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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16300 Via Venetia N, Delray Beach

 

My listing in Mizner's Preserve just sold for $631,000!

After being on the market for under 3 months, we closed the deal in just 14 days. The first-time homebuyers are thrilled to be moving into this spacious home in a highly desirable community.  The home has a fantastic floor plan, with 4 bedrooms, and 4.5 baths, high ceilings, and a spacious yard with a pool.

Mizners Preserve is a beautifully maintained, highly desirable community, with easy access to A-rated schools, the hospital, I -95, the Florida Turnpike, and a house of worship. The amenities include a 24/7 manned security gate, and a state of the art clubhouse that features 3 tennis courts, a pool with spa/hot tub, a gym, a playground for…

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