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Real Estate Market is Changing Again

Written by Posted On Sunday, 04 August 2019 17:29
Real Estate Market is Changing Again

The Real Estate Market in South Florida is Changing Again

Six month ago I wrote how a buyer walked away from four homes, and the sellers all let her walk.  That doesn't seem to be the case now. 

In the past few months, we have not had much inventory hit the market, thereby causing a shortage of homes in many communities.   There is still a lot of new construction going on, but for resales not so much.  This does vary by community.  Do I think you should still take a buyer's agent to a builder?  Absolutely!  You can read why here.

In south Florida, especially in the Boca Raton, Delray Beach and Boynton Beach area, we are loaded with communities.  There are still homes on streets, but we have many gated communities.    We are the heart and soul of the 55+ communities in south Florida along with a lot of all-age communities.  

But, I digress.  In the past few months, there has been less inventory hitting the market despite low interest rates.  This has made it challenging for many buyers and sellers alike.  We are not in a seller's market - the market has sort of balanced out.  When a well-priced home hits the market, it sells.

Of course, we can say it's summertime in south Florida.  Many people head up north this time of year.  Or kids are going back to school.  But more people are moving here full time for tax reasons, among other reasons.  

I'm watching it.  I do monthly market reports for all these cities, which you can see at the bottom of this page.  I haven't done July yet but I will.  

The only thing I have noticed is more inventory at the beach - Boca, Delray and Highland Beach.   But, hey, even if the beach goes down a bit, it always comes back.  There is just so much waterfront property around.  

All in all, I think the market is more balanced.  Interest rates took another cut.  New home prices are rising.  You can still get a good deal on a resale.  

If you have any questions about gated communities in Boca Raton, Delray Beach, Boynton Beach, FL or the surrounding areas in south Florida, please contact me.  I can be reached by cell/text at (561) 716-7824 or email at This email address is being protected from spambots. You need JavaScript enabled to view it..

 

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    Elyse Berman, PA

    When you’re moving to Boca Raton, Delray Beach, Boynton Beach or Highland Beach with furry family members, you need to work with an experienced, caring and committed REALTOR® who understands the challenges you face as a pet parent. You need Elyse Berman. After growing up in New York and working as a Court Reporter in a fast-paced judicial system, Elyse moved to Boca Raton in 1994. Her goal: to be close to the beach. With three kids and two dogs, her family settled in a pet-friendly gated community – but when the kids grew up and moved out, she decided it was time to live like she was on vacation every day in a place right on the beach. However, Elyse quickly learned that not all beachfront properties in Boca Raton, Delray Beach and Highland Beach are pet friendly. Some have confusing pet rules that change frequently – and some claim to be pet friendly but only allow birds and fish. Elyse’s addiction to research, fueled by her love of real estate, the law and her dogs, helped her discover her passion for helping people find pet-friendly homes in Boca Raton and the surrounding communities. (You can learn more about how and why Elyse became Boca Raton’s premier pet-friendly REALTOR here.) With an ever-evolving list of which condominiums and communities are pet friendly (as well as what restrictions they currently impose on buyers), Elyse is ready to help you find the perfect place to live in Boca Raton, Delray Beach, Boynton Beach or Highland Beach. Her extensive knowledge of the local real estate market dates back to 1994; she’s seen new communities spring up, watched old communities become revitalized, and kept an eye on all the complexes, neighborhoods and subdivisions in the area for years. Call Elyse (561) 716-7824 Email Elyse Elyse@ElyseBerman.com She’s with you every step of the way, from your first tour of a home to closing (and beyond.) In fact, she stays in touch with many of the people whose homes she helped find – and she’s even sold those same homes decades later. She truly wants her clients to be happy, so she answers her phone and will never pass you off to a team member. Having made a cross-country move herself with a husband, three kids, two dogs and a business to run, Elyse knows all about the challenges you’re facing – and she can help you find a pet-friendly gated community in Boca Raton, a pet-friendly condo, a pet-friendly 55+ active adult community or anything else you’re looking for. Elyse loves dogs (well, all pets, actually) – and she makes it her business to keep up with the communities that accept furry family members. She personally wouldn’t move anywhere that wouldn’t allow her pets, and she won’t expect you to, either. She’ll never ask you to get rid of a pet or waste your time; she really understands what it’s like to have to find a place that’s suitable for all members of the family. No pets? No problem – Elyse also understands people who want to live in pet-free condos and neighborhoods. She can help you pinpoint all the best places to live. Elyse currently volunteers her time on the Professional Standards Committee (after having served on the Grievance Committee) for the Board of Realtors®, where she continues to learn. Serving on these committees is a lot like court reporting, which is why she loves it. Additionally, in order to better serve her clients, Elyse has attained the following designations along with membership in the following organizations: CRS – Council of Residential Specialists ABR – Accredited Buyer’s Representative GRI – Graduate Realtor’s Institute E-Pro – Internet Certified – Technology Certification Program C2EX – REALTORS® Commitment to Excellence Member National Association of REALTORS® Member Florida Realtors® Member Broward, Palm Beach & St. Lucie Realtors® 2018 – 2020 – Grievance Committee – Broward, Palm Beach & St. Lucie Realtors® 2021 – Present – Professional Standards – Broward, Palm Beach & St. Lucie Realtors®

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