Found 81 blog entries tagged as Boca Raton Real Estate.

Jan 2020 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 January 2020. Read on to learn more about the real estate market in South Palm Beach County:

Economic Indicators

For 2020, The National Association of REALTORS® Chief Economist Lawrence Yun sees good news for home prices. “National median home price growth is in no danger of falling due to inventory shortages and will rise by 4%,” the long-term NAR economist predicts. He is also expecting the new-home construction market sales to increase 10%. Yun and others would like to see home builders bring more affordable units to market to help ease shortages and slow price gains in that segment.
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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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sept 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 September 2019. Read on to learn more about the real estate market in South Palm Beach County:

Economic Indicators

Although mortgage rates remain low, and the economy is strong, we are still hampered by low inventories and fewer home sales. In Washington there are discussions around a broad overhaul of the housing finance system, including the re-privatization of Fannie Mae and Freddie Mac and reforms to federal agencies involved with financing substantial portions of the mortgages made every year. Many of these policy conversations and eventual changes will take months or years to be…

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

Economic Indicators

As the summer draws to a close, multiple opposing factors and trends are competing to define the direction of the real estate market. After the Federal Reserve lowered its benchmark interest rate on July 31, 30-year mortgage rates continued to decline, approaching all-time lows last seen in 2016. [UPDATE: On September 18, 2019, the Fed cut rates another ¼% for a target range for the Federal Funds Rate of 1.75-2.00%]. In spite of these rate cuts, most experts agree that the…

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Palm Beach County’s housing market reported rising median prices and reduced listing inventory in January 2018 as compared to January 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 Ticks Upward 

January marked 73 consecutive months that the median sales prices for both single-family homes and townhouse-condos rose year-over-year. The median price is the midpoint, meaning half the homes sold for more, half for less. Months supply of inventory is only 5 months for single-family homes and 6 months for condo and townhouses.

Shrinking Inventory Putting Pressure on Buyers

In many sub-markets, particularly those below the $500,000 price…

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Summer is officially here, and just as the weather is heating up, so is the Boca Raton real estate market. Florida Realtors® has released its report for May 2017, and the statistics show that both buyers and sellers can thrive right now in our local area — with the guidance of a qualified agent, that is.

Whether you’re looking for a condo by the beach or a single family home, here’s what you need to know as we enter the summer season.

Single Family Homes in Palm Beach County

The single family home market in our local area brought some notable shifts in May. Closed sales were on the rise both year-over-year and month-over-month, much to the delight of sellers. The same can be said for the median sale price, which showed a 7.9 percent increase…

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I am happy to announce that I just sold my listing at 2493 NW 64th Street in the Oak Run subdivision of the prestigious Broken Sound Club in Boca Raton! The original asking price for this property had been $349,000 and it sold for $338,000. Just slightly under 3,000 square feet of living space, this stylish home includes 3 bedrooms, 2 full bathrooms, a half-bath, 2 car garage and heated swimming pool.

This property was well-maintained by the owners and had been kept up-to-date with hurricane proof screens in all windows, impact front door and garage door, speakers in the living room for the sound system and lush landscaping to name just a few of its many updated features.

 

Broken Sound is one of Boca Raton’s premiere private country…

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Mandarin OrientalThe agents in our office recently met with the Mandarin Oriental sales team to learn about the project at Federal Highway and Camino Real in Downtown Boca. All I can say is “wow”! This is a high end project for ultra high net worth individuals. The first phase of a 366 unit luxury rental building - 101 Via Mizner - is just about complete. The next phase is a Mandarin Oriental hotel and Residences at Mandarin Oriental. Mandarin Oriental (MO) is a 5 star hotel group located in the top cities of the world. The MO team has decided to build both a hotel and residences in our little town of Boca Raton! This will be only the fifth location in the US to have a Residences at Mandarin Oriental in their city. We are joining locales such as New York, London, Abu…

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Light, bright and beautifully maintained single family home available for purchase in the Oak Run subdivision of the prestigious Broken Sound Club in Boca Raton. Just slightly under 3,000 square feet of living space, this stylish home includes 3 bedrooms, 2 full bathrooms, a half-bath and 2 car garage.

As you enter this property you will immediately notice the high-reaching 18.8” ceiling in the living room and numerous windows which overlook the patio, heated pool and the lushly landscaped yard.

As you continue your tour of the first floor you will come across the dining room which also includes the soaring ceiling and view, the eat-in kitchen with stainless steel appliances and granite counter-tops, the den which can also be used as an…

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One of the most frequently asked questions we Boca Raton REALTORs® receive is "How's the Market"? Whether someone is buying or selling or just curious, everyone seems to want to know what is happening in the real estate market.  The most recent local market update has been released for Boca Raton real estate as well as for the entire Palm Beach County for November 2015. Some significant numbers to ponder:

  • 90 - This is the average number of Days on Market from when a Boca Raton property is listed until when it is sold. It is close to 14% less than the same period last year. It is much higher than Palm Beach County taken as a whole, but that reflects the higher price point in Boca Raton. The higher the price, the longer that it takes on average to…

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