Boca Raton Real Estate

There were a total of 24 home sales that closed in Montoya Circle Boca Raton in 2009. That's a decline of about 20% from those closed in 2008. Montoya Circle, like the rest of the Boca Raton and Palm Beach County area, felt the impact of the recession and prices have declined sharply from the peak of Summer of 2006 and have even declined sharply over the 2008 average prices. Several of the sales have been short sales and foreclosures, and the general Boca Raton market conditions prevail in Montoya Circle. The community is characterized by its proximity to the popular Boca Raton Synagogue and continues to attract residents that require a location which is walking distance to the synagogue. However as in the past many people moved to the area from the New…

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Boca Country Club
17052 Boca Club Blvd, Unit # 5, Boca Raton, FL 33487
Picture of House FABULOUS VIEW OF THE BOCA COUNTRY CLUB GOLF COURSE AND LAKE.ENJOY THIS SPACIOUS 3 BEDROOM TOWNHOUSE IN THE GREENS WITH SOARING CEILINGS,A ONE CAR GARAGE, EAT-IN KITCHEN,FIRST FLOOR MASTER SUITE,SCREENED PATIO WITH BREATHTAKING VIEW AND SO MUCH MORE. THIS TOWNHOUSE IS A GREAT VALUE, NOT A SHORT SALE OR FORECLOSURE, JUST PRICED LIKE ONE! BOCA COUNTRY CLUB IS A GUARD GATED COMMUNITY IN EAST BOCA CLOSE TO SHOPPING, BEACHES, HIGHWAYS. COUNTRY CLUB MEMBERSHIP IS AVAILABLE BUT NOT MANDATORY. FOR MORE INFORMATION ON THIS OR ANY OTHER BOCA RATON HOMES FOR SALE, PLEASE VISIT OUR WEBSITE.
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The sales of luxury properties in the Boca Raton, Highland Beach and Delray Beach real estate market continues to stagnate. I have prepared a couple of graphs which illustrate the great amount of unsold inventory which is on the market in the over one million dollar price ranges. This segment represents approximately 13% of the total listings on the market. For purposes of this article, I have examined all listings in excess of one million dollars in Boca Raton, Highland Beach, and Delray Beach.

Here are the number of sold properties in each price band in the past six months:

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Here is an illustration of the current month's inventory in each price band. Please keep in mind that the average for all price ranges in Boca Raton, Highland Beach and Delray…

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Your House As Seen By: 

Yourself:
 

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Your Buyer:

Your Lender:

The Appraiser:

and last but not least, the Palm Beach County Property Tax Assessor:

This was sent to me by my friend and colleague John List, who I work with at Lang Realty. I thought it was really funny and apropo. Appraisals in particular are a big issue in our market. In the coming weeks I will be writing about some situations with appraisals that are true stories and are keeping sellers trapped in their homes and unable to sell due to ridiculous valuations by appraisers who don't know the area or the values. Stay tuned!

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As a followup to my earlier blog post about the first time buyer credit here are some quick facts:

  • The tax credit is equal to 10 percent of the home's puchase price, up to $8,000.
  • Buyers can claim the credit on either their (amended) 2008 Federal tax return or on their 2009 Tax Return. More info can be found at www.irs.gov
  • The home sale MUST close by November 30, 2009
  • The full credit is available to buyers with modified adjusted gross incomes (AGI) of $75,000 for single taxpayers and $150,000 for married taxpayers. Smaller partial credits are available for incomes up to $95,000 single and $170,000 married.
  • It is possible to use cash from the credit towards the downpayment of the home purchase this year. For more information, go to www.fha.gov
  • If…

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clock_image_640Only a few months left to take advantage of the first time HomeBuyer's Tax Credit! Don't miss out!

Many people have taken advantage of the one-time opportunity to receive the $8,000 tax credit offered by Congress since passing the American Recovery and Reinvestment Act. The tax credit, coupled with today's low low interest rates and increased housing affordability, is a huge plus in helping Boca Raton real estate buyers realize their dream of homeownership.

You must close on your Boca Raton real estate purchase by December 1, 2009 in order to qualify!

First time homebuyers in addition to those who have not owned a home for the past three years, may be eligible to receive all or even part of the credit depending upon their income level. You can even…

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FABULOUS PENTHOUSE!
1571 Bridgewood Dr, Boca Raton, FL 33434
Picture of House 2 bedroom penthouse, 2 1/2 baths, 1775 sq ft under air with fabulous views of golf course, lakes, and Boca West Country Club. Three balconies feature impact glass and new hurricane accordian shutters. Fabulous buy for a penthouse apt! Spacious eat-in kitchen with fabulous views, "L" shaped dining-living room. The wall between the den and the living room has been removed (can be put back) creating an extra-large great room with a large terrace. The spacious laundry room plus several closets offer abundant storage options. The enormous master bedroom suite has a huge walk-in closet as well as master bath with separate vanity area. The guest bedroom has a…

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Gated Community Beauty
5169 Monterey Lane, Delray Beach, FL 33484
Picture of House BEAUTIFUL 3 BR, 2 1/2 BA MEDITERRANEAN HOME.REDONE KITCHEN FEATURES GRANITE COUNTERS AND STAINLESS APPLIANCES. ALMOST 2400 SQ FT OF A/C LIVING SPACE INCLUDING THREE LARGE BEDROOMS AND LARGE FAMILY ROOM. ENORMOUS MASTER SUITE BOASTS 2 LARGE WALK-IN CLOSETS AND HUGE BATHROOM WITH ROMAN TUB AND SEPARATE SHOWER. THIS BEAUTY ALSO FEATURES A CHARMING ATRIUM, SOARING CATHEDRAL CEILINGS, A LARGE SCREENED PATIO OVERLOOKING THE GARDEN, AND A PRIVATE COURTYARD OFF OF THE GUEST SUITE. MONTEREY LAKE IS A GATED COMMUNITY WITH POOL, TENNIS, EXERCISE ROOM, SAUNA AND SPA. ALL AGES ARE WELCOME IN THIS FABULOUS COMMUNITY IN THE BEST CENTRAL BOCA/DELRAY LOCATION!

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I am pleased to announce the smooth and successful closing of this magnificent condo within the Toscana South Towers in Highland Beach, FL.  The new owners, a couple who are selling their large home and now downsizing due to their new "empty-nester" status, could not resist the breathtaking ocean views (along with the views of the intracoastal and city), and the wonderful lifestyle of Toscana.  With two bedrooms, two full and one half bathrooms and over 2,600 square feet of living area under air, this condominium was an easy choice. 

Both professionally designed and decorated with hand-crafted built-ins and mill work throughout, this condo is one in a million.  Many rooms have been tastefully painted with faux finish within the open floor plan too.  

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Thornhill Green Estate
22218 Hollyhock Trail, Boca Raton, FL 33433
Picture of House This estate home features 5 bedrooms plus library, pool, gourmet chef’s kitchen, and custom built to perfection. Thornhill Green is a beautiful neighborhood in Central Boca, close to shopping, transportation, schools, etc. Also located within walking distance to worship. Best Boca Schools including Del Prado, Omni, and Spanish River. House is also available for rent for $5800/month. For more information on this and any other Boca Raton, FL Real Estate, please visit my website.
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 $1,680,000 (or $5,800/month lease…

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