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Market Updates

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It’s no secret that Waterfront Properties and Club Communities represents the most stunning listings in South Florida. If you’re searching for your dream home, you are welcome to attend any of our four open houses this Sunday! The select open houses feature homes in Jupiter, Lantana, West Palm Beach, and Delray Beach.

16894 Crown Bridge Drive, Delray Beach, FL 33446

Sunday, 8/19/2018  1 pm – 4 pm

4 Beds, 5 Bath, 4,488 SqFt
This luxurious home is in the prestigious Hampton subdivision, limited Versailles model ,comes with an abundance of upgrades,plus easily converted to a 5 bedroom, surround sound throughout, Swarovski Crystal wall sconces. Master suite has electric blinds & fan, wall sconces in m/bath, 2 custom closets

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The U.S. economy has been doing well recently with job openings reaching or nearing record levels in all regions of the country. Each year, The Kiplinger Letter releases a job growth forecast for all 50 states. No surprise, Florida made it in the higher part of the list released last week ranking at #8. Here are the stats:

  • Population: 20,984,400
  • 2018 job growth: 2.3%
  • 2017 job growth: 2.2%
  • New jobs in 2018: 193,400
  • New jobs in 2017: 181,500
  • Unemployment rate by year-end 2018: 3.7%
  • Unemployment rate by year-end 2017: 3.9%

The state's GDP recently hit $1 trillion and is expected to grow 3.8% between this year and next. The new construction business is absolutely booming with high buyer demand and housing starts will have

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It’s no secret that Waterfront Properties and Club Communities represents the most stunning listings in South Florida. If you’re searching for your dream home, you are welcome to attend any of our four open houses this Sunday! The select open houses feature homes in Jupiter, Tequesta, Lantana, and Delray Beach.

18658 SE St Augustine Way, Tequesta, FL 33469

Sunday, 8/12/2018  1 pm – 3 pm

4 Beds, 5 Bath, 4,031 SqFt
Stunning New Construction Home Ready To Move In. Located in the gated community of Old Cypress Pointe. This estate home on the Jupiter-Tequesta Riverfront features 4 bedrooms, 4 bathrooms and an office. Beautifully appointed and designed with a casual, coastal elegance. Call today for a showing, this won't last. Some

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As of July 26th, the U.S. homeownership rate is at 64.3 percent, up a tenth of a percent from the first quarter of the year, according to the U.S. Commerce Department. 

The rate has been slowly rising since the market crash years ago but is still not up to the peak of 69.2 percent in 2004. In one year, ownership has increased by less than one percent over all, but homeowners under the age of 35 has increased 1.2 percent. 

While progress is slow, it's still moving forward, and thanks to easier credit standards and a growing strong job market more people are finding room to invest in a home of their own.

If you'd like to see homes available for sale in South Florida based on your budget, use Waterfront Properties' customizable search option here.

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With a projected wage growth rate of 6.7 percent and job growth rate of 2.4 percent (Forbes), the economy in Palm Beach County continues grow and thrive. These numbers, along with seemingly endless shopping, dining, outdoor and other entertainment activities in South Florida, is perhaps why local residents over the age of 65 have high hopes for the seller's market. 

Nearly 70 percent of Americans think now is a good time to buy a home, according to a new National Association of Research (NAR) survey, with the highest buyer optimism coming from those in the south aged 65 and older. 

Palm Beach County has more people in the age group 65+ than it does persons under age 18- understandably, as the area is geared toward the affluent with its luxury

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According to the most recentFlorida Association of Realtors marketing report on single family homes in Palm Beach County, sale price is up, time to contract is quick and inventory is down meaning it's a seller's market.

Palm Beach County had 1,721 closed sales in May with 94.8% of sellers receiving their original listing price. Median sales price is up 5.7% compared to this time last year and time to contract is 49 days with time to sell at around 3 months. 

These figures show the market is improving and both buyers and sellers can benefit. With lower inventory, people thinking of selling their home should consider now as a great time to list. Buyers thinking of purchasing a home may try to buy now before prices continue to go up.

View the

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A new consumer report released by the American Society of Landscape Architects tells us the latest landscaping trends of 2018 are nothing short of creative. From yoga gardens to spas to charging stations, integrating these landscaping trends can help your home sell faster.

The society asked career landscape architects to rate the popularity of several outdoor residential design components. The architects saw a noticeable increase in the use of native plants, low-maintenance landscapes, and flexible-use spaces for things like an outdoor movie night. 

Here are the backyard designs that are the most popular in 2018: 

  1. Fire pits/fireplaces
  2. Lighting
  3. Seating/dining areas
  4. Outdoor furniture
  5. Outdoor kitchens
  6. Decking (for example:
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Luxury home price appreciation is the highest it's been in the past four years, according to market reports for the first quarter of 2018. Luxury market prices are growing at a faster rate than the rest of the market which means it's a good time to list your luxury home. 

The average luxury listing price is now $1.8 million, up 7.9% from this time last year where the average price was $1.6 mil. The rest of the market also showed a 7.5% increase with the average home price at $330,000. 

A nationwide shortage of homes is driving up prices while the economy improves bringing in more buyers. This shrinking pool of available luxury homes could be an opportunity to sell your home fast and at a nice price. 

If you've been thinking about listing,

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High-end homebuilders and luxury developers came together at Bisnow's West Palm Beach multifamily event last month to discuss developments in Palm Beach County. The race for new construction is on as the area offers more waterfront space, less people/traffic than down south, and a wealth of opportunities for business. 

“Palm Beach is completely on fire,” said Todd Michael Glaser, a top-tier homebuilder who gained his fame in Miami but has recently started focusing on Palm Beach County, “I’ve never seen the amount of $8 million to $70 million-dollar homes as in the last three and a half, four months. It’s staggering.”

Aside from Palm Beach island, home to many celebs and Billionaire's Row, Palm Beach County has generally taken third place in

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According to a new ATTOM Data Solutions real estate study, May is the best month to sell your home.

ATTOM collected data on 14.7 million homes sold across the country from 2011-2017 to see which months had the highest return for sellers. May had the most premiums above market value more than any other time of the year nationwide. 

However, the best month did vary by market; most of the eastern Florida is actually better for sellers in June while Miami, known for its warm weather, sells greatest in January. 

The lucky months in St. Lucie, Martin, Palm Beach and Broward Counties are May and June, which are coming up quick. If the improving economy has had you thinking about listing your home, now is the perfect time to do it. Waterfront

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