CALL or TEXT (561)827-2952

Menu

Posts Tagged ‘home value’

Shortage of homes. Increase in jobs.

07/22/2015

Buyers Searching Homes Short of InventoryIn June 2015, real estate prices reached record highs as buyers saw a shortage of inventory. 

The National Association of Realtors said sales of existing homes climbed 3.2 percent last month. Home sales increased 9.6 percent the past 12 months while number of active listings increased by 0.4%.

Median home prices climbed 6.5 percent over the past 12 months to $236,400, the highest level reported by the Realtors not adjusted for inflation.

Home-buying has recently surged as more buyers are flooding into the real estate market. High demand has not attracted more sellers into the market, causing tight inventories and increasing prices.

Only 5 months’ supply of homes were for sale in June, compared to 5.5 months a year ago and 6 months in a healthy market. Some areas are barely adding any new real estate listings. 

Average properties sold in only 34 days in June. Limited supplies could slow sales in the next few months.

Rising home values are stretching the budgets of first-time buyers and owners looking to upgrade. As homes become less affordable, the current demand will likely taper off.

The job market was thriving in 2014 when 3.1 million jobs were added and on pace to add 2.5 million jobs in 2015. 

Average 30-year fixed rates were 4.09 percent last week, according to the mortgage giant Freddie Mac. The average has risen from a 52-week low of 3.59 percent.

*Sources NAR and Associated Press (AP)

MIRASOL COUNTRY CLUB

Country Club at Mirasol - clubhouse and golf resort spa pool

Mirasol Country Club – Newer luxury resort style golf and tennis country club community just off PGA Boulevard with 1,170 Mediterranean style homes and estates. Country Club at Mirasol Palm Beach Gardens FL offers homes for sale and for rent.

MIRASOL Homes for Sale / MIRASOL Florida Homes for Rent
PALM BEACH GARDENS Rentals

Mirasol Florida Golf Club – Offers 36 championship holes.

The Sunset Course – Designed by Arthur Hills and Tom Fazio.
Par 72. Slope 144. Rating 75.2. Length 7,192 yards.
The Sunrise Course – Designed by Arthur Hills and Tom Fazio.
Par 72. Slope 142. Rating 76. Length 7,332 yards.

Country Club at Mirasol – The aerial image shows The Grand Clubhouse, with golf pro shop, card rooms, lounges  & indoor and outdoor dining rooms, overlooking the magnificent resort style pool, groomed meandering fairways and 15 har tru clay tennis courts. Next door is the Esplanade Sports & Fitness Center with fitness center, steam rooms and outdoor swimming pool.


Custom Luxury Home Builders
 – There are 1,170 Mediterranean estate homes designed by luxury developer Taylor Woodrow in this ‘Golfer’s Mecca’ – Palm Beach Gardens – home of the PGA. Builders include Casto Homes, Courchene Development, Frankel Custom Estates, Mustapick, Pinetree Homes and Taylor Morrison.

 

Subdivisions – Andalusia, Capri, Capri, Esperanza, Esperanza, Magdalena, Olivera, Palacio, Paradisio, Playa Rienta, Porto Vecchio, Quantera, Riviera, San Remo, Siesta, Tranquilla, Tranquilla, Via Verde, Villa Vasari, Villa Vizcaya & Vizcaya

 

Mirabella at Mirasol – Homes for sale $350,000’s – $650,000’s.
Neighboring gated community with superb clubhouse without mandatory club membership of the country club.

Mirasol HOA – Official Website         HOA Fees – Mandatory $1,400 – $2,300 / quarter
HOA Fee includes – Common area maintenance, basic cable & man-gated security
Subdivision– Golf course, driving range, tennis, club house, resort, pool, spa, exercise room & sidewalks

Mirasol Golf Club Membership -Mandatory. Inquire directly for current rates.

Golf Membership – $130,000 (80% equity) + $15,600 annual dues
Sports Membership – $90,000 (80% equity) + $9,360 annual dues
Social Membership – $60,000 (80% equity) + $3,895 annual dues

Public Schools – Marsh Pointe Elementary, Watson Duncan Middle & William Dwyer High School

Location – Mirasol Florida – 10 min west of PGA Blvd I-95 Exit #79.

10 min – Shopping – Downtown at The Gardens, The Gardens Mall, Midtown & Legacy Place.
15 min – Jupiter, Singer Island & Juno Beach diningparks & beaches.
15 min – Palm Beach International Raceway & Moroso Motorsports Park.
20 min – City Place, Kravis Center & Palm Beach International Airport (PBI).
1 hr – Ft Lauderdale – Hollywood International Airport (FLL)
90 min – Miami International Airport (MIA)

REQUEST  – Email UpdatesHome Valuation or Call (561) 827-2952
** Details are subject to errors and may change at any time without notice.**

2012 Palm Beach Real Estate Report

2012 Real Estate Report Palm Beach County by RAPB

The 2012 Palm Beach Florida Residential Real Estate Housing Market Report showed that sellers sold their homes selling price was averaged 90% of the asking price or listing price. In 2012, most foreclosures had multiple offers and sold above asking price.

View Full Report of 2012 Palm Beach County Housing Market
REQUEST A FREE CMA HOME VALUE / SIGN UP FOR EMAIL UPDATES

2012 Jupiter Florida Real Estate Market

JUPITER FLORIDA REAL ESTATE MARKET 2012

New homes listed: Increased 28.7%Closed sales: Increased 42.7%Median sales price: Increased 26.8%.
Days on the market: Reduced 21.8%. Inventory: Reduced 36.5%.

Request the fair market value for your home.

Contact me for a consultation & analysis of your home’s fair market value and CMA.
Call (561) 827-2952

REAL ESTATE MARKET UPDATES
Hobe Sound / Juno Beach / Jupiter / Palm Beach Gardens /  Palm Beach County / Tequesta

2012 Palm Beach Real Estate

Real Estate Market News Release is Very Optimistic!

PALM BEACH REAL ESTATE MARKET

New homes listed: Increased 7.3%. Closed sales: Increased 6.6%. Median sales price: Increased 24%.
Days on the market: Reduced 14.6% Inventory: Reduced 42%

Request the fair market value of your home.

Contact me for a consultation & analysis of your home’s fair market value.
Call (561) 827-2952

REAL ESTATE MARKET UPDATES –
Hobe Sound / Juno Beach / Jupiter / Palm Beach Gardens /  Palm Beach County / Tequesta

2012 Palm Beach Gardens Real Estate

PALM BEACH GARDENS REAL ESTATE

New homes listed: Increased 24.9%. Closed sales: Increased 37.1%. Median sales price: Increased 7.7%.
Days on the market: Reduced 25.4%. Inventory: Reduced 40.8%.

Contact me for a consultation & analysis of your home’s fair market value.
Call (561) 827-2952

REAL ESTATE MARKET UPDATES –
Hobe Sound / Juno Beach / Jupiter / Palm Beach Gardens /  Palm Beach County / Tequesta