January 31, 2018

Broward County December Real Estate Stats

 

 

 

Broward County Closed Sales Month To Month (Single Family Homes)

 

 

As you can see most months show a decline in the amount of closed sales year over year. This indicates a slowing down of the real estate market in Broward County. Inventory, however, remains low, which is why we are seeing an increase in the median sales price year over year, (as seen in the graph below).

 

 

Broward County Market Report (Single Family Homes) - Through August 2017

 

 

 Broward County Closed Sales (Single Family Homes) Through July 2017

Looks like this is the first year since 2013 that closed homes sales have not increased year over year.

Broward County Median Sales Price (Single Family Homes) Through July 2017

Median Home prices continue to increase even though the number of sales have decreased. Why is that you ask? Well, with the supply of inventory still below 4 months and mortgage rates still hovering around 4%, we continue to find ourselves in a seller's market

 

Broward Months Supply Of Inventory (Single Family Homes) Through July 2017

Months of supply of inventory indicates that we are still in a Seller's market. A normal market is considered around 5-6 months of inventory.  Anything over that is considered a buyers market and anything less is considered a seller's market. 

 

August 25, 2017 - Jumbo loans get less expensive

 

The interest rate for jumbo loans – those greater than $421,100 – dropped five basis points last week, averaging 3.99 percent for the week. That is now 13 basis points lower than the conforming rate, which is the largest spread between jumbo rates and the conforming rate since March 2016, according to the Mortgage Bankers Association (MBA).

Read More...

BROWARD COUNTY CLOSED SALES - Single Family Homes

Above is the latest chart for closed sales in Broward County.  This past January saw the least amount of closings in three years if not more. Already closing for March at our own title company are below what they were last year. Hopefully the number of closings will rise now that we are past the slowest time of the year, which is typically during the fall and winter months, as indicated above.

HAPPY NEW YEAR!

Well it's that time of year, when buyers and sellers come out of the woodwork looking to start their home buying and/or selling process. Closings at our title company are better than last year, but still the slowest month since September. January, however, is typically the slowest month of the year, (see graph below). This is mostly due to the holidays, as people wait until the new year to get their real estate ball rolling. Hence the new home for sale in Parkland that I just listed.  Not too mention the condo I just I went under contract on in Miami Beach. Also, I got a call from a couple looking to buy a home in Parkland, and finally I got a call from a good friend whose asked me to list his home for sale in Boca Raton. Overall this is a good sign for the real estate market and hopefully will continue.

     Lets start with the good news.  Property values are up year over year, however bad news is Pending Sales are down.  The market has slowed, which is typical for this time of year. In Parkland, Florida where I live, there has been over a 50% drop in sales from September (58) to October (26).  If your house is still on the market, then you may now have to wait until January before buyers come back out of the woodwork. Good news for sellers is that inventory is low, even less than a year ago.  Bad news for buyers, inventory is low, which usually keep prices up.  

     More bad news for buyers and sellers, rising interest rates can spell trouble for home values and affordability, which ultimately can be good news for buyers as property values may be effected downward due to said buyer's affordability. Bad news for sellers? You guessed  it. Property values may come down due to the buyer's mortgage affordability, which reduces the seller's equity. More bad news, rising interest rates will also affect credit card payments and other lines of credit. That's bad news for all of us as the cost of living increases.  Rising interest rates may also slow the recent refinance market, which is especially bad new for my title company, A-1 Title & Escrow.

     Lastly, the good news is that Thanksgiving and the rest of the holidays are around the corner.  Before you know it, it will be January, which is thawing season for the South Florida real estate market! Did you get all that? Have questions? Then call me, Aaron Glassman, at 954.326.2663 for answers!

Now that fall has begun and the summer selling season is behind us, what happens next?  How is the real estatemarket effected by the kids going back to school? To figure this out we can go back to the basics and the fundamentals of real estate.  Simply put we can look at the numbers, especially inventory and mortgage rates. 

