Market Update And Statistics

October 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.

Here are your real estate statistics you need to know - August 2015 - National Association of Realtors (NAR)

Although existing home sales decreased in August 2015 to 5.31 million, all cash sales still represent 22% of transactions and the percentage of first time home buyers increased to 32%! Click on this infographic for more details.

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.

This very short video (1:09 minute) is going to give you the 3 national real estate statistics. With 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.

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

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

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

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 2 Bedroom For Sale Market Update - July 2015 Inventory

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

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

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

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

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%

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!