Market Update And Statistics

Market Update And Statistics

There are currently 119 blog entries related to this category.

June 2023 - Jean-Luc Andriot - Blog Post Image for Jean-Luc Andriot blog 060123

There’s an old adage in real estate: location, location, location. But ever since the Federal Reserve began its series of inflation-fighting interest rate hikes last year, a new mantra has emerged: mortgage rates, mortgage rates, mortgage rates.

Higher rates had the immediate impact of dampening homebuyer affordability and demand. But this year, we’re seeing further repercussions. While analysts expected listing inventory to swell as sales declined, instead, homeowners have been pushing off plans to sell because they feel beholden to their existing, lower mortgage rates.

So what impact is this reduced demand and low supply environment having on home values? And what can we expect from the real estate market in the coming months and years? Here are

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Jean-Luc Andriot Luxury market report Boca Raton May 2023 for Jean-Luc Andriot blog 052223

As I am a member of The Institute for Luxury Marketing, I thought I would share with you their May 2023 report for Boca Raton - Delray Beach.

It is your guide to a general analysis on the trends and comparative data on the top-residential markets in the Boca Raton - Delray Beach area.

Statistics are separated between single family homes and condominiums / townhomes in Boca Raton - Delray Beach.

At the national level:

New Mindsets and Location Trends

Relocation, migration, and multiple homeownership are not new words in the world of real estate, luxury or not; it’s one of the main reasons that the industry exists. After all, helping people find new homes is a Realtor’s bread and butter.

Throughout history, we have seen mass migrations

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Jean-Luc Andriot Luxury market report Boca Raton April 2023 for Jean-Luc Andriot blog 042023

As I am a member of The Institute for Luxury Marketing, I thought I would share with you their April 2023 report for Boca Raton - Delray Beach.

It is your guide to a general analysis on the trends and comparative data on the top-residential markets in the Boca Raton - Delray Beach area.

Statistics are separated between single family homes and condominiums / townhomes in Boca Raton - Delray Beach.

At the national level:

Luxury Properties Returns

The quiet optimism forecasted last month seems to be paying dividends, as there was a distinct increase in the number of luxury property sales in March. In fact, our findings show sales for single-family homes and attached properties have risen nearly 50% compared to February 2023. 
The number of

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January 2023 - Jean-Luc Andriot - Blog Post Image for Jean-Luc Andriot blog 010423

Last year, one factor drove the real estate market more than any other: rising mortgage rates.

In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly.

Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should ultimately lead to a more stable and balanced real estate market.

So what can we expect in 2023? Will mortgage rates continue to climb? Could home prices come crashing down? While

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Jean-Luc Andriot Boca Raton - Delray Beach Luxury market report June 2022 for Jean-Luc Andriot blog 062122

As I am a member of The Institute for Luxury Marketing, I thought I would share with you their June 2022 report for Boca Raton - Delray Beach.

It is your guide to a general analysis on the trends and comparative data on the top-residential markets in the Boca Raton - Delray Beach area.

Statistics are separated between single family homes and condominiums / townhomes in Boca Raton - Delray Beach.

At the national level:

Luxury Property Inventory Levels Increase – What is the Significance?
May saw a comparatively significant upward shift in the number of homes listed for sale, especially compared to the same period in 2021. This was not unexpected, as there has been a gradual increase of new listings and a slower escalation of price increases

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3 obstacles to new construction for Jean-Luc Andriot blog 061322

Existing home inventory is low—so build your own, right?

Unfortunately, it’s not always that simple.

New construction has slowed significantly due to worker and material shortages–causing challenges for homebuyers and builders alike.

1. Shortage of building materials
2. Lack of skilled workers
3. Scarcity of available land

However, there are options if you have your heart set on a brand-new build.
Contact us to discuss the current opportunities in our area.

Whether you’re searching for a new or existing home, we can help!

Jean-Luc Andriot
561-213-9008
JLA@GroupJLA.com

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Home prices are STILL climbing for Jean-Luc Andriot blog 060822

However, the rate of appreciation has begun to slow.


So what does that mean for you?

* Homebuyers: You may find that your income growth outpaces home prices, making homeownership more affordable for you in the future.

* Homeowners: If you’ve been waiting to maximize your sale price, now may be the perfect time to cash out.

Learn more about the current housing market and what it means for you in our new blog post.


 
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Jean-Luc Andriot Boca Raton - Delray Beach Luxury market report May 2022 for Jean-Luc Andriot blog 052022

As I am a member of The Institute for Luxury Marketing, I thought I would share with you their May 2022 report for Boca Raton - Delray Beach.

It is your guide to a general analysis on the trends and comparative data on the top-residential markets in the Boca Raton - Delray Beach area.

Statistics are separated between single family homes and condominiums / townhomes in Boca Raton - Delray Beach.

At the national level:

The ebbs and flows of the luxury real estate market continue to be fascinating while still providing some unexpected twists and turns. At the beginning of 2022, experts had predicted a more traditional year, but reality tells a different story.
Much like actors, the players in the luxury real estate market need to have the

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Jean-Luc Andriot Boca Raton - Delray Beach Luxury market report April 2022 for Jean-Luc Andriot blog 042022

As I am a member of The Institute for Luxury Marketing, I thought I would share with you their April 2022 report for Boca Raton - Delray Beach.

It is your guide to a general analysis on the trends and comparative data on the top-residential markets in the Boca Raton - Delray Beach area.

Statistics are separated between single family homes and condominiums / townhomes in Boca Raton - Delray Beach.

At the national level:

A Time for Innovation
Inventory continues to remain below traditional levels, even though there has been a slight increase in the number of new listings coming onto the market over the last few months.
Comparing March 2022 to March 2021, there was an overall 8.17% decrease in luxury single-family inventory despite a 15.20%

840 Views, 0 Comments.

Jean-Luc Andriot Boca Raton - Delray Beach Luxury market report March 2022 for Jean-Luc Andriot blog 032122

As I am a member of The Institute for Luxury Marketing, I thought I would share with you their March 2022 report for Boca Raton - Delray Beach.

It is your guide to a general analysis on the trends and comparative data on the top-residential markets in the Boca Raton - Delray Beach area.

Statistics are separated between single family homes and condominiums / townhomes in Boca Raton - Delray Beach.

At the national level:

Examining the Demand for Luxury Real Estate
Over the last 18 months, the status of the real estate market, in particular the luxury sector, has been a hot topic across all news outlets, multi-media platforms, and within the industry itself.
Conversations have mainly focused on the variety of trends, with reviews covering a

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