Yes, it’s true the activity tends to slow down this time of year, but so does the amount of new homes listed for sale on the MLS. Currently inventory for single family homes is lower than 5 months, which typically indicates a seller’s market.  Another important number to look at is, of course, interest rates. With rates still historically low, this gives buyers more purchasing power and in turn drives homes prices higher. A lot too depends on price point.  Some areas of the market, especially homes $500,000 and under, are moving rather quickly, as opposed to the higher priced market where homes tend to sit a little longer.

So to me, the big question is what will happen to interest rates? This is probably the most difficult variable to predict. The market goes up and down based on the time of year, so that’s much easier to figure out, however, no one knows what to expect from the federal government. I’ve heard predictions ranging from the fed eventually raising rates to protect against inflation, to the fed preparing for negative interest rates in the future.  I’m confident the election will have something to do with which direction we’ll go but good luck trying to predict that.

So for now, we’ll’ just go with what we know.

We know that the market has been climbing for the past 5 years, since 2011, which turned out to be the bottom of the market.  Market cycles typically fluctuate every seven years.  We also know that the market crashed in 2008.  So then if we know these things, we can safely say that the current cycle is anywhere from 5-8 years old. Which basically means that the market may be topping out. Hopefully home values won’t come crashing down, but rather come in for a safe landing instead.     

We also know that this time of year, too, is when we tend to see downward pressure on prices.  Homes that were priced with the idea that values would still go up and did not sell, will now be faced with a declining a market and price reductions.  It’s just part of the cycle. (See Graphs Below)

SOUTH FLORIDA STATS PAST FIVE YEARS

What you need to think about as a seller, is where does the market typically go from here.  If, typically, prices fall this time of year, then don’t list your house for sale expecting them to rise.  Unless your house is in excellent condition, with updated baths and kitchen, you should expect to be on the bottom end of the pricing spectrum.  The better the condition the quicker the sale. If your home is not updated, then setting the right price is key. Read my blog below, “Tale of Two Markets”, for more info on this.

Also, if you have a condo for sale, well, there is where you may find a stall.  Especially around the beaches and in the downtown Miami area. This is because we know that the foreign market has weakened. Between the Canadian dollar losing ground, Brexit, and the hardship of the South American buyer, condo inventory is way up, making it more of a buyer’s market. (See Chart Below)

SOUTH FLORIDA CONDO STATS

Now, looking ahead at the market that’s not part of the cyclical trend, we also can see a few head winds on the horizon. We know that there is going to be a series of HELOC (Home Equity Line of Credit) loans coming due.  This may put added financial stress on some borrowers to pay their revised mortgage payments, as those mortgages begin to reset.  Usually the banks turn the equity line into a second mortgage with principle and interest payments amortized over ten years.  This could hurt a lot of people, especially those who may have a high balance.  Some banks, however, may demand payment in full.  This could potentially be a big problem as borrowers who are still underwater may not have the money to pay the new bill outright.

Moving on, we also know that there is a steady stream of foreclosures that slowly find their way on the market, mostly due to a backlog of shadow inventory out there waiting to be foreclosed, that still needs to be cleaned up and listed for sale. It seems, however that the banks have not flooded the market and hopefully they don’t plan on doing so. If they do decide to flood the market, then that too will have a softening effect of prices, as more inventory gives the buyer more homes to choose from.  Which is good thing for first time home buyer's and real estate investors, too.

Speaking of investors, closings for investment properties have also slowed, mostly due to rising homes prices.  The higher the price of a potential investment property, the less return the investor makes.  Seasoned investors can still find opportunities, but it’s not like there are a lot of easy to find properties out there right now.

So with all that said, where do we go from here?  Simply put, as long as home inventory and mortgage rates remain low, then we should stay on pace for home prices to gradually rise over time, depending on the time of year.

Have questions? Call me direct at 954.326.2663.

