Frequently people ask, "When will we hit bottom? Are we there or do we have a way to go?" Timing is everything. I can tell you with certainty, there is no doubt that things are on the move here in Boca Raton, Florida. We've shifted somewhat, but statistics don't lie and we're selling like crazy. Clearly what that tells us is that we're on the way up. Right now it is impossible to predict if this is the bottom but I can tell you from what I see in Boca Raton and the surrounding areas, that not only are savvy buyers taking advantage of an outstanding market, they are working with realtors who can negotiate the very best possible price for them. What that clearly tells us is that those buyers savvy enough to make their move now are way ahead of the curve. Understanding the market is essential and the ability to skillfully negotiate the best possible price and terms allows your buyers to win.
Unlike many northern areas of the country that are currently in the middle of their "season", Florida's "season" doesn't begin until the fall and early winter. Logically you would think we were slow. But statistics don't lie and we're NOT. Currently now is the very best possible opportunity to purchase that home you've been waiting for. While people are on vacation, others are taking advantage and can see the greater picture. Those people waiting to read the headlines that we've hit bottom, are making a strategic error and will be left behind. With inventory plentiful, buyers have a distinct advantage and anyone considering purchasing a home within the next 6 months, can pick and choose and negotiate a dream deal before the tide turns. That's your answer.