Palm Beach County’s housing market reported rising median prices along with reduced listing inventory in May 2018 as compared to May 2017, according to the latest housing data released by Florida Realtors®. 

Notable facts from the latest statistics include:

The Market for Single Family Homes and Condos/Townhomes is Different
The median price of closed sales in Palm Beach County for single-family homes continues to rise, with a 5.7% increase from the same period last year. The median price now stands at $354,000 for single-family homes. The median price has increased every month this year for single-family homes. 

The median price for condos and townhomes did go down somewhat this month as compared to the previous year, as well as month to…

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This 4 bedroom, 4.2 bath contemporary style home, that I found for my delightful buyers, sits on just under half an acre of land that precedes the dramatic lake view. 

With over 4,400 total square feet of living space that encompasses top-of-the-line amenities and elegant furnishings, this home sold for a $2,100,000! 

The magnificent estate has been completely renovated to embrace a more modern, yet inviting look. The hurricane-resistant, floor to ceiling windows beautifully accentuate the open floor plan to allow natural, bright light to engulf the entire home. Glamorous new additions such as Italian porcelain and wood floors, impressive custom kitchen cabinetry, opulent Thermador appliances, and a 24 inch wine cooler have been supplemented…

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Selling a home is a difficult and emotional process and obviously you want to get the highest price possible. There are many factors that affect the price that you will ultimately get for your house. Some of these include: recent past sales in your neighborhood (what appraisers look at), what is currently on the market (your competition), interest rates, and general market conditions. Additionally, you must keep your house in mint “show ready” condition, and make it easy to be shown. Lastly, your Realtor® needs to be an expert negotiator adept in marketing your home for maximum exposure. 

 

Price Reduction.

Setting an initial asking price is more art than science. Often, our sellers will want to price the property higher than what we recommend, so they will have…

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golden triangle

The Golden Triangle represents the neighborhood adjacent to Mizner Park in downtown Boca Raton. Encompassing the subdivisions of Boca Villas, Kings Court, and Whisem, the Golden Triangle neighborhood has become one of the hottest and most desirable communities to live in.

The neighborhood was characterized by small homes built primarily in the 1950’s. Beginning in the early 2000’s, many of the original homes have been demolished to make way for larger, more modern homes. Most of the original homes are now being sold for lot value, as both end users and developers have discovered the potential of living in one of Boca’s best locations.

Located north of Palmetto Park Rd, East of Mizner Park, and West of the Intracoastal, residents enjoy the…

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I had the pleasure of working with a lovely family to purchase this beautiful five bedroom, 4.1 bath home situated on 2.5 acres for $1,560,000. 

The home was fully renovated from top-to-bottom which brought to life the stunning lakefront home in this exclusive community of Tierra Del Rey. 

The spacious, open layout of this house combines the distinctive living/dining areas with the elegant high-end kitchen. The fresh, modern design of the house features beautiful porcelain tile floors with a washed-finished wood-look and high-style light fixtures. 

The homebuyers fell in love with this peaceful and tranquil neighborhood and its sprawling estates. If you are looking to sell your home or find your dream home in Delray Beach or the…

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According to the latest housing data released by Florida Realtors®, Palm Beach County’s housing market reported sharply rising median prices and more closed sales, along with slightly reduced listing inventory in April 2018 as compared to April 2017, according to the latest housing data released by Florida Realtors®.  

Here’s what buyers and sellers of Boca Raton real estate need to know.

Median Price Continues to Climb

The median price of closed sales in Palm Beach County continues to climb, with a 5.8% increase from the same period last year for single-family homes, and 9.7% for townhouses and condos. Pushing up the median price (half sold for more/ half sold for less) is the fact that more expensive homes are selling. In fact, the average…

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Real estate market prices are always dictated by supply and demand. In a seller’s market, there are more buyers than sellers, thus inventory levels decrease. When this happens, the supply is reduced and prices inevitably rise. In many segments of our local real estate market, we are seeing quick sales and often multiple offers. So what can you do to help your offer stand out so you can get your dream home? 

Don’t Lowball ~ Know the Market
As they say, “You only have one chance to make a first impression”. You need to understand the market, that is knowing what is currently on the market as well as what other comparable homes have recently sold for.  In a seller’s market with the potential of multiple offers, your lowball offer will be immediately…

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Boca Bidges

The long-awaited next “Bridges” by GL Homes development has opened. Following on the success of The Bridges and Seven Bridges, GL is opening sales for its newest luxury community. Located just south of Seven Bridges, on the West side of Lyons Rd and just north of Clint Moore. Boasting a Boca Raton address, there will be over 500 single family homes ranging from the $800,000s to $3,000,000. Boca Bridges will appeal to the buyer looking for a luxury lifestyle with all of the amenities but without the expense and buy-in of a country club community. 

The Lifestyle

One of the highlights of the community is the luxurious and extensive lifestyle complex, featuring a 27,000 square foot clubhouse and more than seven acres of recreational space. The…

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 According to the latest housing data released by Florida Realtors®, Palm Beach County’s housing market reported rising median prices and more closed sales. Additionally, the listing inventory experienced a slight reduction in March 2018 as compared to March 2017. 

Here’s what buyers and sellers of Boca Raton real estate need to know.

March Stats

Median Price Continues to Climb

The median price of closed sales continues to climb, with a 7.1% increase from the same period last year for single-family homes, and 9.3% for townhouses and condos. The median price also climbed month over month. The median sale price in March 2018 was $348,000 vs. $345,000 in February 2018 for single-family homes, and $177,000 vs. $170,000 for townhouses and condos. 

…

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This month marks the 50th anniversary of the Fair Housing Act of 1968. President Lyndon B Johnson signed the legislation into law on April 11, 1968 — on the heels of the tragic assassination of Martin Luther King Jr. This landmark legislation prohibits discrimination based on race, color, national origin, religion, sex, familial status or disability. Not included is equal opportunity in private housing on the basis of sexual orientation and gender identity, although about half the states have enacted legislation banning this discrimination (unfortunately not Florida). 

The Fair Housing Act was designed in part to end the racially discriminatory practices which resulted in segregated neighborhoods. The discrimination was perpetrated by both…

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