES.... according to an article on the opinion pages of the Wall Street Journal on May 6, 2008.

The reality is that the market usually shakes out and stabilizes. I am not an economist, but it is clear to me that the reduction in values has some positives. One of the major problems with the Boca Raton real estate market in the past few years is that many people could not afford to buy a home. Local governments worked to create "workforce housing" plans which would enable policemen, teachers, etc to afford homes. This is no longer the case, and with the market declines it is now possible for salaried workers to afford to buy homes in the Boca Raton and Palm Beach County area.

According to the article, the market will improve because "normal people…

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For the past couple of months, I have felt an increase in activity. I am very optimistic that the real estate market is picking up. My own personal production has increased as well as that of my company. Well now I have the statistics to back up my claims!The number of closed sales of Boca Raton real estate increased almost 40% from March to April. April had 290 closed transactions, with an average time on market of approximately six months and a sale price/list price ratio of almost 89%. Although prices are remaining relatively constant, the number of transactions is increasing and I feel that this reflects the readiness of sellers to accept the current market reality and to price their properties properly. In any case, amidst all of the depressing…

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I am pleased to announce that I have been accepted as the Realtor member for the Boca Raton chapter of BNI (Business Network International).
BNI is a business networking organization the purpose of which is to network and to pass referrals amongst the professionals. The Boca Raton chapter has over 35 members, all in different professions. Only one member per profession is admitted, and I am very excited and honored to have the opportunity to represent my profession and the interests of my buyers and sellers of real estate to this group. This will benefit my business as I will have the opportunity weekly to reach out to members of other professions to network and share ideas for expanding our businesses.
The Boca Raton chapter is looking for a few more…

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I had the pleasure of visiting Azura in Boca Raton today with my company, Lang Realty, and viewing the phenomenal homes being built by one of Boca's premier builders, Gordon Homes. Located on the former grounds of the Polo Fields, on Jog Rd., lies a 92 unit gated luxury enclave. In the midst of Boca's finest country club communities is an option for people who want the luxury and amenities of a club atmosphere without the obligation to equity and dues that country clubs require.

CLICK HERE FOR THE AZURA SITE MAP

There are several quick delivery homes available starting at $1,345,000 for a San Remo model with four bedrooms, 3 and 1/2 baths, library, three car garage, heated pool, spacious family room and covered loggia. Prices go up to just over $4…

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The Boca Raton real estate market is still characterized by large numbers of inventory and relatively few transactions. In all of March 2008, there were 209 closed sales of real estate with a Boca Raton address. All told, at the end of the month there were 5691 units listed for sale, so this reflects a 27 month supply of homes for sale if they sell at the current rate. I will post these statistics monthly so that we can track the trends and try to predict where home prices are heading.
For more information, please call me at 561.866.7584!

CLICK HERE for the market summary!

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Yes, I know, the home values in Boca Raton and Palm Beach County are still declining. But there is still a strong reason to buy now. Interest rates are lower than ever.

Click here for current rates.

An interesting article by Dan Kadlec in Time Magazine of February 25, 2008 is "must" reading for anyone trying to time the market.  Basically, he explains how a drop in housing prices with a concurrent increase in interest rates will have zero effect on a persons monthly payment. Please see the link below for the article.
So, for everyone who is trying to time the market perfectly, this should be food for thought. My feeling is that we don't know how low this market will go, but I do know that the only way to know that you are at the bottom of the market…

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