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

Economic Indicators and COVID

As COVID-19’s impact spread across the country in March, the stock market declines which started in February accelerated downward before recovering a bit in the last week of the month. With volatility across all the financial markets, lenders began tightening underwriting standards and some buyers found they no longer were approved for a loan. Massive layoffs also shook the economy with 6.6 million initial jobless claims filed in a single week—double the number last week and…

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Trying to eat healthy while quarantining? Want a delicious box of fresh farm to table produce from the best growers around for $10? Our local farmers have had to adjust during the peak of Florida’s growing season. Typically only selling wholesale to the food service/hospitality industry, many growers are offering fresh picked boxes for the public. Some of our favorites are:

Mobile Green Markets 

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Good morning, veggie lovers! We are open from 9am to 5pm today. Pop your trunks for some delicious farm fresh veggies and sweet corn. We are offering our $10 veggie boxes as well as 10 ears of sweet corn for $5! YUM. Cash only, please!

A post shared by Mobile Green Markets (@mobilegreen_markets)…

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East Boca Raton is booming. It is at once an international destination served by three airports including the private executive Boca Raton Airport, home to the world-class Boca Raton Resort and Club and the upcoming Mandarin Oriental Hotel.  It is also a pleasant drive to Delray Beach’s Atlantic Ave, Palm Beach’s Worth Ave. and Fort Lauderdale’s Los Olas Blvd.

The Mizner Park neighborhood in East Boca Raton aka the Golden Triangle is one of the most sought after and hottest places to buy or build a home.

In the heart of this coveted neighborhood, is 2nd street, one of the finest residential streets, a few minutes walk to the pedestrian walkways, interactive water features, and dockage of Silver and Wildflower Park on the Intracoastal, plus the…

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It’s not business as usual

Throughout Florida, the US, and the world for that matter, the coronavirus pandemic has upended everything for everyone. Real estate is considered an essential service in Florida, as people need housing during this critical time, and Realtors are permitted to practice our profession while following CDC distancing guidelines. That does not mean that it’s business as usual. In our office as well as our local market, business has slowed dramatically. The office is closed, we are all working from home, and we are not meeting in person with our clients. We are encountering difficulties in keeping many of our pending transactions together as many Condo buildings and Homeowners associations are refusing to allow appraisers or…

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On April 1, 2020 Florida Governor Ron DeSantis issued  Executive Order Number 20-91, deeming both residential and commercial real estate essential in Florida. We continue to practice real estate in accordance with CDC guidelines for social distances. With the technology able today we are able to provide essential services through virtual practices. Our office continues to have showings and to list properties, albeit virtually. 

Here is the latest Boca Raton real estate market activity for the week of March 30 - April 5, 2020:

Weekly Activity over $1,000,000

These numbers represent residential listings in Boca Raton, Delray Beach, and Highland Beach with a list price of $1,000,000 or more. Closings are still happening, but those mostly reflect…

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