A mixed bag for existing home sales

Home buyers remain persistent despite tight inventory.

The tight inventory of homes for sale has been a persistent challenge for some time now. With this said, it is not stopping buyers from searching for properties. According to the latest data from the National Association of Realtors®, existing home sales recorded a seasonally adjusted annual rate of 6.46 million in November. Although this… Continue reading A mixed bag for existing home sales

Boca Raton Oceanfront Condos and Townhouses Recent Sales

We continue to experience high demand for oceanfront condos and townhouses in Boca Raton, Florida. For the most recent 3 months, sale prices range from $1.27 million to $5.6 million for condos and townhouses with more than 2,500 living square feet: Currently, there are 12 condos and townhouses for sale in Boca Raton, near the… Continue reading Boca Raton Oceanfront Condos and Townhouses Recent Sales

Florida home prices outpace the national average

Florida continues to be a popular destination and home prices reflect it.

It is no secret that Florida has become arguably the most popular relocation destination for many domestic and even international home buyers. According to the Federal Housing Finance Agency House Price Index (FHFA HPI), home prices are certainly reflecting this increased demand. At the national level, home prices increased 18.5% year-to-year in Q3 2021. With… Continue reading Florida home prices outpace the national average

Florida sees more international home buyers

International home buyers continue to key in on The Sunshine State.

With borders being opened up and more international people traveling again, we are seeing an increase in more foreign buyers. Although most of these international travelers are tourists looking to vacation in the U.S., many are also looking to buy properties. Not surprisingly, The Sunshine State is leading the country in the number of foreign… Continue reading Florida sees more international home buyers

Home prices are rising but at a slower pace

Home price growth is starting to rise at a slower pace

We have seen 14 straight months of home price growth across the country, but this trend finally slowed down in the month of September. An indicator that the market is beginning to normalize, this deceleration is largely expected. Needless to say, this is welcomed news for prospective home buyers. What the data shows The latest CoreLogic Case-Shiller… Continue reading Home prices are rising but at a slower pace

Does a drop in temperature = a drop in home prices?

The fall and winter months can be the best time to buy a home.

As the leaves drop, so do home prices according to a recent report from ATTOM Data Solutions. Analyzing data over a seven-year period from 2013 to 2020, the report found that in October, people paid an average of 2.9% over the median automated appraisal price of a given home. By comparison, the most expensive month… Continue reading Does a drop in temperature = a drop in home prices?

The 2021 home buyer profile report

2021 Home buyer trends provide insights into who is buying homes

According to the latest national housing trends report we now have a clearer picture of the most common home buyer demographics. While many of you may be thinking this information is mainly for curious real estate professionals, it actually can be quite helpful for sellers in particular. As a real estate brokerage, we always pay… Continue reading The 2021 home buyer profile report

An international push for Florida real estate?

The lifting of international travel restrictions should increase demand for Florida housing.

According to data from the National Association of Realtors®, foreign purchases of U.S. homes plummeted from April 2020 to March 2021. Compared to the previous year, sales were down by 27% to $54.4 billion. However, the U.S. recently lifted travel bans for 33 countries including some in the European Union, the United Kingdom, China, Canada, Mexico, Brazil and India. For many of these foreign home buyers, the lack of inventory and… Continue reading An international push for Florida real estate?

Boca Raton Waterfront Sales

Market Update for Boca Raton

We continue to experience high demand for Boca Raton single family homes, with private docks, located east of Federal Highway. For the most recent 3 months, sale prices range from $1.1 million to $12.5 million: Currently, there are 42 single family homes for sale in Boca Raton, with a private dock, located east of Federal… Continue reading Boca Raton Waterfront Sales