MARCH 2018 – PALM BEACH COUNTY REAL ESTATE MARKET REPORTS

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March was an interesting month for analyzing our Palm Beach County real estate market report numbers. Looking at the year over year figures (March 2018 to March 2017), Palm Beach County as a whole (not broken down by sales price) was down in these categories: percentage in closed sales,  time to contract, new listings, pending sales and inventory (which was already low).

However, total dollar volume increased almost 12 % overall. We are doing fewer transactions, but at a higher price per transaction – not great news for buyer.

But wait……there was a recent drop in interest rates so buyers… it’s game on! – and we can help you find a home. It may take some creativity in structuring the deal to make it a win/win for all, but it’s totally do-able!

Cash sales are down again so financing is a reality that sellers need to face, so appraisals are a factor and pricing properly is imperative.

Other notables, by price category:
$300-399K – is once again a seller’s market!
$600,000-999,999 – balanced market.
$1,000,000 and above – still a buyers’ market.
The type of market (amount of inventory) as well as the product (your home) are factors when we create your home’s list price strategy.

We are working on a market report detailing the 1st Quarter 2018 – the final results are coming out in the next week or so from Florida Realtors so please stay tuned for our interpretation of the results!

 

 

VIDEO: HELP, AMY! WE MADE AN OFFER, HAVEN’T HEARD!

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A Social media friends asked Amy for some help –  “We made an offer and we haven’t heard anything but the listing disappeared off of MLS. What does this mean? How will we know if our offer to buy the home was accepted?” In this video, Amy helps viewers understand how she and Noreen handle this part of her role for clients.

 

If you’re planning to buy a home – or just curious about what’s available – you can search listings here – and possibly even start to familiarize yourself with the buying process!

Or, contact us at (561) 571-2289 – or via [email protected] – if we can provide you with any additional market data that will help inform your decisions! We are here to help!

Olio in Downtown Delray Beach Delights Palates

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Recently as Amy and I were researching venues for an upcoming event, we came across the established and well-liked restaurant called Olio. It’s off The Ave in Delray Beach, so if you do want to get to the hustle and bustle after dinner, it’s only a block or two away.

We sat down with the General Manager of Olio, Jon Biscardi who helped us plan our event. What many local residents may not know is that Jon has been in the restaurant business locally for years. At one time with The Falcon House, 3rd & 3rd when it was 2/3rds and 32 East to name a few. Below are a few questions we posed to him to share with everyone.

Noreen & Amy:
How long have you been manager at Olio?

Jon:
After having been involved in the industry for several years, it’s nice to find a home here at Olio. I’ve now been here 4 years an really love it!

N&A:
What is your favorite thing about your job?

Jon:
Of course, the people! We have many loyal regulars that come see us often, whether for drinks at the outdoor bar, appetizers or full on dinner.

N&A:
What are your personal favorites on the menu?

Jon:
Too many to choose…  but if I had to pick one I’d say the Teriyaki Salmon. Many diners who wouldn’t usually enjoy a nice piece of Salmon come specifically for our version.

N&A:
Many of our readers are buyers who are moving to the East Delray area. What would you like them to know about your restaurant?

Jon:
First and foremost that we are “off” The Ave away from the traffic and crowds. But we’re close enough so that if someone did want to get there, it’s only a short walk away. We are also a sister restaurant to La Boheme on the Barrier Island closer to the beach on Atlantic Avenue.

N&A:
Is there anything else you’d like people to know?

Jon:
We have two party rooms and can host gatherings. Whether it be a birthday party, business dinner, or fundraiser, we can put something together for those that need it.

N&A:
In your free time – are there East Delray attractions or locations you personally like to frequent?

Jon:
I love our beach! I also enjoy seafood and when I go out to eat will grab a bite at J&J Seafood.

Next time you’re planning a night out, try Olio! You’ll love the food and the people.
You can find them online at:
Contact info and hours as follows:
Phone: (561) 278-6633

Fax: (561) 278-4873

Email: [email protected]

Olio Hours:

Monday – Sunday: 4pm – 10:30pm

Happy Hour: 4pm – 6:30pm

Address: 42 SE 2nd Avenue
Delray Beach, Florida 33444