Market Updates

Floridians already knew that this is one of the best states to live in and now it has been confirmed by U.S. News & World Report!  Florida ranked No. 10 in U.S. News & World Report’s rankings of best states in the country. It also ranks among the top five states in education and among the top 10 states in the economy and fiscal stability categories. As a Florida resident, it is hard to believe that the beaches of Jupiter, nightlife in South Beach, and infamous Worth Avenue in Palm Beach, that Florida did not rank higher in the standings.

States were ranked in 71 metrics across eight main categories:

-        Health care

-        Education

-        Economics

-        Infrastructure

-        Opportunities

-        Fiscal stability

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When you think of South Florida, many expensive zip codes come to mind–Palm Beach, Jupiter Island, Star Island, Orchid Island and many more.  But is one of those areas the most costly zip code in Florida? 

Homeownership is the definitive symbol of achieving the “American Dream”. It is also the largest purchase most Americans will ever make. Naturally, home values are not uniform across the country, and in nearly every state, there is at least one ZIP code where the median home sale value is well above the national average.  

Housing prices are determined by supply and demand forces as well as what buyers are willing to pay and thusly influenced largely by what they are inclined to offer. Not shockingly, in places where the median home sale price

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The inauguration of Joe Biden as the 46th presint of the United States at noon on Wednesday, January 20, 2021, will mark the commencement of the four-year term of Joe Biden as president and Kamala Harris as vice president and Southeast Florida is prepared. The outgoing president's term ends at noon local time on the 20th. Biden is expected to take the oath of office at noon Eastern time. The oath of office is as follows: 

"I do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservation or purpose of evasion; and that I will well and faithfully

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For the first time ever a mainland home in Northern Palm Beach County has broken the $30 million dollar mark. An incredible 30,000 square foot estate is the most expensive home ever listed in Jupiter and brings the community into the exclusive $30 million and up club. The property is owned by racing legend Johnny Gray and is being listed at $ 32.5 million. The Admirals Cove estate property features six bedrooms, seven full and three half bathrooms, an air-conditioned 25-car state-of-the-art garage with workshop and indoor parking for a tour bus, a million-dollar movie theatre crafted by an associate of film legend George Lucas, a gym, a commercial elevator, state-of-the-art electronics including drop down TV’s and sound system, a trophy room, a

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Southeast Florida real estate predictions for 2021 are favorable! The National Association of Realtors chief economist, Lawrence Yun, has readied real estate predictions for 2021. Last year the housing market was on fire with record-low mortgage rates and relocations made possible by remote job opportunities.

It is anticipated that home sales will maintain+ the 2020 momentum and will carry into 2021. The record low mortgage rates have been the key factor for home buying despite a challenging pandemic plagued job market.  Jobs will steadily recover especially knowing that the vaccine distribution is just around the corner.

Expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020’s already high levels. While it is

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SeaGlass residences on Jupiter Island officially held its groundbreaking ceremony earlier this month. The luxury “boutique” style twenty-one residence, 10-story condominium development is nestled between the Atlantic Ocean and Intracoastal Waterway on exclusive Jupiter Island in the village of Tequesta, FL.

With a projected completion timeframe of Fall 2022, each of these expansive three-and four-bedroom corner residences maximizes unobstructed, panoramic ocean-to-Intracoastal vistas, and spans 3,781 to 5,323 square feet of living area. The exclusive 21 residences will feature expansive private terraces with summer kitchens, floor-to-ceiling glass, private climate-controlled two-car garages, and a private entry elevator. 

For more information,

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A private exhibition of 40 exquisite one-of-a-kind pieces at the new Sotheby’s pop up gallery in Palm Beach. It is a rare opportunity to view master jeweler Glenn Spiro’ high-end creations. The Sotheby’s gallery at 150 Royal Poinciana Plaza in Palm Beach will be exhibiting 40 one-of-a-kind pieces from the House of ‘G.’ Jewels typically reserved for Spiro’s private ateliers in London and Geneva will be on view starting December 9 through the end of the year via an appointment-only salon. 

The exhibition offers the perfect opportunity to pick up that last-minute holiday gift. Do NOT forget your Black Card!  Highlights include a jaw-dropping statement necklace, set with 27 Colombian cushion-shaped emeralds weighing 236.32-carats set in green titanium with

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 The National Association of Realtors held its Real Estate Forecast Summit where several experts weighed in on projections of what the market may look in 2021. The following predictions (re-posted verbatim to avoid miscommunication) are either from a survey of more than 20 housing and economy experts, or the Residential Outlook panel held during the Summit.  Palm Beach County properties will most likely follow the predictions.  It is best to discuss the specific area of interest with one of the Waterfront Properties real estate specialists, who are knowledgeable of the market.  

Real Estate Market Forecast predictions that emerged at the Summit:

1. “Housing prices will continue to rise — Experts anticipate that prices will increase by 8.8%

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Finance titan Goldman Sachs is on the move and Palm Beach County could very well be its final destination. It has been widely reported that Goldman Sachs will be moving an $8 billion dollar division of its company to the sunshine state.

The report comes after many major companies have fled the high taxes and clustered New York City work places, many of which have since set up in South Florida. Billionaire Paul Singer recently set up his $41 billion dollar hedge fund in West Palm Beach and fellow billionaire investor Carl Icahn recently made his move to Miami.

Florida offers plenty of obvious advantages for business looking for an escape from the Northeast, especially this time of year. The sunshine, sandy beaches and incomparable tropical lifestyle

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  On behalf of our entire family of staff and agents at Waterfront Properties and Club Communites, we wish to express our sincere thanks and gratitude to our clientele for putting faith in our proficiency in aiding their real estate tranasactions.   Kindest regards,   Rob Thomson    Waterfront Properties & Club Communities