Palm Beach

South Florida home prices are on the rise according to the Dow Jones S&P’s Case-Shiller index for May 2015, indicating the market has continued to strengthen for the last 12 months.

Released this week, the report shows the Miami area is doing particularly well with 8% growth, just behind Denver, (10%) San Francisco (9.7%) and Dallas (8.4%). The next highest are Portland and Seattle, both coming in at 7.4%. So, what does this all mean? 

“This is great news for South Florida home sellers,” Jean-Luc Andriot of Boca Premier Properties, said. “We are already seeing the best sales volume in Palm Beach and Broward counties in more than two decades and this is yet another great indicator of success.”

The Case-Shiller home price index is a

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

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

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!

The home inspection process:

Of the many ways you need to get your home ready for sale, home inspection should be near the top of your checklist. According to the American Society of Home Inspectors, an inspection is an objective visual examination of the physical structure and systems of a house from the roof to the foundation. These inspections are generally completed 10 to 14 days from the acceptance of the home sale contract.

Source: Thompson Home Inspection

“From what I’ve seen, the primary concern of buyers is worrying about problems they haven’t seen that could cost them money down the road,” Jean-Luc Andriot says

In order to ease their concerns, buyers will therefore cover the cost of the inspection and the payment for the repairs

Located East of Federal Highway, about 1 mile from the ocean, Townsend Place condominium is defined as a luxury building. Comprised of 2 separate buildings, a total of 198 units with different views, ranging from 1,400 living sq ft for a one bedroom to 2,500 living sq ft for a 3 bedroom. Amenities include a heated pool, a concierge, an exercise room  and a social room for each building.

Centrally located, you can walk across Mizner Blvd to Royal Palm Plaza where you will find dozen of shops, boutiques and restaurants. If you want to walk a little bit further, you will reach the famous Mizner Park area for your entertainment needs.

Click here to see the condos available for sale in Townsend Place