Thanks for reading!                                                  

SUMMER LOVIN! - June 21, 2016

Yes, the Summer selling season is in full swing.  Actually, the market took off in March, which is the typical start our cyclical real estate season.  The single family and first time home buyer is alive and well. They are out and about looking for their new home with A rated schools. In Parkland, inventory is low and prices are high. Where as in adjacent cities like Coral Springs and Boca Raton, there is lots to choose from and you can get more for your money, while still living in an A rated school district.

However, the condo market has weakened, especially in Miami and along the beaches.  Months of real estate inventory are on the rise, as foreign buyers have slowed their buying pace, due to economic conditions abroad and political uncertainty here at home. Can you say Brexit!

Thinking about refinancing?  Rates are still historically low and now is a good time. Home values are up, so good chance the equity in your house is, as well.  We just re-financed ourselves, as the value of our home in Parkland is finally worth more than what I paid for it in 2004! Not too mention that we just saved $500 a month! If you are considering refinancing, then be sure to call my wife Lisa at our title company, A-1 Title & Escrow, 866-303-2663 (AONE).  She can put you in touch with one of our trusted lenders, as well as do the closing for you.

Moving forward into the Summer real estate season, I expect more of the same brisk pace that we have seen over the first three months of the season, especially in the single family home market.  Looking at the charts below you can see how real estate sales trend upward from March through August. Based on this previous real estate activity, all signs point to more of the same.  Let's hope so anyways!

BOOM! March Madness! - April 30, 2016

As expected March sales have risen. Prices are higher and closings are more frequent. This pattern is expected to continue into the Summer months.  See chart below for more info:

FEBRUARY FADES AWAY - March 5, 2016

There are many great things about February, including of course my birthday! One of the things I like most, is that February goes by quickly. Typically for my business February is the end of Winter and the beginning of Spring. I say that because it's in March when we see the return of business in the real estate market.

As you can see by the charts below, it's typically in January and February that there are the least amount of closings. The numbers for February are not out yet, but I'm willing to bet that the amount of closed sales will be low, similar to January's numbers. You practically can set your watch by it, really.  Take a close look at the number of closed sales in January and February from 2011 through 2016 and you'll see the cycle for yourself.

So now the good news! As February fades away, Spring is, well, springing. New listings abound in my home community of Cypresshead, as well as around town.  I've even taken three listings myself and am getting ready to list two more in the upcoming weeks.

Prices have risen in some local markets, but overall they have leveled off since the late fall, which is also evidenced by the charts below. The decline in home values during the winter is pretty much normal and in line from year to year. If, however, things go the way they have for the past several years, we should see a rise in home prices through the summer selling months.

In fact...My home is finally worth more than what I paid for it in 2004! This is great news, as many people are now able to sell or re-finance, since their home values have increased.  I myself am taking advantage of the current rise in home values to re-finance my own house.  This will potentially save me hundreds of dollars to put towards debt, savings and a little spending money :) Of course this will only last until my health insurance goes up another 25% next year, then my savings will go to Blue Cross :(

Rates will have a lot to do with homes values, too. The higher rates go, the less people can afford, which usually translates into lower home values.  A lot will depend on the U.S. economy and if investors believe they will find better returns in equities, which in turn creates less demand for the ten year bond, which long term interest rates are tied to.  Of course the world economy will have a say, too. All I know is that my mortgage lender told me to lock my rate at 3.75% because the jobs report was due to come out.  He just saved me $500+ a year, as rates spiked up the very next day.  Are rising rates on the way. As my mortgage lender likes to say...I don't have a crystal ball.

I'll tell you what I do know is coming, and that's the expiration of HELOCS that home owners took out over 10 years ago.  Those lines of credit are coming due for a lot of people and will continue to do so for the next couple of years. Some of them require the borrower to pay over an amortized period of time, like ten years, others require the borrower to pay in full.  This can be troublesome for some borrowers to pay back in either case, as the payment on such a loan can be in the thousand's of dollars.  Hopefully with rising home values and household equity, those borrowers will be able to refinance their HELOC's.  Otherwise, things could get dicey again.

