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

Economic Indicators

In October, mortgage rates increased slightly from the three-year lows seen in September. While the Federal Reserve reduced the federal-funds target rate by .25%, this decline was widely expected and largely factored into mortgage rates already, which are still approximately 1% lower than this time last year. Fannie Mae is predicting that continued low rates, and possibly lower rates are expected in 2020.

Local Market Overview

As in previous months, the year over year…

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SOLD!!! 5BR/4.2BA Gorgeous Mediterranean Style Home in The Oaks at Boca Raton: 

17794 Lake Azure Way, Boca Raton, Florida, 33496

Sold Price:  $775,000

 

I had the distinct pleasure of working with these buyers and searching for their new home!  This family knew they wanted at 5 BR home in Boca Raton, but they were not familiar with the various communities and amenities. We zeroed in on the The Oaks because of the country club like amenities, beautiful home sites and elegance of the community. We found a home that met all their needs and they are beyond excited for moving day!

The home is part of The Oaks of Boca Raton: an amenity rich, luxury lifestyle community featuring tennis, fitness, spa, dining, and social events.  If you are…

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