Newly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for August 2022. Read on to learn more about the real estate market in South Palm Beach County:

Summer 2022 has been a season of change for the U.S. real estate market. With housing affordability at a 33-year low, existing-home sales have continued to soften nationwide, falling 5.9% month-to-month and 20.9% year-over-year as of last measure, according to the National Association of REALTORS® (NAR). Pending home sales have also continued to decline, while new listings have steadily increased, with unsold inventory reaching 3.3 months’ supply at the start of August. The pullback in demand has been…

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Newly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for July 2022. Read on to learn more about the real estate market in South Palm Beach County:


The U.S. housing market has continued to cool, as rising mortgage rates and record-high sales prices have stifled affordability, weakening demand and pricing out a multitude of buyers. Nationally, median household income has failed to keep pace with increasing mortgage payments, with the costs of buying a home about 80% more expensive now than they were just three summers ago, according to the National Association of REALTORS® (NAR). As more and more prospective buyers find their home purchase plans…

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Newly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for June.  Read on to learn more about the real estate market in South Palm Beach County:

Rising inflation, soaring home prices, and increased mortgage interest rates have combined to cause a slowdown in the U.S. housing market. To help quell inflation, which reached 8.6% as of last measure in May, the Federal Reserve raised interest rates by three quarters of a percentage point in June, the largest interest rate hike since 1994. Higher prices, coupled with 30-year fixed mortgage rates approaching 6%, have exacerbated affordability challenges and rapidly cooled demand, with home sales and…

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April Market StatisticsNewly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for April 2022.  Read on to learn more about the real estate market in South Palm Beach County:

The average 30-year fixed rate mortgage exceeded 5% in April, the highest level since 2011, according to Freddie Mac. The recent surge in mortgage rates has reduced the pool of eligible buyers and has caused mortgage applications to decline, with a significant impact on refinance applications, which are down more than 70% compared to this time last year. As the rising costs of homeownership force many Americans to adjust their budgets, an increasing number of buyers are hoping to help offset the costs…

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September real estate market statisticsNewly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for September 2021.  Read on to learn more about the real estate market in South Palm Beach County:

Inventory problems persist as demand continues to far exceed supply of homes for sale. Real estate conditions depend upon both mortgage interest rates, which are slightly higher, and the number of available homes for sale, which continues to be extremely low.  Although some first time buyers might be giving up and sitting out the market, the demand amongst high-earners and second home buyers continues to push prices higher. 

New Listings decreased 13.1 percent for Single Family homes and 18.2…

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Newly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for July 2021.  Read on to learn more about the real estate market in South Palm Beach County:

The White House recently announced additional measures to help struggling homeowners avoid foreclosure as they exit forbearance, including loan modifications and payment reductions. Borrowers with federally backed mortgages can lock in lower interest rates and extend the length of their mortgages. For borrowers who can’t resume their monthly mortgage, HUD will offer lenders the ability to provide all eligible borrowers with a 25% principal and interest reduction. 

Local Market Summary

New…

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graphic of market statistics for May 2021Newly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for May 2021. Although much of the change year over year is distorted by the slow real estate market during the height of the pandemic in May 2020, it is still interesting to see the state of our current local market. Read on to learn more about the real estate market in South Palm Beach County:

Demand Continues to Outpace Supply

As the weather warms and pandemic restrictions ease across much of the country, the U.S. housing market shows little sign of cooling. Robust buyer demand, fueled by low mortgage rates, continues to outpace supply, which remains near historic lows. Nationwide,…

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JUST LISTED! 17615 FIELDBROOK CIRCLE E IN BOCA RATON

picture of front of 17615 Fieldbrook Circle E

You are going to love the spectacular lakefront sunset views from this home.

One of the finest homes in sought-after Fieldbrook Estates, this elegant single story home is perfect for the discerning buyer. Sitting on a prime 1+ acre lakefront lot with incredible long lake views, this custom home encompasses over 5500 square feet of air conditioned living space. This home has been impeccably maintained and tastefully updated. In addition to the 5 en-suite bedrooms, the flexible, sprawling floor plan includes a custom built home office, a play room, and optional 6th bedroom/ sitting room. Enjoy outdoor living with an oversized 50’x20’ pool and spa, an expansive patio, and a  huge property large…

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Newly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for March 2021. Read on to learn more about the real estate market in South Palm Beach County:

Demand continues to outpace Supply

Normal spring increases in sales activity, coupled with relaxing COVID-19 policies, created a very busy March real estate market as buyer demand continued largely unabated in the face of rising home prices and mortgage rates. Existing home seller and new construction activity continue to remain below levels necessary to bring the market back into balance, pointing to a busy and competitive buyer market in the coming months.

Local Market Summary

New Listings…

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I recently sold this new construction condo in downtown Boca. Tower 155 is a boutique condo building which was completed in 2020. Unit 1119 is a 2 bedroom, 2 bathroom 1,213 square foot condo with Italian porcelain flooring throughout, a modern white kitchen with high-gloss cabinets and quartz counters, and 10 foot ceilings. The high floor unit has an expanded balcony with panoramic views of the ocean and city. 

Kitchen from Unit 1119



Property Address: 155 E Boca Raton Rd, Unit 1119, Boca Raton, Florida 33432

Sale Price: $814,800

Sale Date: 3/17/2021

MLS #: RX-10631658

For more information on Tower 155 please contact me at 561.866.7584 or gloria@bocaexpert.com.


See all Tower 155 Condos for Sale:


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