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Market Update – October 19, 2016

Weekly Newsletter: This week’s market update covers coastal regions of South Palm Beach County.  Due to Hurricane Matthew's dramatic miss on South Florida, we did not post the last two weeks.  Now that business is back to normal, expect weekly market updates as scheduled. A quick look below clearly shows far fewer closings and pending sales, however, this is a normal occurrence for late summer and early fall.  Inventory is finally on a much needed rise. There was a wide range of … [Read more...]

Market Update – September 21, 2016

Weekly Newsletter: This week’s market update is for southern Palm Beach County’s barrier island and coastal regions. As expected, inventory is back on the rise over the past two weeks. There was a wide range of home and condo sales ranging from $80,000 to over $8 million. There were sales in all price brackets. A personal sale of $659,000 at 2220 S Ocean Blvd 902 in Delray Beach was among the most notable condo sales in Delray Beach. Barrier Island: South Palm Beach County Towns of … [Read more...]

Market Update – September 15, 2016

Weekly Newsletter: This week we focus on coastal areas of Northern Palm Beach & Southern Martin Counties.  In the past thirty days, there were 67 sales on the barrier island which is up five sales from last month and 53 total sales in coastal areas.  Inventory continues its downward trend this month with expectations that in the next month or so, we will see an uptick in inventory as the selling season approaches. Mortgage rates remain at historically low rates, with 15-year fixed … [Read more...]

Market Update – September 07, 2016

Weekly Newsletter: This week, we turn our attention to the barrier island of Central and Southern Palm Beach County as well as waterfront communities on the west side of the Intracoastal Waterway in Southern Palm Beach County. Over the last two weeks, pending and sold properties remain strong but down slightly from our latest bi-weekly update. Beginning this edition, single family residences will have a separate category from condos, villas and townhomes as market demands and prices … [Read more...]

Happy Labor Day 2016

It’s hard to believe that we are now in September and the Labor Day weekend is upon us.  Marking the end of summer for northerners and just another day in paradise for Floridians.  All eyes turn to tropical system Hermine that will likely have many up and down the northeast coast turning to a plan b instead of one last trip to the shore. Here in South Florida, we are expecting sun with a high chance of fun.  From your South Florida Trusted Real Estate Advisor, have a safe holiday weekend! Come back next week … [Read more...]

Market Update – August 24, 2016

Weekly Newsletter: Thinking a real estate slowdown?  Not so fast.  Several sources have indicated that home sales are up drastically, by double digits in many locations nationally from this time last year.  Florida is a leading state for existing and new home construction sales.  In fact, home sales are at the highest level since 2007 and locally, inventory continues to shrink. Downtown Delray Beach: Downtown Delray Beach including Lake Ida area off Swinton Avenue east to the Atlantic … [Read more...]

Market Update – August 19, 2016

Weekly Newsletter: Over the past several weeks, we have made additional updates to the webpage  The latest updates include enhanced "Property Search" options and a "Video" menu button.  The new property search options include additional cities to choose from in property searches as well as customizable property searches under the "Waterfront Properties, Oceanfront Properties and Coastal Properties" menu buttons located at the top of each page. On the first and … [Read more...]

Market Update – August 10, 2016

Weekly Newsletter: On the second week of the month, we focus on coastal areas of Northern Palm Beach & Southern Martin Counties.  In the past thirty days, there were 62 sales on the barrier island and 93 sales in coastal areas of Northern Palm Beach and South Martin Counties the previous month.  Inventory in all areas are also down which has helped create some urgency. Search Homes and Condos For Sale Barrier Island: Towns of Jupiter, Jupiter Island, Jupiter Inlet Colony, Juno Beach, … [Read more...]

Market Update – August 04, 2016

Weekly Newsletter: In this week’s real estate market update, we focus on the barrier island from Palm Beach to Boca Raton, Florida. Strong summer sales continue into the dog days of summer in all areas of Palm Beach County. New Construction is the theme and has been for a while with NO signs of slow down. There is a tremendous amount of high end new construction in coastal regions.  Vacant lots rarely exist and demand for tear down homes is likely near an all-time high.  Fresh off the … [Read more...]

Market Update – July 29, 2016

Weekly Newsletter: From Downtown Delray Beach and West Palm Beach, the area attracts an international cliental of home buyers who all seek what the area has to offer. Inventory of homes and condos in the Downtown Delray Beach area is down over the past 30 days which leaves higher competition for existing inventory.  The downtown area inventory is at 221 combined homes and condos vs 250 one month ago. According to the Beaches MLS database for Realtors, the most expensive home sold for … [Read more...]