Boca Raton Real Estate News & Events 
Boca Raton Real Estate News & Events
There are currently 15 blog entries related to this category.
Palm Beach County Property Tax 2010 notices mailed this week~ Important Info about appealing your taxes!
Wednesday, August 25th, 2010 at 7:13am. 65 Views, 0 Comments.
Beginning Monday, August
23, 2010, the Palm Beach County Property Appraiser’s office mailed the
proposed property taxes for 2010. In the notice, there is a breakdown
of millage rates , the property’s assessed and taxable values (as of
January 1, 2010), and any exemptions applied. Read your notice
closely.
Although unfortunately millage rates have gone up in most areas, the
values have declined. (example: I am an owner of Boca Raton Real Estate. My market value
declined 10%, however my tax bill increased because the local taxing
authorities increased their millage rate.) If you disagree with the
value, or an exemption has not been applied, you have between now and
September 16, 2010 to file a petition. With property values plummeting…
Boca Raton Area Homes – Shopping
Thursday, April 15th, 2010 at 2:01pm. 132 Views, 0 Comments.
Boca Raton Area Homes –
Shopping
For those living in Boca Raton
area homes, if shopping ‘til you drop is one of your favorite past times,
you are in luck. This is an area of Florida
that is paradise for those who live to shop. From the malls to boutiques, there
is practically nothing that you cannot find in Boca Raton.
Going to the mall is a short distance for residents of Boca Raton area homes. Mizner Park
has more than 40 shops that include nationally known retailers, specialty shops,
restaurants and a cinema. In addition, the mall houses the Boca Raton Museum of
Art and an amphitheater.
Mizner Park
is not the typical mall - it is an open-air type that has a reputation of being
one of Boca Raton’s
more upscale shopping establishments.…
The Boca Raton Real Estate Market continues to be a strong Buyer's Market
Tuesday, March 23rd, 2010 at 1:04pm. 161 Views, 0 Comments.
I have been spending some time examining the Boca Raton real estate market and the underlying statistics of what is happening in our area. I think it's important to discuss the market in terms of price bands, as we have a wide range of inventory and price ranges in our local market. As an example, I have analyzed the current situation for single family homes in Boca Raton, in various price ranges. Check out this chart below:

What is most interesting to me is that the number of months of inventory for homes priced between $750,000 and $999,999 is a whopping 92 months! Only two homes in this price range sold in February 2010 out of 193 listings! Not that it's so great for homes over a million, but they are actually faring better, with 45 months supply.…
What to anticipate in 2010? Where is the Boca Raton real estate market headed? Part One
Thursday, February 25th, 2010 at 7:24pm. 170 Views, 0 Comments.
I am participating this week in the National Real Estate Cyber Convention and just attended a keynote presentation by Lawrence Yun, the chief economist of the 1.2 Million member National Association of Realtors and widely considered one of the top ten economic forecasters in the country. Here are some of the highlights of Mr. Yun's very interesting talk about what to anticipate in 2010. This is part one of my recap of his lecture. The second part will be covered in a separate blog post:
- Predictions are for 15% higher unit sales in 2010 which will cause inventory levels to stabilize.
- 2 Million first time buyers are expected to take the 1st time buyer credit to date
- An additional 2.4 Million (both 1st time and move up buyers) will take the credit by June 30…
Buy your Boca Raton Real Estate now as interest rates dip below 5%
Friday, February 12th, 2010 at 11:41am. 95 Views, 0 Comments.
According to a survey released by Freddie Mac, interest rates on 30 year fixed rate mortgages averaged 4.97% for the week ending February 11, marking the third week this year that rates have fallen below 5%. A year ago rates were slightly higher, at 5.16%
15 year fixed rate mortgages averaged 4.34% this week as compared to 4.81% a year ago.
These low rates combined with increased affordability (i.e. LOW PRICES) hopefully will encourage continued activity in our local markets. Here in the Boca Raton/ Delray Beach/ Boynton Beach area we are closing significantly more deals than this time last year. This is really a great time to buy real estate in the Boca Raton area.
You can search the entire MLS here.
2009 Boca Raton Area Luxury Real Estate Market Wrap-Up
Thursday, January 21st, 2010 at 3:04pm. 218 Views, 2 Comments.
The news continues to be bleak for the luxury real estate market in Boca Raton, Delray Beach, and Highland Beach at the end of 2009 and beginning of 2010.
Last fall I wrote a blog post about the Boca Raton Luxury Market for the six months ending September 30, 2009. THis is a followup to that previous post.
I have examined the current state of the market for properties in excess of $1,000,000 for the last half of 2009.
Here are the number of sold properties in relation to current listings for each price band for the last six months:

