Market Update And Statistics

Weather and the time of year have a big impact housing activity, and in every housing market there are times of the year when fewer homes sell. For most, that time of year coincides with the winter months, and in much of the U.S., that’s the case right now. 
But no matter where you live, it’s important to know how seasonality affects the housing market. So let’s look at the current housing numbers, how seasonality affects them, and what it means for you if you’re looking to buy or sell.

With few homes available, sellers are in pole position.
Last year, limited inventory dominated the headlines for the real estate industry, and that trend looks to continue this year. According to the National Association of Realtors (NAR), inventory dropped 12.3

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March 2016, Keller Williams Realty monthly real estate statistics.
This very short video (1:05 minute) is going to give you the 3 national real estate statistics for this month.
With these 3 numbers, you should be able to "feel" the current market. Just click on the video below.

1. The number of projected homes for sale nationally
2. The national median home price
3. The average 30 year fixed-rate mortgage rate.

The Boca Raton area market is a little different from the national market. To get insider's information from a local real estate specialist, please be sure to reach out and call us today at . We'll let you know how these number may affect you and would be happy to talk about your real estate needs.

February 2016, Keller Williams Realty monthly real estate statistics.
This very short video (1:12 minute) is going to give you the 3 national real estate statistics for this month.
With these 3 numbers, you should be able to "feel" the current market. Just click on the video below.

1. The number of projected homes for sale nationally
2. The national median home price
3. The average 30 year fixed-rate mortgage rate.

The Boca Raton area market is a little different from the national market. To get insider's information from a local real estate specialist, please be sure to reach out and call us today at . We'll let you know how these number may affect you and would be happy to talk about your real estate needs.

Year 2015: Market trends for Townsend Place condominium. Condos for sale | Condos Under Contract | Sold Condos
(source: TrendGraphix)

For the current condominium for sale list, click on the link: Townsend Place condominium

Address: 500 - 550 SE Mizner Blvd, Boca Raton, FL. 33432

 Townsend Place map 

If you are looking to buy a luxury condominium, click on the link: Townsend Place condominium

If you are interested in selling your Townsend Place luxury condominium in Boca Raton, now is a good time to list your condo for sale!

Strengthening Economy

Despite existing-home sales dropping last November, the National Real Estate Market is primed for expansion in 2016. Here's why. Better weather in many parts of the country resulted in an increase in single-family and multifamily home construction. Also, the population of millennial homebuyers is expected to grow in 2016. This means increased demand to help the housing market see positive gains.

With unemployment steadily decreasing, orders for new durable goods increasing 3 percent, inflation staying level, and income beginning to grow, the Fed decided to raise interest rates. The rate increase signals that our economy is getting stronger. So, don't let the drop in existing-home sales in November fool you, with a stronger

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January 2016, Keller Williams Realty monthly real estate statistics.
This very short video (1:12 minute) is going to give you the 3 national real estate statistics for this month.
With these 3 numbers, you should be able to "feel" the current market. Just click on the video below.

1. The number of projected homes for sale nationally
2. The national median home price
3. The average 30 year fixed-rate mortgage rate.

The Boca Raton area market is a little different from the national market. To get insider's information from a local real estate specialist, please be sure to reach out and call us today at . We'll let you know how these number may affect you and would be happy to talk about your real estate needs.

December 2015, Keller Williams Realty monthly real estate statistics.
This very short video (1:08 minute) is going to give you the 3 national real estate statistics for this month.
With these 3 numbers, you should be able to "feel" the current market. Just click on the video below.

1. The number of projected homes for sale nationally
2. The national median home price
3. The average 30 year fixed-rate mortgage rate.

The Boca Raton area market is a little different from the national market. To get insider's information from a local real estate specialist, please be sure to reach out and call us today at . We'll let you know how these number may affect you and would be happy to talk about your real estate needs.

Month of November 2015, Boca Raton condominium in 33432 real estate market
(source: TrendGraphix)

In Boca Raton, 33432 is a prime zip code. It encompasses downtown Boca Raton, all the way East to the intracoastal and the ocean. These are usually luxury condos.
 

Downtown Boca is a 344-acre, pedestrian-friendly district of shops, businesses, restaurants, entertainment and luxury homes and condominium.
It was here that famed 1920’s architect Addison Mizner established his signature Spanish-Mediterranean style, which went on to become the hallmark of our buildings. Many of them have been meticulously restored to their former glory, and new construction here imitates the unmistakable Mizner style. The well known Mizner Park area, one of the earliest

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

            
From year to year September 2014 to September 2015 for single family homes:
The number of closed sales increased by 12.8% (to 1,529)
The median sale price increased by 5.9% (to $285,000)
The median days on market decreased by -35.2% (to 35)
The months of inventory supply decreased by -20.2%  (to 4.5)
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 is dramatically decreasing. Consequently sold prices have increased and there are fewer homes available for sale.
If you are interested in selling your home,

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November 2015, Keller Williams Realty monthly real estate statistics.
This very short video (1:09 minute) is going to give you the 3 national real estate statistics for this month.

With these 3 numbers, you should be able to "feel" the current market. Just click on the video below.

1. The number of projected homes for sale nationally
2. The national median home price
3. The average 30 year fixed-rate mortgage rate.

The Boca Raton area market is a little different from the national market. To get insider's information from a local real estate specialist, please be sure to reach out and call us today at . We'll let you know how these number may affect you and would be happy to talk about your real estate needs.