September Sales and October Dreams
The real estate market is performing beyond expectations. As of September 26, 2020, existing and new home sales reached their highest levels since 2006, according to Realtor.com.
What’s motivating today’s buyers and sellers?
- Mortgage rates at historic lows. As of 9/26/20, the 30 year fixed rate crept up just above 3% but the 20-, 15-, and 10-year fixed-rate still remain below 3%.
- Inventory is low. While the pandemic generated huge buyer demand, sellers were reluctant. About 400,000 fewer homes have been listed for sale since the start of the pandemic, according to Realtor.com. Buyers are in bidding wars, and prices are going up.
- The stay-at-home culture changed housing needs, creating a boon in Florida. As buyers discover they may not need to commute to an office for some time to come, they’re ready for more space, better weather, and the bonus of income tax freedom that Florida living provides.
Learn More about The State of the Market
Scooped up in September
Sales and under contract highlights include:
Just Sold
365 SE 6th Ave, #406 Delray Beach
A sleek, modern, and spacious corner penthouse near the Intracoastal. This 1/1 meticulously remodeled Meridian Delray condo is just three blocks from world-famous Atlantic Avenue restaurants, culture, nightlife & beaches.
8095 Baltic Amber Rd Delray Beach
Waterfront 4/3 home on the best lot in Tuscany Lake. Gorgeous wide plank wood-look floors throughout, stunning kitchen, beautiful master bedroom suite & covered patio with extended pavers overlooking the lake.
20777 Soneto Dr Boca Raton
Charming 4/2 home in one of Boca's most central neighborhoods. Updated kitchen, baths, windows & doors. Near Town Center Mall, places of worship, museums, universities, beach. Great schools.
21731 Arriba Real, 27-E Boca Raton
Magnificent water views from this tastefully updated & spacious 2/2 condo at The Glades, a gated subdivision of Boca Lago. Kitchen w/newer appliances & custom bar. En suite master with lake views. Enclosed porch & W/D.
7220 Montrico Dr Boca Raton
Furnished and move-in ready 5 bed/5 bath lakefront residence with a great split floor plan.
11808 Windy Forest Way Boca Raton
A 5/6 new construction home in the new community Berkeley with gourmet kitchen and stainless steel appliances.
Under Contract
720 St. Albans Drive Boca Raton
Charming two-story, 3/2.5 townhome with 2-car garage. Located in meticulously cared-for neighborhood with resort-style amenities. In heart of Boca with a great HOA & schools.
3307 NW 27th Terr Boca Raton
Light & bright, 3/2 pool home zoned for: Calusa Elementary, Omni Middle & Spanish River High.
Onward & Upward in October
If you or someone you know is looking for the best of everything a South Florida property can provide, these outstanding opportunities are available right now. Let me take you on an in-person tour or a virtual walkthrough.
For Sale
7101 Lemon Grass Dr., Parkland
5 Beds | 6.5 Baths | 4-Car Garage | 7,199 Sq. Ft. | $3,995,000
Customize NOW! A contemporary pool home at the Parkland Golf & Country Club ready to be built to suit. Quiet cul-de-sac street. Dining room, theater or office/club room, and open kitchen with family & breakfast area. Pool & cabana bath, covered outdoor patio.
475 E Royal Palm Road, #906, Boca Raton
4 Beds | 4.5 Baths | 2,966 Sq Ft. | 2 Garage Spaces | $3,261,400
A quiet sanctuary at the NEW Royal Palm Residences. Breathtaking 270-degree water views. Top-of-the-line appliances. Built-in gas grill on terrace. Wellness plaza on site. Steps to the best beaches, restaurants, shopping. Adjacent to planned 6-acre waterfront park.
550 SE 5th Ave., #304S, Boca Raton
4 Beds | 5.5 Baths | 5,222 Sq. Ft. | $3,495,000
Unobstructed Intracoastal, ocean, and Lake Boca Raton views from this luxuriously appointed & updated condo. Located in the full-service Mizner Grand on the grounds of the Boca Raton Resort & Club. Featured in ''Sun Country Elegant” for its French country kitchen.
For Rent or For Sale
500 NE Wavecrest Way, Boca Raton
3 Beds | 3.5 Baths |2,517 Sq. Ft. | 2 Garage Spaces
Brand new beachside luxury, two-story townhome steps to the beach, Intracoastal, restaurants, shops, and boat launch. No HOA. All three bedrooms are en suite and upstairs.
Buy for $1,525,000 or Rent for $9,000 per month