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Boca Raton Real Estate News & Events

There are currently 12 blog entries related to this category.

1 2 >>

What to anticipate in 2010? Where is the Boca Raton real estate market headed? Part One

Thursday, February 25th, 2010 at 7:24pm. 104 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. 27 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. 130 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:

sold_to_current_2h2009_700

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

months_supply_2h2009_700

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. 118 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. 215 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. 118 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. 228 Views, 5 Comments.

Your House As Seen By:

Yourself:

Your Buyer:

your_buyer_400

Your Lender:

your_lender_400

The Appraiser:

your_appraiser_400

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

your_tax_assessor_400

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!

Boca Raton First Time Homebuyer's Tax Credit Facts

Tuesday, August 18th, 2009 at 10:41am. 147 Views, 0 Comments.

As a followup to my earlier blog post about the first time buyer credit here are some quick facts:

The tax credit is equal to 10 percent of the home's puchase price, up to $8,000.
Buyers can claim the credit on either their (amended) 2008 Federal tax return or on their 2009 Tax Return. More info can be found at www.irs.gov
The home sale MUST close by November 30, 2009
The full credit is available to buyers with modified adjusted gross incomes (AGI) of $75,000 for single taxpayers and $150,000 for married taxpayers. Smaller partial credits are available for incomes up to $95,000 single and $170,000 married.
It is possible to use cash from the credit towards the downpayment of the home purchase this year. For more information, go to www.fha.gov
If the new home is…

Time is Running Out! Act Now to Receive your $8000 Tax Credit to Buy your Boca Raton home!

Tuesday, August 18th, 2009 at 7:18am. 187 Views, 2 Comments.

Only a few months left to take advantage of the first time HomeBuyer's Tax Credit! Don't miss out!

Many people have taken advantage of the one-time opportunity to receive the $8,000 tax credit offered by Congress since passing the American Recovery and Reinvestment Act. The tax credit, coupled with today's low low interest rates and increased housing affordability, is a huge plus in helping Boca Raton real estate buyers realize their dream of homeownership.

You must close on your Boca Raton real estate purchase by December 1, 2009 in order to qualify!

First time homebuyers in addition to those who have not owned a home for the past three years, may be eligible to receive all or even part of the credit depending upon their income level. You can even file an…

Certified Residential Specialist designation awarded to your Boca Raton real estate expert

Friday, August 7th, 2009 at 9:26pm. 171 Views, 3 Comments.

Certified Residential Specialist designation awarded to your Boca Raton real estate expert.

I am proud to announce that through the Council of Residential Specialists, the largest not-for-profit affiliate of the National Association of Realtors, I have been awarded the designation of Certified Residential Specialist (CRS).

This has been achieved by completing advanced courses and demonstrating expertise in the residential field of Boca Raton real estate (and surrounding areas). Less than 38,000 realtors throughout the US have earned the CRS credential.

Both Boca Raton real estate buyers and sellers can be assured that CRS Designees subscribe to the strict Realtor code of ethics, have access to the latest technology and are specialists in helping clients…