What Is Happening In Mission Bay Boca Raton?

Homes for sale in Mission Bay continue to hover around the mid-teen levels.

Prior to the impact of the Coronavirus, there was a good balance between supply and demand. 

I continue to monitor the market for Mission Bay homes in Boca Raton.  I have a lot of data on the community.

Whether selling or buying, I will help you through the process, which has gotten even more challenging because of Covid-19. 

Home sales transactions continue to take place.  So, give me a call to discuss your situation : 561-247-3550

Michael Friedman
Realtor, CDPE Lang Realty
Cell: 561-247-3550

Case Shiller Home Price Index: April 2015: South Florida Home Prices Beat US Increase- Is Now A Good Time To Sell My Home In Delray Beach

The Case Shiller Home Price Index indicates US home prices rose by almost 5.0% in April 2015 over April 2014.  We measure this by utilizing the Case Shiller 10- City Composite and the 20- City Composite.

In comparison to the US, South Florida home prices increased by 8.5% in April 2015 on a year-over-year basis, according to Case Shiller Index.

Sequentially, the South Florida market home price increased by 0.9%, approximately 10 basis points below the US as indicated by the Case Shiller 10- and 20- City Composite.

The US housing market price was similar to prices during autumn 2004, according the Case Shiller Index.  US home prices remain at about 14% to 16% below the June/July 2006 peak, according to the Case Shiller Index.  When measuring from the March 2012 low, US home prices have appreciated by about 31% to 32%.

Other areas of interest:

Apr-15	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	176.69	0.30%	1.80%
Chicago	129.15	1.10%	2.50%
Miami	198.51	0.90%	8.50%
Minneapolis	142.78	1.20%	3.20%
New York	175.5	0.50%	2.80%
Tampa	168.48	0.80%	7.60%
Composite 10	191.8	1.00%	4.60%
Composite 20	177.01	1.10%	4.90%
Source:
S&P Indices
Firserv

If you are selling your home in the Delray Beach area, indications are it could be a favorable time.  Please contact me on my cell phone at 561-247-3550 for more information.



I take an analytical approach to buying, selling and leasing real estate.  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

South Florida Home Price Increasing Faster Than Most: Case-Shiller Index April 2013

The South Florida real estate market saw prices increase by 13.0% in April 2013 over April 2012.  The average US market was about 12.0% on a year over year basis in April 2013.  On a sequential basis, prices were up 2.4% for the South Florida market in April 2013, which was about in line with the national average.

Language in the Case-Shiller report indicated rising mortgage rates will not interfere with the housing rebound.  The report talked about consumers shifting to an adjustable mortgage and away from fixed mortgages in times of rising rates.  The report also alluded to the fact that some banks are easing credit restrictions.

I tend to agree, but for different reasoning.  During the next six months (i.e., until the end of the year), I suspect those who were thinking of purchasing a home will jump in before mortgage rates climb higher.  This will inflate the short term units sold as well as help to push up prices as more demand enters the market.  However, the longer-term effects of rising rates are more cloudy, in my opinion.

Some of the other areas of interest:

Apr-13	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	159.14	2.20%	8.10%
Chicago	113.69	2.70%	9.30%
Miami	159.65	2.40%	13.00%
Minneapolis	126.81	2.90%	14.80%
New York	163.05	1.10%	3.20%
Tampa	142.1	1.70%	11.30%
Composite 10	165.63	2.60%	11.60%
Composite 20	152.37	2.50%	12.10%
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 Home Price Index: April 2012: Pricing Decling Seems To Be Slowing: Homes For Sale: Homes For Rent

The Case-Shiller Home Price Index seems to be showing a deceleration of year-over-year price declines.  The Index shows a year-over-year reduction in pricing of 2.2% in April 2012, which compares with a 2.7% decrease for March.  The sequential pricing saw another relatively flat comparison for April 2012, which was in-line with the results for March 2012.

The S&P Chairman commented that April 2012 "finally showed some rising home prices."  The South Florida market actually saw prices increase by 3.2% on a year-over-year basis in April 2012 and by 0.9% sequentially.



Some areas of interest:

Apr-12	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	147.19	0.90%	0.10%
Chicago	103.92	1.10%	-5.60%
Miami	141.33	0.90%	3.20%
Minneapolis	109.84	0.50%	3.80%
New York	157.74	0.10%	-3.80%
Tampa	127.46	1.90%	0.80%
Composite 10	148.4	1.30%	-2.20%
Composite 20	135.8	1.30%	-1.90%
Source:
S&P Indices
Firserv

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

http://MYsouthFLrealestate.com

Referrals are appreciated and welcomed.


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 Index: April 2011: Slight Sequential Uptick In Prices; YOY Down Trend Continues: Homes For Sale: Homes For Rent

Case Shiller Housing Index continues to show weakness in the US. One positive is a slight sequential increase in April 2011 over March 2011; however, this was less than 1.0% price increase.

In April 2011 the year-over-year price decrease was 5.6% in the Miami region (South Florida) versus the national average reduction of around 3.5%, according to the Case Shiller Index. The Tampa area showed greater weakness with an annual decrease of 7.7% in April 2011.

The postive sequential trend alluded to earlier might be the start of a positive trend in the US housing market. However, it is only one month and a relatively weak sequential move to the upside.

The South Florida market continues to be plagued by heightened levels of unemployment, higher than usual levels of distressed properties along with the general economic uncertainty of recent months. Tighter lending practices, tougher appraisals and economic uncertainty seem to be discouraging those who are seeking financing. The recent "soft patch" in the national economy seems to be making some cash buyers or those who will use limited financing take a longer look. The lenders and buyers seem to be waiting for an indication as to which way the US economy is headed at the moment.

Some other areas of the nation that we focus on are listed below:

Case-Shiller Housing Index:

April 2011 April/March March/ February
Metropolitan Area Level Change (%) Change (%) 1-Year Change (%)

Boston 147.07 -0.2% -1.7% -4.2%

Chicago 110.12 -0.4% -2.4% -8.6%

Miami 136.99 -0.2% -0.8% -5.6%

Minneapolis 106.07 0.4% -3.7% -11.1%

New York 164.17 0.8% -1.0% -2.8%

Tampa 126.47 -0.4% -0.5% -7.7%

Composite-10 152.51 0.8% -0.8% -3.1%

Composite-20 138.84 0.7% -0.9% -4.0%

As a local Relator, I am aware of the trends in the US market as well as in many of the communities in which I specialize. If you are thinking of selling or buying a home, please feel free to contact me.

If you are thinking of selling or buying a home, or require more information, please to text me or call me at 561-247-3550.


Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550

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