Latest Real Estate Update for Palm Beach County

Lisa Treu, top real estate agent and Brian Mudd, host on WJNO share the latest real estate statistics for Palm Beach County single family home. Overall the homes that went under contract are down and the homes listed for sale have increased year over year. The Palm Beach County real estate market is very local with areas and price ranges that are experiencing two different real estate markets. The price range of $600,000 and over are a buyers market. There are 22 months of inventory for homes over $1,000,000. There are always opportunities int the real estate market and ways to handle a buyer or seller's market.

How Is the International Market Affecting South Florida Real Estate?

If you’re a home seller in South Florida, we can help you

understand how the international market is going to affect you.

South Florida is a destination spot for many international homebuyers, but which two countries will affect the real estate market the most?

The biggest impact will come from our neighbors to the east, China. China is planning on investing $21 billion outside of their country over the next few years, and a decent amount of that will be poured into the South Florida market. Not only is South Florida attractive for its stability and opportunity, but our rental market is incredibly strong, making the area very attractive to Chinese buyers.

Canada will be the other country impacting our market trends. Over the past few years, Canadians have been a huge influence on the South Florida real estate market. However, we currently have a currency issue. Because the U.S. dollar is so strong right now, Canadians have to pay 25% more to make the same purchase they would have made a few years ago.

“

We know how to market
your property to international buyers.

”

It’s very important that South Florida home sellers are in the know when it comes to the international market. We make sure our clients’ properties are put right in front of international buyers by using our customized marketing approach. We know who the buyers are, where they are located, and how to get your property in front of them.

We are also introducing a new game called “Where’s Lisa?” I will be at different locations in South Florida in our videos, and the first person to guess where I am wins a prize. Simply reply to this email with your answer, or go to our Facebook or Twitter page with your answer followed by #TreuGroupContest. Here are your hints:

1. Behind me is the Intercoastal waterway.
2. From this location you can get onto something and go see beautiful homes with holiday lights.
3. It’s perfect for people of all ages.

If you think you know where I am, don’t forget to reply to this email or go to our Facebook or Twitter page with your answer followed by #TreuGroupContest. In the meantime, if you have any other questions feel free to give us a call or send us an email!

3 Great Opportunities in Palm Beach Real Estate

The current Palm Beach real estate market has three amazing opportunities for buyers, sellers, and investors. I will go over each of them today.

There are opportunities all around us, and today, I want to share the three biggest opportunities available in the current Palm Beach real estate market.

1. For the move-up buyers: If you have a home in the $300,000 to $400,000 price range, now is the time for you to move up into that dream home. You have the unique opportunity to sell your home at top dollar and then move up into a less competitive price range. Not only will you have more homes to choose from, you may also get a better deal!

2. For the investors: I have a list of really great deals. Many of these happen to be foreclosure properties. These properties range from $200,000 all the way up to the luxury market, so there is truly a deal for everyone. To help make it easier for you, we are starting a VIP Investor Program that our clients can use free of charge. To sign up, click here.

“

Now is a great time to sell for top dollar and move up into a less competitive market.

”

3. For the sellers: If you have a home to sell and your home is priced at or below $500,000, you can get multiple offers on your home and sell for over asking price. We have also been negotiating great terms for sellers in this price range. You can get post-occupancy agreements and a lot of other perks that you couldn’t get under other market conditions.

No matter which opportunity you choose, we always want to help you get that competitive advantage in the real estate market. If you have any questions about buying, selling, or investing in a home, just give us a call or send us an email. We would be happy to help you!

What’s Happening in Palm Beach County Real Estate?

Buying a home? Click here to perform full home search 
Selling a home? Click here for a FREE Home Price Evaluation 
Call me at (561) 352-3056 for a FREE home buying or selling consultation

How do the latest real estate statistics impact your home value? Today, I’ll go over some interesting information from the Palm Beach County real estate market. 

First of all, I want to show you the hottest market in Palm Beach County. The number one zip code for home sales is 33411. The people in Royal Palm are pleased with that. Last month, they had 99 closed home sales.

The top five markets are all Western Communities. These include cities like Palm Beach Gardens, Wellington, Lake Worth, and Boynton Beach, zip code 33437. Boynton Beach is an ideal area for seasonal guests.

Statistics also reveal the number of days on market is down year over year. However, that number has increased in the last couple of months. If you’re thinking about selling, it may take you a little bit longer to get that contract, so we need to talk about when the ideal time would be to list your property.

Inventory is growing. We’re still in a seller’s market overall, and some areas are in a very hot seller’s market. However, inventory is going up. The luxury market in particular is definitely seeing more and more homes come on the market. 

That said, 24 zip codes in Palm Beach County did not have a single sale last month. Not one condo, single-family home, or villa sold. There are really two different markets here in Palm Beach County. 

Now more than ever, real estate is incredibly local. To find out if you’re in a hot market or a cool market, just give me a call. I’m here to help. I look forward to hearing from you!

Click here to view the full Palm Beach County statistics for January 2016.
Click here to view the local market update for January 2016.