I also have noticed lots of foreclosures compared to the amount of short sales on the market.  Still there are more traditional sales than either of the two distressed statuses. Although, it looks as if the shadow inventory is starting to hit the real estate market, or should I say continuing flow at a decent pace onto the MLS. 

MY LISTINGS:

Currently I have two Active listings. The first is a beautiful, fully updated 2/2 condo with a screened in patio and lush back yard, just steps away from the lake next to the building! The unit is in Meadowridge, which has lots of amenities, is conveniently located near major highways, shopping, dining, and with-in walking distance to Cidar Park. Visit DeerfieldCondoForSale.com for price, pictures and to watch the video tour. 

My other listing is a 2/2 waterfront front condo in Hallandale Beach, FL, directly on the intra-coastal, in a boutique building called Chelsea Bayview. The unit is fully updated, as well as super cute and charming! It's on the first floor, just steps away from the pool and intra-coastal. For price, pictures and video tour visit HallandaleCondoForSale.com

You can also click the My Listings tab at the top of the page and click on either listing to the left.

THE WORD ON THE STREET

The foreign dollar has softened demand for winter condos and second homes, especially on the beach, in areas frequented by our neighbors to the North and other European countries. Also, the warm weather up north this past winter has softened sales for snowbirds. Lastly the stock market correction at the beginning of the year slowed things down a bit too.

I've, however, heard that we are due for more snowbirds coming down this month, and my recent visit to Wal-Mart in Hallandale Beach confirms it. Lots of Northern license plates! Also, since President's Day, it looks as if the stock market may finally be coming around. Hopefully that will make buyers feel more confident as the market returns back to normal. 

THINGS ARE LOOKING UP!

Again, spring has sprung and the busy summer selling season can be seen on the horizon.  The charts indicate homes values should rise. Inventory, overall, remains low at 4.3 months, which is tilts the power in favor of the seller. As the seasons change, so will the real estate market. Be sure to review the charts and graphs below and let me know what you predict. Call or text me at 954.326.2663. Thanks For Reading!

HOT OR NOT? - February 12, 2012 

     Well, after an intense 4-5 weeks of new listings, pending contracts, networking and more, things have finally slowed down enough to write a blog post. So, is the market hot or not?  Easy answer, yes and no. 

     Sorry for the ambiguity but its true.  Let's start with "Not". As typically happens from October to February, the market falls. Which has been exactly the case for us.  Title closings in the last two quarters have been slow, which is typical during this time. (see chart below) 

     Warm weather up North, the stock market slump and the lower Canadian dollar have brought the Snowbird season down to it's knees. And that's the way it's been for the past four - five months. Not hot. 

     Now, however, let's talk about the "Hot" Yes, since January, I have picked up several listings (one already under contract),  have one buyer under contract, and am currently working with several others.  Title closings for the end of February as well as March are looking up. It's almost as if you can set your watch by it.

      There, too, have been several new listings in my community and I expect to see more coming to the market very soon, as we get ready to ramp up for the Spring listing season.

      So, what does that mean?  It means the future looks bright.  With, however, more inventory, that means more competition from other seller's which may have an effect on home prices.  With however, interest rates unexpectedly falling, the buyer has more purchasing power. This is turn usually helps prices increase.

     The market for the past 5 years has trended north, as indicated in the chart above.  As inventory shrank, and rates remained low, prices increased.  Inventory has climbed a bit, but until homes become more unaffordable, I don't see much of a slowdown when it comes to rising home values.  Prices are just know coming back to where they were ten years ago, so there should be room to go.

     Also, as prices increase it should correlate to higher home equity, which will in turn allow for homeowners who have been waiting to sell to put their homes on the market.

     So let me say this to finish up. The season's are changing. What once was cold (Fall & Winter)is turning hot (Spring & Summer). That pretty much puts us at medium!

    Be sure to call anytime (954.326.2663) for more details about today's South Florida real estate market, and see below for more blog posts.

     Thanks for Reading!

     Glassman Real Estate Group

     Selling Real Estate in Parkland & Beyond Since 2004!