Here is an illustration of the current month's supply in each of the price bands:

It is very clear from these illustrations that the luxury market continues to be hammered. While the number of current listings in excess of…
New listing in Colonnade in Central Boca! Relocating owner has priced this house to sell!
Thursday, January 14th, 2010 at 4:57pm. 186 Views, 0 Comments.
New listing alert! Great 4 bedroom house in the sought after community of Colonnade. Just listed!!!
MOTIVATED SELLER HAS PRICED THIS HOUSE RIGHT! FANTASTIC COLONNADE LOCATION JUST STEPS FROM BOCA TIERRA PARK. ENJOY YOUR NEWER CHEF'S KITCHEN WITH WOOD CABINETS, GRANITE COUNTERS,PULLOUTS AND GREAT APPLIANCES! ADDITIONALLY, THERE IS AN ENORMOUS DINING/ LIVING ROOM WITH VAULTED CEILING OPENING TO THE LARGE COVERED PATIO AND POOL AREA, AS WELL AS A DEN/FAMILY ROOM WHICH IS OPEN TO THE KITCHEN. THE STACK BEDROOMS INCLUDE A SPACIOUS MASTER RETREAT AS WELL AS THREE MORE NICE-SIZED BEDROOMS AND A LARGE BATH. HOME HAS TWO AND A HALF BATHS TOTAL, FOUR BEDROOMS, PLUS A POOL AND IS PRICED TO SELL WITHOUT THE HASSLE OF A SHORT SALE! BEST DEAL IN COLONNADE! A-RATED BOCA…
Montoya Circle Boca Raton 2009 Real Estate Market Wrap-up
Sunday, January 10th, 2010 at 1:47pm. 282 Views, 0 Comments.
There were a total of 24 home sales that closed in Montoya Circle Boca Raton in 2009. That's a decline of about 20% from those closed in 2008. Montoya Circle, like the rest of the Boca Raton and Palm Beach County area, felt the impact of the recession and prices have declined sharply from the peak of Summer of 2006 and have even declined sharply over the 2008 average prices. Several of the sales have been short sales and foreclosures, and the general Boca Raton market conditions prevail in Montoya Circle. The community is characterized by its proximity to the popular Boca Raton Synagogue and continues to attract residents that require a location which is walking distance to the synagogue. However as in the past many people moved to the area from the New…
Boca Raton Holiday Events 2009
Friday, December 4th, 2009 at 1:56pm. 180 Views, 0 Comments.
Boca Raton Holiday Events
Don't miss out on the many fun, free events that will be going on in Boca Raton, FL and Palm Beach county FL!
The 2009 Palm Beach Holiday Boat Parade is set to take place on Dec. 5th, 2009. If you are visiting Palm Beach during the holiday season, you want to make sure that you get out and see this beautiful procession of decorated watercraft. This season's themes include creative animation, festive music, glistening lights, and familiar characters. The boat parade will last for 15 miles along the Intracoastal waterway. The parade will begin at Peanut Island and will go all the way to Jupiter Lighthouse. This is a must see event for young and old alike! During the precession of boats, the skies will be lit up by the Palm Beach…
Appraisals in today's crazy real estate market!
Wednesday, August 19th, 2009 at 2:13pm. 288 Views, 5 Comments.
Your House As Seen By:
Yourself:
Your Buyer:

Your Lender:

The Appraiser:

and last but not least, the Palm Beach County Property Tax Assessor:

This was sent to me by my friend and colleague John List, who I work with at Lang Realty. I thought it was really funny and apropo. Appraisals in particular are a big issue in our market. In the coming weeks I will be writing about some situations with appraisals that are true stories and are keeping sellers trapped in their homes and unable to sell due to ridiculous valuations by appraisers who don't know the area or the values. Stay tuned!
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