Boca Expert Realty Real Estate Blog - real estate

January 2020 Real Estate Market Statistics for South Palm Beach County

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 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 Real Estate Market Statistics for South Palm Beach County

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 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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JUST LISTED: 99 SE Mizner Blvd, Apt #734, Boca Raton FL 33432~ Palmetto Place Condo

Welcome home to this move-in ready 2 Bedroom, 2 Bath condo on the 7th floor of Palmetto Place in downtown Boca Raton. 

Under $500,000! No need to look further! Centrally located in the middle of downtown Boca Raton, close to Mizner Park, Royal Palm Place, restaurants, shops and the beach. Balcony overlooking pool and gardens. Palmetto Place is a full-service concierge building with abundant amenities including a resort style pool, valet parking, fitness center, clubhouse and more. Small pets welcome, and you can lease it right away, so it's a great investment. 

Listed by Gloria Singer for Boca Expert Realty. Please contact Gloria for current pricing + availability. 

Address: 99 SE Mizner Blvd, Apt #734, Boca Raton, FL 33432
Price: $499,000
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September 2019 Real Estate Market Statistics for South Palm Beach County

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 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 Statistics for South Palm Beach County

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 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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Just Sold! 2 Bedroom at 275 NE Olive Way in Boca Raton Riviera

Just sold in Boca Raton Riviera, a 2 bedroom home on 275 NE Olive Way.

Sold Price: $755,000.00

This charming home boasts strong construction and lush tropical landscaping. Extras include upgraded galley-style kitchen with stainless steel appliances and gorgeous granite counters.  The family/breakfast room is open from the kitchen. Both bedrooms have walk-in closets and bathrooms. The great room combines both living and dining space and opens to a large covered patio, with a beautiful salt water pool.

A new roof was added in 2009 and new a/c in 2012. 

Boca Raton Riviera is one of Boca Raton’s most prestigious beach-area enclaves comprised of single-family homes conveniently nestled between the Atlantic Ocean and the Intracoastal…

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Seven Facts to Know When Buying New Construction

Communities and condos in the pre-construction phase or already under construction are “hot” in South Florida. After years of no development, the builders are experiencing a boom amidst the pent-up demand from buyers for new homes. Our office has represented buyers in the most popular Boca Raton and Delray Beach area new construction communities and condos including Tower 155, The Bridges, Seven Bridges, Royal Palm Polo, Valencia Cove, Parkland Golf and Country Club, and many more.

The trend towards new construction is strong for several reasons:

• New homes offer greater energy efficiency, many incorporating “smart home” features.
• Homeowner’s insurance is less expensive.
• The buyer gets exactly the finishes desired without having to live…

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Boca Raton Market Report - December 2015

The latest market statistics are out for Boca Raton real estate and Palm Beach County. These numbers are comparing the real estate market results from December 2015 to the results from December 2014. Some insights:

If you are considering selling, now is the time:

The year over year sales pace has increased in both Single Family and Condos, while inventory has decreased. What is this telling us? There is less than 5 months of inventory on the market (the amount of time it would take to sell all of the homes currently for sale). This means that Sellers have the upper hand. The rule of thumb is that six months supply is a balanced market. Anything less than that tilts towards a Sellers market, while anything longer tilts towards a Buyers market. 

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Recently Sold! 200 E Palmetto Park Road, TH-15 in Downtown Boca Raton

I am pleased to announce that I recently sold the last developer-owned 2-story townhome in the 200 East Palmetto Park building for $700,000.00! 

Located on the NW corner of this upscale building, this well-lit, open concept townhome includes the kitchen, living room, and dining room on the main level and the bedrooms with separate laundry room on the second level.

With close to 2,000 sq ft of living space, this property’s first floor has floor to ceiling windows, access to the two covered balconies, spacious living room with side area that can be used as a TV room or home office and the kitchen. The thoroughly up-to-date kitchen includes wood cabinetry, granite counter-tops, sub-zero refrigerator, built-in Miele Nespresso coffee system, walk-in…

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Short Sale ~ Reduced to Sell by $100K ~ 7950 Tennyson Court in Montoya Circle

2-story single family courtyard estate home listed for sale in central Boca Raton. Built in 2003, this custom home features 6 bedrooms, 7 ½ baths, 3-car garage and a private in-ground heated swimming pool. This home is located in the Boca Hamlet subdivision of Montoya Circle.

Beautifully laid out, this quality home has plenty of room for indoor and outdoor entertaining. The formal living room with fireplace is truly impressive. The kosher chef’s kitchen includes a six-burner gas range, three ovens, two microwaves, two dishwashers, warming drawers, granite counter tops, granite prep island and much more.

The master suite with its magnificent master bathroom and massive walk-in closet is located on the first floor along with the study, media…

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