HALLANDALE BEACH CONDO FOR SALE!

Below is a flyer for a new listing that has not yet been put on the MLS. It's a beautiful, charming and cozy condo! This unit has been remodeled with a new custom kitchen, updated bathrooms, new floors, extensive crown molding, wood blinds and so much more! Steps away from the pool and directly across the street from the beach, come see why this unit makes the perfect winter getaway for snowbirds, or simply a great place to call home!

JANUARY 22, 2015

Yep, Still super busy.  Three offers submitted, one new listing taken and one new listing on the way. The new year has brought new business, as the market has popped. Although while working with a buyer in Parkland recently we noticed that a lot of the current properties on the market have had their prices reduced several times without going under contract. That makes it a great time for buyer's to strike a good deal with seller's, who have been trying to sell over the past few months.

Looking for a Realtor who knows the market? Call us now at 954.326.2663. We don't just help our clients buy and sell real estate, we help them CLOSE!

JANUARY 09, 2016

Happy New Year! Wow what to say? The year ended with a bang and the new year is starting out just the same.  December was a huge month for the community that I live in, Cypresshead in Parkland, FL. There were five closing in the month of December! Also, I just read that the market is expected to be more normalized this upcoming year. Here is a small caption from the Florida Realtors website:

Exciting 2016 forecast: ‘Normal’ real estate market

CHICAGO – Jan. 5, 2016 – This year may have been the best for housing since 2007, but the market will likely get even rosier in 2016, according to a recent real estate forecast by realtor.com^®.

One of the main drivers behind the brighter 2016: The projection that employment will continue to grow, which will add to consumers' wallets and allow them to purchase their first home or upgrade to a new one.

Realtor.com housing predictions for 2016:

1. 'Normal' is coming
Expect a healthy growth in home sales and prices – at a slower pace than in 2015. "This slowdown is not an indication of a problem – it's just a return to normalcy," writes Jonathan Smoke, realtor.com's chief economist. "We've lived through 15 years of truly abnormal trends, and after working off the devastating effects of the housing bust, we're finally seeing signs of more normal conditions."

New construction and distressed sales are expected to return to more historic levels, and home prices are expected to follow at "more normal rates consistent with a more balanced market."

DECEMBER 21, 2015

Well, although there has been some recent activity with snowbirds and such, December closings are down.  In general the Fall season is one that, well, falls down.  As compared to the Spring and Summer seasons, Fall tends to dip. You can see that indicated in the chart below. Now with rates scheduled to rise, it's my opinion that home values will slow, and/or at least remain flat for the next quarter. 

DECEMBER 5, 2015

If you have not already done so, please be sure to check out other areas of my site.  I'm always adding new information about the city of Parkland, as well as other important information that pertains to the general South Florida real estate market. Just recently I posted some Parkland news here:https://aaronglassman.com/parkland-news.asp I've also added some of the recent closed sales and links to helpful reports here:https://aaronglassman.com/parkland-home-sales.asp. One of the important things I noticed is that there were 30 closed sales in Parkland in the last 30 days.  That's one sale per day. Which I think is a very active pace.Below, too, is a recent chart of closed sales month by month for the past year. As typical, closing is the Fall are down as compared to the Summer, by 1,000 homes. Have questions? Call me at 954.326.2663. I have answers!

Glassman Real Estate Group - Selling Real Estate in Parkland and Beyond!

Source: Greater Fort Lauderdale REALTORS®

NOVEMBER 26, 2015 - Happy Thanksgiving!

Fall is in the air! The wind is blowing, the air is cooler, its a beautiful time to live in Parkland Florida. It seems like we wait all year for the weather to be like this.

Now that we are past the release of the October numbers (see below for my take on that) let's move on my projection for November, which simply put, is up. The title company saw an increase in the amount of closings, while two of my Pending Sales closed this month! :) December's is anyone's guess, so I won't make one, but I will say that there is still time to add some more closings to the board and that's what I'm working towards. Call me now for a Realtor who knows how to sell homes for sale in Parkland and beyond, 954.326.2663.

