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

Economic Indicators 

In 2019 home prices were up again in most markets. Buyer demand continues to be strong but with tepid seller activity still in many locations, total sales are lower than they would normally be in a more balanced market. While up from their recent lows a few months ago, mortgage rates end the year close to three-quarters of a percent lower than a year ago, helping to improve affordability and offset rising home prices.

Local Market Overview

New Listings decreased 16.0…

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Live luxuriously in downtown Boca Raton, directly across from shopping and dining at Royal Palm Place and walking distance to Mizner Park and the beach. Townsend Place offers exceptional concierge service, 24 hr security, and valet parking. 5-star amenities include fitness rooms, a resort-style swimming pool, and sundeck, sauna and spa.

 

Facing northeast, this spacious condo offers a substantial master bedroom suite, lots of walk-in closet space, ensuite bathrooms, floor to ceiling impact windows and a fabulously large balcony from which to view the city lights, the beautiful Boca Resort Golf Course and the ocean in the distance. Hands down, the best deal in downtown Boca, this condo is priced to sell!

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