July 2015

There are 10 blog entries for July 2015.

To help you stay informed on what's happening in the luxury real estate condominium market in Boca Raton, we've put together the latest inventory statistics for Mizner Grand as of July 27th 2015.

Mizner Grand Condominium Boca Raton Market Update - July 27th 2015 Inventory

Mizner Grand Condominium
As of 07/27/15 # Active listings # Pending # Sold in last 6 months
Condos 7 2 2

Boca Raton Luxury Condominium Market Mizner Grand Statistics number of condos for sale 072715

In Mizner Grand Condominium Boca Raton, there are 138 units in total. Since there are currently 7 condos for sale, it represents approximately a 5% turnover. Since Mizner Grand is a luxury building, this percentage is normal in the range of other luxury buildings in Boca Raton. There were only 2 sold condominium sold in the

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To help you stay informed on what's happening in the luxury Townsend Place real estate market in Boca Raton, we've put together the latest inventory statistics for 2 bedroom condominiums.

Please click here to see the Townsend Place luxury 2 bedroom homes for sale

Townsend Place pool at night

Townsend Place 2 Bedroom For Sale Market Update - July 2015 Inventory

Townsend Place Active 2 bedroom for sale
Unit # SqFt - Living List Price List Price/SqFt
A-706 1,955 $899,000 $460
B407 1,968 $825,000 $419
B607 1,968 $749,973 $381
A104 1,982 $789,000 $398
B401 1,986 $729,973 $368

July 22 2015 Boca Raton FL 33432 Townsend Place 2 bedroom for sale 

In Townsend Place, there are 5 active listings, with a listed price ranging from

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Alert: before price change in MLS. Exceptional opportunity in Townsend Place unit B-608. Seller wants to sell. New price way below the market $780,000 RX-10103783

Beware: this price change will go in our MLS very soon. The early bird gets the worm! Either for an investment or for a primary residence, this luxury condo is a steal!

This is a designer model

Fusion of luxury and sophisticated design embraces you the moment you step into this bright and spacious condo. This is a high end designer’s home. She has used unique architectural ideas to coordinate throughout the entire home, yet allowing a different atmosphere in each room. The custom designed foyer sets the tone with its tiered columns and beveled marble floor which transitions to

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Deciding on a price for your luxury home

The most important part of selling your luxury condominium or luxury home is ensuring you get the best value for it. Here are some ways Jean-Luc Andriot suggests you can make this possible.

Look at the comps (comparables)

Comparative market analysis reports, or comps, are lists of recently sold homes in your neighborhood that aim to give you a better idea of where to set your price. The first step in determining a price is learning what your home’s fair market value is, and this system provides that data.

  • Select comps as close to your home as possible. Compare your home to others in your development that were developed in the same style at around the same time
  • Select recent comps, preferably 3
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This season, granite is in style, as an increasing number of luxury homeowners are rushing into stores to keep up with the trend. High-income homeowners are not only installing granite in their kitchens, but in their bathrooms, bedrooms and patios as well. 
If you'd like to see luxury homes for sale in Boca Raton, please click here.
If you'd like to see luxury condominiums for sale in Boca Raton, please click here.

 

“Installing granite is an excellent way to increase the value of your home or condo for sale, especially in South Florida,” said Jean-Luc Andriot. “When people think of this region of the U.S., they think luxury, and that’s exactly what granite gives you.”

Not only is granite luxurious, it’s durable and versatile.

  • Scratch, stain,
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To help you stay informed on what's happening in the luxury real estate market in Boca Raton, we've put together the latest inventory statistics for condominiums, single-family homes and townhomes on properties that are priced over $1,000,000.

Boca Raton Market Update - July 2015 Inventory

Property Type # of Active Listings # Under Contract # Sold Units in last 6 months
Condos 61 9 43
Single-Family 371 55 179
Townhomes 7 2 1
Total 439 66 223

Boca Raton Luxury Market above $1,000,000 Market Statistics number of homes for sale 071415

Of the total number of luxury transactions (defined as $1,000,000+) in our Boca Raton MLS system in the last six months, 439 are active listings, 66 are currently under contract and 223 are transactions that have

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Map of 7701 NE Morningside Terrace Boca Raton, FL 33487 in Morningside

Recently Boca Raton Premier Properties combined Jean-Luc's culinary experience with his flair for creative staging to grab the attention of brokers and buyers at a newly listed home in Morningside, Boca Raton. On June 2nd 2015, we held and open house at 7701 NE Morningside Terrace Boca Raton, FL 33487 (Morningside: MLS RX-10125386) and included a professional buffet served by Gourmet Adventures Catering.

Open House Video: 7701 NE Morningside Terrace, Boca Raton

See how our unique approach to selling luxury properties in Boca Raton will help your property stand apart from the rest and get you the results you want. We invite you to view our video and welcome and questions about this property:

Open house flyer 7701 NE Morningside Terrace Boca Raton, FL 33487 in Morningside_1

7701 MORNINGSIDE TERRACE Open House & Buffet

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Now is an exciting time for real estate and we've been seeing a number of significant changes across the nation. We've been tracking a few noteworthy numbers for both buyers and sellers. According to the National Association of Realtors for the Month of July 2015:

  • The projected number of home sales rose to 5.4 million (from 5.04 million last month)
  • The national median home price for existing homes increased to $228,700 (from $219,000 +4.6% last month and +7.9% from July 2014 last year)

Real Estate Market Update in the US (per the National Association of Realtors)

If you are looking to sell, NOW IS A GOOD TIME TO LIST YOUR HOME. According to Freddie Mac, the national average for a 30 year fixed mortgage rate rose to 4% (from 3.84%

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Month of May 2015 Palm Beach County real estate market (source: Realtors' Association of the Palm Beaches)

To view the Realtors' Association of the Palm Beaches market report May 2015, please click here

From year to year May 2014 to May 2015 for single family homes:
The number of closed sales increased by 6% (to 1,739)
The median sale price increased by 6% (to $295,400)
The median days on market decreased by -25% (to 42)
The months of inventory supply decreased by -21.1%  (to 4.7)
The single family homes real estate market in Palm Beach County is accelerating. The inventory is becoming scarce both in availability and number of days they remain on the market. Consequently sold prices have increased. Consequently there are fewer homes available for sale.
If you are interested in selling your home, now is a good time to list your home for sale!


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550 SE Mizner blvd B-608 Boca Raton, FL 33432, Townsend Place MLS# RX-10103783

Welcome to 550 SE Mizner blvd B-608 Boca Raton, FL 33432, Townsend Place (MLS: RX-10103783)!

Fusion of luxury and sophisticated design embraces you the moment you step into this bright and spacious condo. This is a high end designer’s home. She has used unique architectural ideas to coordinate throughout the entire home, yet allowing a different atmosphere in each room. The custom designed foyer sets the tone with its tiered columns and beveled marble floor which transitions to beautiful Caribbean rosewood flooring throughout the living, dining, den and kitchen.

An elegant stepped crown molding is surrounding the ceiling and coordinates with architectural wall details as well as a living room ceiling light platform. The dining room entrance is

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