Glassman Real Estate Group . Selling Real Estate in Parkland and Beyond!

NOVERMBER 23, 2015

Below are a couple of charts indicating the number of closed sales of single family homes throughout Parkland and the South Florida real estate market. Although closings year over year have been increasing, you can see that the number of closings in October 2015 have fallen as compared to June of 2015. If Spring is the time for new listings and the Summer is the height of the selling season, then Fall is exactly that, the "Fall"of the market.  As evidenced by the graph, October closings are down about 1,000 units sold than in June. With the slowdown in full effect, this is a great time for both buyers and sellers to make a deal before the end of the year!

Glassman Real Estate Group - Selling Real Estate In Parkland And Beyond! 

Source: Greater Fort Lauderdale REALTORS®

NOVERMBER 21, 2015

EXTRA! EXTRA! October Real Estate Stats are in! Year over year Prices are up 7.1% Days on Market are way down. The number of closings are down, not only year over year, but I can tell you that month over month they are also down.  (That graph is coming soon as well as several more, so stay tuned).  I will also tell you that October closings tend to always dip, especially after the height of the Summer Selling season. I also know that Parkland homes for sale that have sat on the market over the Summer have either been reduced in price or taken off the market. Buying or selling a home in Parkland or beyond? Then call us because that what we do. 954.326.2663 Direct/Text

GLASSMAN REAL ESTATE GROUP - "Selling Real Estate in Parkland and Beyond!

Source: Greater Fort Lauderdale REALTORS®

NOVEMBER 15, 2015

I just wanted to quickly post the link to our facebook page that is also often updated with current, news, events, and happenings in the wonderful of real estate in Parkland and beyond. Be sure to follow us athttps://www.facebook.com/GlassmanRealEstateGroup/?fref=ts. Here's a quick screenshot for your viewing pleasure :)

 NOVEMBER 14, 2015

I'm always proud to display any of my listings, no matter what the value.  This property below just sold for 78k. To me, the value of a listing never determines the level of service I provide.  Just read the latest testimonial I received from Bill & Diane Slattery https://aaronglassman.com/testimonials.asp., to see what my past clients think about my level of service. Or check out the videos I make for all of my listings no matter what the list price,https://aaronglassman.com/real-estate-videos.asp

When I sell Real Estate in Parkland, or anywhere else for that matter, I give my all on every deal. As a Realtor in Parkland and throughout the South Florida area, I pride myself on the high level of personal service I provide. I've never been about the quick buck. For me it's always been the long term relationship that matters most!

NOVEMBER 13, 2015 - FRIDAY :/

Disclaimer . Due to the unique events that occurred today, in my life, and in Paris, the blog below is more personal in nature than market related.  See previous posts below for more information on Parkland real estate, as well as the latest news, charts and graphs.

Well it was almost one of those days.  My daughter woke up sick, my lunch appointment cancelled and then my listing appointment canceled. I drove from Parkland to Aventura, back up to Boynton Beach and then back down to Parkland.

Like I said it was almost one of those days.  But I was determined to make it count, even if it was Friday the 13th and the chips were stacked against me.

It turned out that my wife ended up taking my sick daughter to my mother-in-laws. I made a new lunch appointment with an old friend, and while driving back up to Boynton, instead of listening to the radio, I made use of my time as wisely as I could and called my other old friends and past clients. It turned out to be a pretty good day. Strenuous, but one that I made great!

I know it's cliché but, like life, Real Estate in Parkland and just about anywhere else is 10 percent what happens to you and 90 percent how you react to it. One of my favorite commercials is the one for Xbox that has a voice over of Sylvester Stallone that goes something like this: Let me tell you something you already know. Nothing hits harder than life, but it don't matter how hard you get hit. What matters is how hard you can get hit, and get back up, because that's how winning is done!

Life can hit pretty hard, especially for people who never asked to be hit. It hit hard today in France pretty badly. All of my thoughts and prayers go out to those people who were hit extremely hard today. May you find away to react valiantly and may you find a way to win! 

