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Delray Beach Florida is the perfect combination of sun, fun, relaxation, good food and good times. People come here to restore and cherish the azure waters, the night life and its beautiful people. Delray can be described as cool and calm, beachy yet sophisticated. With all it has to offer, properties within the city of Delray Beach are in high demand. If you want to live here, you have to act fast. Delray Beach real estate is a hot commodity!

It is easy to fall in love with the beauty and no-fuss attitude of this city, which is probably why you are searching for Delray Beach properties.

If you’re looking for the perfect Delray Beach homes for sale or a Delray Beach rental, you’ve come to the right place!

See all of Florida’s Best Realty’s listings, below. And call us. We’ll find you a Delray Beach home.

 

Florida’s Best Realty

(561) 208-1382

 


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We Are Top Palm Beach Realtors!

Florida’s Best ranked 13th Top Palm Beach Producer, September 2012

Looking for reliable Palm Beach realtors? Look no further than us.

Here’s a fun fact: in the September 2012 TrendGraphix Top Producers report, Florida’s Best Realty Services ranked 13th place out of 50 Palm Beach County brokers.

 

 

 

We’re top Palm Beach realtors, and we’re ready to service you.

Call 561-208-1382 or email info@floridasbestrealty.com now to find out how we can help you find a new home, condo or apartment or sell your current one.

NOTE: If you’d like a .pdf version of the entire Sept. 2012 report, please contact us.

Let’s connect.

 

 

Is the Florida Housing Market Bubbling?

Housing Market: Bubble Trouble?

 

Here we go again. As prices rise, so do concerns. Here’s why:

Historically, stable market prices generally rise three to four percent every year. In 2002, prices were rising around 7 percent, which grew to 8 percent in 2004, then exploded to 12 percent in 2005. As we all know, by 2007, prices fell throughout the nation. This was the first time in our history that this happened.

According to a report by CoreLogic, prices are now skyrocketing back up, with home prices growing around 8 percent since this past December.

Florida has a lot of activity in its distressed home market. Investors can’t seem to buy them fast enough, and their increasing demand is hiking up the prices. Most have a lot of liquidity and are eager to take advantage of increased demand for rental properties. As the market recovers, it relies heavily on metropolitan areas in Florida as they have led recovery in the past (2011), but we’re not seeing exponential spikes in home prices, though they definitely are increasing.

Our state’s market is experiencing a slow, steady increase in prices and it is expected to have more homes in the inventory as foreclosures open up again. Foreclosures were at a bit of standstill due to the “robo-signing” committed by banks, but are now being cleared and pushing through.  The more homes available, the more even the supply-demand and gradual increase of home prices.

But is Florida’s housing market showing risks of a bubble?

Florida’s housing market is currently occupied by:

  • Confident consumers that have regained financial stability because of bettering employment rates
  • Investors who are likely to prefer to profit now than wait for the market to stabilize and rent the properties they’ve acquired (flip). What’s more, these investors are yet again leading the sales.
  • Potential buyers who are eager to move, and therefore, list their homes
The market can go either way from here. Prices impact sales, which lately aren’t strong. Most experts are predicting prices will increase this year, but prices can either go up where the market or down where the market is struggling if sales do not increase.

How We Compare to Other Markets:

States that have prices in double digits because of investor demand and drying up inventories include Arizona, Nevada and California.

Phoenix home prices are up 26%, and “REO Saturation” (the share of sales that is Real Estate Owned, or foreclosed) is at 17 percent. During the crash, it was around 50.

In Las Vegas, REO Saturation is at 38% and prices are up 15% annually. With the supply drying up, the bidding is getting higher, leaving owner-occupants and first-time home buyers out of luck and options.

 

Signature Penthouse for Sale in Boca Raton, FL

Resort-Style Living that Only Gets Better.

Don’t wait. Contact Florida’s Best Realty about this immediately.  Only six residences in this stunning, luxurious community remain.

 

This penthouse is in one of the most unique and beautiful locations in the world, let alone in South Florida.

Click here to view more details.

 

Contact Florida’s Best Realty and claim this escape today.  561-208-1382

 

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