July 2019 Market StatisticsNewly 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 July. Read on to learn more about the real estate market in South Palm Beach County:

Economic Indicators

In July, the U.S. economic expansion that began in June 2009 became the longest in the nation's history, marking 121 straight months of gross domestic product growth and surpassing the 120-month expansion from 1991 to 2001. The average rate of growth during this expansion has been a milder 2.3 percent per year compared to 3.6 percent during the 1990s. Many economists are predicting a mild recession as some indicators (inverted bond yield, etc) are pointing in that direction.

During the…

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Magnificent Deep Water Estate Home in East Boca Raton

591 Phillips Drive: $4,500,000

 

This Mediterranean, waterfront home, is for the discerning buyer who values authentic over faux. Situated in the desirable East Boca area of Golden Harbour, right near downtown Boca and Mizner Park, dock your boat right behind your home and enjoy easy access to the Intracoastal and ocean. This architecturally classic style has been built in tropical climates for centuries. Every detail that is true to this form is in this unique home - terra-cotta roof tiles, coffered and beamed ceilings, wrought iron gate leading to substantial distressed solid wood front doors, balconies off bedrooms, burnished Spanish terra-cotta floors complemented by Brazilian walnut, high…

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Fabulous Pool Home in Estancia West

5 Bedroom, 3 Bathroom

7133 Estancia Lane: $895,000

 

 

This fabulous home is perfect for entertaining and for your own private paradise. Enjoy gatherings in the formal living and dining areas and the generously-sized family room graced by a fireplace, wet bar and large french doors that lead out to the sparkling pool area.

The Chef’s kitchen boasts a Thermador built-in Refrigerator and 7-burner cooktop, 2 Bosch dishwashers, 2 sinks, 2 convection ovens, and extensive granite counter space. 

A huge very private master suite with an updated bathroom opens up through french doors to the backyard paradise: an outdoor kitchen, covered patio and electric and solar heated pool with waterfall.

4…

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