With reports of bidding wars breaking out in the current South Florida market, it is no surprise that house prices are on the rise.
The Realtors in Palm Beach and Broward counties are reporting a rebound in the number of closings, pending sales and new listings in 2013. These trends are in just about every area of residential real estate-- single family, condos, townhouses, etc.
Palm Beach County median single-family home prices rose 21% in January 2013 over January 2012, according to the Realtors in Palm Beach County. Condo prices were up to $90,000 from $78,000 in January 2013 over January 2012, according to the Realtors in Palm Beach County.
Broward County reported a 15.4% increase for single-family home prices in January 2013 over January 2012, according to the Realtors in Palm Beach County.
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Monday, February 25, 2013
Friday, February 15, 2013
Palm Beach County Florida Home Prices Up Double Digits in 2012: Homes For Sale: Homes For Rent
The Realtors Association of the Palm Beaches (RAPB) reported some encouraging news for the housing market in Florida's Palm Beach County.
The median single family home price increased by 10% in 2012, according the Realtors Association. The median price was $212,000 in 2012, which compares with $193,000 from the previous year, according to the Realtors Association of the Palm Beaches.
Investors seemed to be very active as all-cash sales rose 10% in 2012 over 2011 (source: RAPB). I think the investment activity was a factor in the 40% decline in homes on the market in Palm Beach County in 2012 (source: RAPB).
The RAPB reported a 10% increase in the number of homes sold in the County during 2012 versus 2011. The number of home sales was 13,668 in Palm Beach County during 2012, according to the RAPB, which they reported was reminiscent of sales in 2005 (a sales boom period).
The typical home sold in 90 days according to the RAPB in 2012, which was down from 103 days a year earlier.
All of this is proof that the housing market has recently changed in South Florida. If the trend continues, it may in fact be a "seller's market" once again.
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
The median single family home price increased by 10% in 2012, according the Realtors Association. The median price was $212,000 in 2012, which compares with $193,000 from the previous year, according to the Realtors Association of the Palm Beaches.
Investors seemed to be very active as all-cash sales rose 10% in 2012 over 2011 (source: RAPB). I think the investment activity was a factor in the 40% decline in homes on the market in Palm Beach County in 2012 (source: RAPB).
The RAPB reported a 10% increase in the number of homes sold in the County during 2012 versus 2011. The number of home sales was 13,668 in Palm Beach County during 2012, according to the RAPB, which they reported was reminiscent of sales in 2005 (a sales boom period).
The typical home sold in 90 days according to the RAPB in 2012, which was down from 103 days a year earlier.
All of this is proof that the housing market has recently changed in South Florida. If the trend continues, it may in fact be a "seller's market" once again.
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Wednesday, February 6, 2013
Home Depot Increases Hiring: What Does This Mean For US Housing Market: Homes For Sale: Homes For Rent
I like to follow trends in an industry to get a sense for where it might be headed. Home Depot said it plans to hire 80,000 workers in the US; this is up from 70,000 employees hired around this time last year.
The spring selling season is the busiest time for the retailer and the almost 15% increase in workers hired is a positive trend for the US housing market, in my view.
The fact that a major retail operation in the housing market is taking a positive step means to me it is confident in its business for the near-term. The hiring includes both full-time and seasonal workers. If Home Depot's management is correct, there should be more activity in the housing market during the spring season, in my opinion.
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
The spring selling season is the busiest time for the retailer and the almost 15% increase in workers hired is a positive trend for the US housing market, in my view.
The fact that a major retail operation in the housing market is taking a positive step means to me it is confident in its business for the near-term. The hiring includes both full-time and seasonal workers. If Home Depot's management is correct, there should be more activity in the housing market during the spring season, in my opinion.
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Case Shiller Housing Index: November 2012: US Housing Prices Rise About 5% YOY: Homes For Sale: Homes For Rent
As we have discussed, the US housing market continues to show positive momentum. The Case Shiller Housing index showed a year-over-year increase of 4.5% for the Composite 10 and 5.5% for the Composite 20 during November 2012.
Large institutional investors seems to be reducing supply by taking out large chunks of homes in the distressed market. All the while, banks seem to be trickling out its in-house foreclosures. Traditional buyers continue to be out there in the market as low rates help to make buying a home affordable for many. I believe these are some of the main reasons for the reduction in inventory levels and rise in prices.
The South Florida market remains strong. Sequentially home prices rose 0.8% and increased year-over-year by 9.9% during November 2012.
To quote the Case Shiller report: "The Southwest – Las Vegas and Phoenix – are staging a strong comeback with the Southeast -- Miami and Tampa close behind." The report went on to say, "housing is clearly recovering. Prices are rising as are both new and existing home sales. Existing home sales in November were 5.0 million, highest since November 2009. New Home sales at 398,000 were the highest since June 2010."
Some areas of interest:
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Large institutional investors seems to be reducing supply by taking out large chunks of homes in the distressed market. All the while, banks seem to be trickling out its in-house foreclosures. Traditional buyers continue to be out there in the market as low rates help to make buying a home affordable for many. I believe these are some of the main reasons for the reduction in inventory levels and rise in prices.
The South Florida market remains strong. Sequentially home prices rose 0.8% and increased year-over-year by 9.9% during November 2012.
To quote the Case Shiller report: "The Southwest – Las Vegas and Phoenix – are staging a strong comeback with the Southeast -- Miami and Tampa close behind." The report went on to say, "housing is clearly recovering. Prices are rising as are both new and existing home sales. Existing home sales in November were 5.0 million, highest since November 2009. New Home sales at 398,000 were the highest since June 2010."
Some areas of interest:
| November | Monthly | Sequential | Annual |
| Metropolitan Area | Level | Change | Change |
| Boston | 153.74 | -0.90% | 2.30% |
| Chicago | 113.35 | -1.30% | 0.80% |
| Miami | 151.13 | 0.80% | 9.90% |
| Minneapolis | 126.41 | 1.00% | 11.10% |
| New York | 162.86 | -1.10% | -1.20% |
| Tampa | 133.77 | -0.20% | -0.50% |
| Composite 10 | 158.28 | -0.20% | 4.50% |
| Composite 20 | 145.82 | -0.10% | 5.50% |
| Source: | |||
| S&P Indices | |||
| Firserv |
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Subscribe to:
Posts (Atom)