New Construction In Boynton Beach: Valencia Cove-- My Visit And The "Realtor Question"

I visited the new community by GL Homes called Valencia Cove.  It is an age-restricted community in Boynton Beach.  GL Homes was kind enough to host a broker's open and show Realtors around the community.  We were privy to information as well as a nice spread of food, drinks, snacks, etc, set up for us.




Along with the buyer's agents the crowed was intermingled with people looking at homes.  I met two women who were in another Valencia community nearby who explained they were just looking around.  They asked me why the brokers were at the community.  And then, the question on most people's mind, I'm sure: "why would we need a broker in a new community anyway?"

I just smiled politely and explained that they would probably want someone working on their behalf when purchasing a home.  The salespeople are very nice, but they work for the builder, I work for the buyer.  I explained the commission is baked into the price and it is being paid regardless.  If they are out of town, I will help buyers by taking pictures of the ongoing construction in each phase of build out.  I would help my customer select the extras that will add the most value to the home for re-sale, etc.

The reply from the two women was with a smile, "thanks, we were just curious, because we are just looking and not interested in leaving our current Valencia community." I have seen many of these communities, both new and in existence.  When customers tell me what they like, I can eliminate or tell them which communities are best suited for them.  I get verification whether we are on the correct track or not by setting up visits and getting feedback right on the spot.

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 Price Index: November 2013: US Price Increases Start To Cool, Florida Remains Hot

Case Shiller Housing Report showed the South Florida market increased 1.1% on a sequential basis in November 2013, while the US slowed by -0.1% during the same time.  On a year-over-year basis, South Florida's home prices were up 16.5% in November 2013, according to Case Shiller, and the US increased by about 13.7% during the same time.

The Case Shiller report noted, " Despite the slight decline (for the US), the (US composites) showed their best November performance since 2005.  The report seems to indicate that despite a somewhat soft sequential decline, the US market was the most aggressive in the month of November since 2005.

The report also noted prices continued to rise despite an increase in mortgage rates during May 2013.  Also, it was noted that mortgage applications were up as well.

Other areas of interest:

Nov-13	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	168.78	0.20%	9.80%
Chicago	125.87	-1.20%	11.00%
Miami	176.02	1.40%	16.50%
Minneapolis	139.05	0.00%	10.50%
New York	172.54	-0.40%	6.00%
Tampa	154.7	0.20%	15.70%
Composite 10	180.15	-0.10%	13.80%
Composite 20	165.8	-0.10%	13.70%
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

Case Shiller Price Index: October 2013: Florida's Home Prices Rebound Outpaces US in October 2013

The South Florida real estate market saw a 15.8% price increase in October 2013, over the previous year, according to the Case Shiller Housing Price Index.  On a sequential basis, the South Florida market was up 1.1% in October 2013, according to Case Shiller.
The US continued to show upside price appreciation of 0.2% on a sequential basis in October 2013 and 13.6% year-over-year price appreciation during the same time frame, according to Case Shiller.

I continue to see solid demand for homes in the South Florida market.  The Case Shiller report highlighted the South Florida market in its report: [the South Florida market's] "annual rate increased the most from 14.3% in September to 15.8% in October."

In regards to 2014, the Case Shiller report stated, "Most forecasts for home prices point to single digit growth in 2014."  The quote is referring to price appreciation for the US housing market in 2014.

Some areas of interest:

Oct-13	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	168.43	-0.30%	8.60%
Chicago	127.42	-0.50%	10.90%
Miami	173.63	1.10%	15.80%
Minneapolis	139.11	0.50%	11.30%
New York	173.23	0.00%	4.90%
Tampa	154.4	0.10%	15.20%
Composite 10	180.27	0.20%	13.60%
Composite 20	165.91	0.20%	13.60%
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