NOVEMBER 11, 2015

Up, up and away! The snow bird season has taken flight!! Already two customers looking to either buy and or sell this season.  My good friend and fellow broker Jason Quero of J. Michael Luxury Group also confirms that his action is heating up in the East Boca and Delray Beach Area.  Are you in the market for a winter Shangri-a?  Or perhaps you may be looking to list your beachfront condo for sale in Boca Raton, or your oceanfront mansion in Fort Lauderdale.  Whether you are buying a new home in Hollywood, FL, or listing your home for sale in Delray Beach, FL we are able to help you with your real estate needs throughout South Florida.  That's why one of our taglines is, "Serving all four corners of all three counties!"

     And yes if you read further on down at some of my other posts, you'll see a couple of our other taglines.  The reason why we have several is because at Glassman Real Estate Group each tagline defines the unique differences that help set us apart from our competition.  One of those differences is that we can service your real estate needs in all three counties.  We have offices in Parkland, Aventura, Boca Raton, Weston, Miami, Boca Raton, Boynton Beach, and Lighthouse Point. We are not just your typical Realtor, who farms and services one or two communities.

     No, in fact we are not JUST anything.  Rather we are a team of real estate professionals who help manage and facilitate real estate transactions from start to finish. We are not JUST Realtors in Parkland and beyond (another tagline) we are Realtors and a title/closing company, complete with an in-house real estate attorney. And as a native of South Florida, I have the local knowledge and experience that not just any other Realtor has. That I can assure you!

Are you ready to buy or sell? Call me now and allow me to show you the Glassman Real Estate Group difference.  954.326.2663 . Direct/Text

GLASSMAN REAL ESTATE GROUP - "Serving all four corners of all three counties!"

NOVEMBER 9, 2015

Here's a interesting looking chart, indicating the amount of listings sold per month.  As you can see the amount of closings for all types of properties in Broward county has dropped since the peak of the Summer.  This is typical as most people tend to move in the Summer, before the school year begins.  I, however. would not be surprised if we see a spike in November and/or December, as there are a group of home buyers and sellers who like to move before the end of the year.  I'm also curious to see how the Winter / snowbird buying season takes shape, especially after the holidays. Got Predictions about the South Florida real estate market? Give us a shout at 954.326.2663 to discuss the details.

Glassman Real Estate Group . "Selling Real Estate in Parkland and Beyond"

Source: Greater Fort Lauderdale REALTORS® - IMAPP MLS Real Estate Statistics

NOVEMBER 5, 2015

JUST SOLD!

This Boca Raton Home located in Boca Pointe just sold for $260k. It needed renovations but had a beautiful, updated kitchen. It also had 3 beds, 2 baths, a one car garage, and over 1,700sf!  These little units are charming and they sell quick.  Are you thinking about selling your house? Or perhaps you are buying a new home and want trusted advise and guidance. If you or someone you know are in the real estate market, then it's time to call us! 954.326.2663. Not sure if you can trust us? Then read some of our testimonials here:https://aaronglassman.com/testimonials.asp                                                                     

GLASSMAN REAL ESTATE GROUP - "Selling Real Estate in Parkland and Beyond!"   

NOVEMBER 3, 2015

After peaking in February of 2015, it looks like the inventory in South Florida is on the decline.  It would not surprise me, however, if we see a rise after the holidays and past the new year. For now, title closings for November are higher than anticipated, as it was very noticeable the last couple of months that the summer selling season was over, as closings in September and October were way down compared the six previous months. The big question is, what will rates be like next year and how will that effect property values and real estate for sale in Parkland and beyond?               

Glassman Real Estate Group . "Selling Real Estate in Parkland Florida and Beyond"

Source: Greater Fort Lauderdale REALTORS®

NOVEMBER 2, 2015 

Have cash sales peaked? Here are a couple of interesting charts which indicate that the number of all cash transactions may be waning. What do you think? 

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