The IRS is doing their part to help the real estate market.  They now will not file a lien on a property unless its for $10,000 or above. This limit used to be set at $5,000. This will help many property owners get their homes sold.

Joseph Santini  --  Your Boca Raton, Florida Luxury Waterfront Expert!

The high season is moving along and the activity is decent especially on the luxury condominiums which is a great sign and barometer for the market.  Below are the numbers for February 2011 for properties priced at 1 million dollars and above.

Luxury Condominiums

Total Properties Available     76

Price Range      $1,000,000  -  $9,999,999

Total Properties Pending      5

Total Properties Sold       2

Price Range        $2,000,000  -  $2,037,500

Average Sold Price Per Square Ft.      $479

Average Days On Market        62

Luxury Single Family Homes

Total Properties Available       461

Price Range      $1,000,000  -  $22,000,000

Total Properties Pending      21

Total Properties Sold       12

Price Range         $1,135,000  -  $2,225,000

Average Sold Price Per Square Ft.        $273

Average Days On Market       214

Joseph Santini  --  Your Boca Raton, Florida Luxury Waterfront Expert! 

Its amazing to me how many people actually overpay for a property, especially in this market because they are not informed or they are not working with a Realtor who can provide them with the correct information about the property. 

Most of the time the buyers that overpay are the ones that are trying to get a great deal!  Whether its a foreclosure property, a short sale or a regular sale you have to be informed and be working with a Realtor who knows the market and can give you the correct information.

Joseph Santini  --  Your Boca Raton, Florida Luxury Waterfront Expert!

Sales are up 36% in Palm Beach County when you compare January 2010 to January 2011!  That's great news as smart buyers are taking advantage of low interest rates, great home prices and a large selection to choose from.  Buyers are really feeling good about real estate again and the incredible investment that it is.  Now is the time to get a great deal on the water.

Joseph Santini  --  Your Boca Raton, Florida Waterfront Expert!

Many people are currently renting with the hopes of building credit and buying a home sometime in the near future.  Its important to make your rental payments on time especially if you live in a large rental community that is managed by a management company. 

These types of communities are expected to start reporting to the credit agencies in the near future and late payments will show up on your credit report.

Joseph Santini  --  Your Boca Raton, Florida Waterfront Expert!

Mortgage rates are ticking up slightly and this trend is expected to continue throughout the year.  This is important if you are a borderline buyer as just a little increase will really effect your payment.  Keep an eye on this and if you are a serious buyer its time to wrap it up and take advantage of some of the best buyer conditions of all time.

Joseph Santini  --  Your Boca Raton, Florida Waterfront Expert

Real Estate is active across Palm Beach County, Florida as buyers are eating up the inventory at the lower end of the market. Interest rates are starting to slowly inch up which should make it even busier especially with properties under $300k. The luxury market though slower is moving pretty good as well. Below are the numbers for January 2011.

Total Properties Available       21,113

Total Properties Pending           3,424

Total Properties Sold                  1,883

Joseph Santini  --  Your Boca Raton, Florida Waterfront Expert

            When it comes to one of the most important transactions in your life wouldn't it make sense to hire the largest and one of the best brokerages in the business to help you achieve your real estate goals? 

             In this market if your trying to sell your home or looking for the home of your dreams you need a company with the resources to help you get the job done.  With everything from high visibility websites to mortgage and title services, Coldwell Banker has everything you need to get the most you can out of the current real estate market.

Joseph Santini  -  Your Boca Raton, Florida Waterfront Expert

Ever dreamed of looking out at the water every morning when you wake up?  Now is the time to make your dream a reality.  Take advantage of the market and secure your dream home now while you can in one of the most beautiful places to live in the world.  There are fantastic properties available in all price ranges!  How about living on the sand in Boca priced in the 200's!  Now is the time!

Joseph Santini  --  Your Boca Raton, Florida Waterfront Expert!

This type of market offers a great opportunity for buyers over a stronger market and the advantages are priceless.  Below are the six reasons you should buy now.       

1.  You can afford it because prices are down.

2.  You can buy in a better neighborhood.

3.  You can get a better deal.

4.  You can purchase a bigger house.

5.  You can get  a lower interest rate.

6.  All this translates into a better investment than you would realize in a stronger market.

Your Boca Raton, Florida Waterfront Expert