Price per SF in Valuing a Home Can be Misleading

Is price per square foot a good estimator of home value? In my experience working with my clients, price per square foot is one of the most misused statistic. Price per SF in valuing a home can be misleading if used improperly in estimating the value of a home. Often people calculate the price per… Continue reading Price per SF in Valuing a Home Can be Misleading

Highland Beach Recent Home Sales

Recent Sales: Highland Beach

Here’s the latest update on real estate market sales trends for single family homes in Highland Beach, Florida… Five single family homes sold in the last 3 months in the Town of Highland Beach with sales prices ranging from $9.9m to $45m. Address Subdivision Sold Price Closing Date 2455 S Ocean Blvd Byrd Beach $45m… Continue reading Highland Beach Recent Home Sales

Trends impacting Florida real estate

The pandemic has brought upon some Florida real estate trends that should remain for the foreseeable future.

We are approaching a third year into the pandemic and it is safe to say that life and the way business is conducted has changed forever. In addition, we are certainly seeing the pandemic impact real estate trends as well. As for The Sunshine State, it is also safe to say that it is no… Continue reading Trends impacting Florida real estate

Is the spring buying season here early?

With prices and mortgage rates rising, more buyers are entering the market now.

With home prices continuing to rise and mortgage rates following the same path, it appears that some buyers are not waiting for the spring to enter the market. Although the increase in home price appreciation appeared to slow down during the fall months, they are beginning to once again move higher. As a matter of… Continue reading Is the spring buying season here early?

Most common deal breakers for home buying

Sellers should be aware of the most common deal breakers for home buyers.

The red hot housing market is resulting in homes selling in record time for substantially higher prices. According to a recent study from the National Association of Realtors®, the median listing price of a home as of October 2021 was $380,000. This equates to a 22% increase since the start of the pandemic. Of course,… Continue reading Most common deal breakers for home buying

Millennials and real estate in 2022

Millennials continue to be a driving force in the real estate market.

Did you know? The 2021 housing market was the most lucrative and competitive ever recorded in U.S. history. In fact, home prices soared nearly 20%. This yearly increase even exceeded the 14% rise observed just prior to the housing collapse of 2008. More millennials entering the housing market has resulted in a record-level of competition… Continue reading Millennials and real estate in 2022

The impact of inflation on the real estate market

Home buyers and sellers are reacting in various ways to inflationary pressures.

With the inflation rate at a nearly 40-year high, you don’t need to look far to feel the effects. From the fuel pump to the grocery store and everything in between, Americans are having to spend significantly more money on essentially everything. With this said, inflationary pressures are also affecting both home buyers’ and home… Continue reading The impact of inflation on the real estate market