PALM BEACH COUNTY REAL ESTATE MARKET REPORTS – May 2019

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The All About Florida Homes Team of Keller Williams Realty has been busy all around from our Sellers and Buyers!

We could have told you the market had picked up before we even analyzed the market report from Florida Realtors.   While the market is behind last year to date – we are finally starting to see traction and the market starting to play catch up.

If you have been reading our market reports monthly,  you will have read (tirelessly I know) my rants about sellers’ and agents’ pricing on active versus sold comps.  Homes can be listed for any amount but what they sell for, and how long it takes, and how many reductions do make a difference.   We are seeing the market price where home sell  – hence the movement in the market.

If you have a good marketing strategy, take pictures strategically to show the attributes of the home, land and community, market to the consumer as well as fellow agents – and analyze the showings, feedback and competition – homes will sell!

The market from $300,000 to $600,000 seems to bounce monthly from a balanced market to a slight buyer or seller market depending upon inventory.  As we always say:

In a balanced market – where you come out of the gate (price, marketing et al) really, really matters.   It is not a race to market – it has to be done right!   

Homes in the $600,000 to $999,999 range remain in a balanced market this month so same rules apply as above.

The $1,000,000+ remains a buyers’ market – there is so much inventory and many are still overpriced.  If you are a seller, it is worth a real analysis of where homes have sold and how you are being marketed – BUT you also need to be patient.  There is a lot of competition, so ensure your home stands out and that you are priced right!

Contact us at (561) 571-2289 – or via amyandnoreen@allaboutfloridahomes.com – if we can provide you with any additional market data that will help inform your decisions! We are here to help – with no obligation.

Palm Beach County Local Market Update for May 2019 Monthly Market Detail May 2019 Townhouses and Condos Monthly Market Detail May 2019 Single Family Homes

From Florida Realtors: A condo doesn’t allow pets – what about service animals?

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Florida Realtors recently answered a question that may be on your mind if you own rental properties.

Question: Our condo is designated pet-free in our community documents. I am about to rent and want to keep the apartment in good shape. If I include a no-pets clause in the lease, am I still forced to accept emotional support or service animals? – Jane

Answer: Yes. Service and emotional support animals are not pets, so restrictions that apply to pets do not apply to them.

Emotional support animals are companion animals that provide therapeutic benefits for people with psychiatric or mental disabilities. These animals do not have to be trained, unlike service animals that are trained individually to perform specific tasks to help a person who is disabled. You do have the right to confirm that the animal is genuine and your prospective tenant is not trying to outsmart you. However, it is essential to remember that you should not discriminate against someone with one of these animals any more than someone with, for example, a wheelchair.

It is understandable that you want to keep your apartment in good repair, but sometimes you have to adjust your expectations to allow everybody to be treated fairly.