Tagged : Market update and statistics

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

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,

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

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

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!