Friday, May 24, 2019 / by Carl Gentile
May - Luxury Real Estate Numbers from April 2019
End of season here in the Palm Beaches usually comes around April 15th, but this year numbers showed different. We saw a 15% increase in number of homes sold from March to April, from 33 to 38 in our luxury market single family homes and a 38% increase from 32 to 44 sold in our luxury condominium category. The Palm Beaches continues to remain as a strong, growing market as people and companies continue to escape high tax states. Inventory continues to drop as a combined total of 14% down from March as season lasts longer and more individuals and families continue to homestead here in the Sunshine State.
Tuesday, April 16, 2019 / by Carl Gentile
Luxury Real Estate Market Update
The Palm Beaches - April 2019
March results are in and 2019 is off to a strong start. The number of sold properties has almost doubled since February along with the median sales price! Mortgage rates have settled from a shaky start in 2019 and are at industry low levels once again! Cheap money makes buying your dream home much more realistic! Although a drop in active inventory once again plays a factor in rising prices, as the simple premise of supply and demand comes into play for a third time over the past 12 months in price hikes.
As Florida continues to rise in popularity as a tax shelter and safe haven for individuals coming from high tax states, we continue to see on average close to 1,000 people per day moving to the Sunshine State! Buyers are feeling strong again, but the lack of quality inventory has caused a lengthy increase in days on market for the average property as overzealous sellers take time to come to sense on their pro ...
Sunday, March 17, 2019 / by Carl Gentile
Friday, February 1, 2019 / by Carl Gentile
Season is in full motion and every month is full of events taking place in Palm Beach County with something to do for anyone's enjoyment. From golf outings, to street festivals and outdoor events - there is always something taking place in the Palm Beaches!
February 4-10, 2019 - Old Course at Broken Sound, Boca Raton
The tournament name may have changed, but not the great golf action. Tee up for a great time at The Oasis Championship, formally known as The Boca Championship. Watch from the gallery or participate in the Pro-Am and play with a legend of the links. Participants will walk off the course with memories to last a lifetime.
Everglades Day Festival
February 9th - Loxahatchee National Wildlife Refugee, Boynton Beach
The Everglades Day Festival and eco-adventure is dedicated to having fun while learning in an ecosystem like no other. This free event will answer questions and possibly entice you to ask more about the “Glades” creatur ...
Friday, January 18, 2019 / by Carl Gentile
Season is here and the Palm Beach County real estate market is heating up. In an article recently published by Bloomberg, we are seeing more indivdiuals, especially in the luxury market, escaping high tax states and shifting towards the no-state income tax state of Florida. On average, 1,000 people PER DAY are moving to this beautiful slice of paradise. Let's take an in depth look at how the market has changed over the past month in the Palm Beaches.