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Ponte Vecchio Real Estate Market Update Boynton Beach FL

Ponte Vecchio Real Estate Market Update 

By Sergio Lucena PA 

Ponte Vecchio, an upscale community located in Boynton Beach designed with active adults in mind and landscaped main entrance and 24-hour manned gate.Ponte Vecchio features single-story, single-family mediterranean-styled homes suited for homeowners who are ready to enjoy a fun and active lifestyle with activities and amenities galore. 

Ponte Vecchio Update YTD 

PONTE VECCHIO		List Price	Sale Price	CDOM
Sold Home YTD
Average		$331,375	$319,492	71
Median		$317,500	$307,500	52
Low		$239,900	$232,500	2
High		$489,900	$460,000	257
Number of listings Sold		12

Home prices are higher than ever right now! Find out the TRUE value of your home INSTANTLY for FREE

Homes Sold In Ponte Vecchio YTD 

 Address                       Sold $      *   Sold Date

9077 Taverna Way	$352,900	257	07/15/2014
7339 Trentino Way	$315,000	2	07/03/2014
7363 Trentino Way	$300,000	35	05/27/2014
9057 Livorno Street	$277,500	65	05/15/2014
6581 Garde Road	$349,999	6	05/05/2014
7348 Trentino Way	$232,500	122	04/15/2014
6586 MAGGIORE Drive	$325,000	61	04/02/2014
7198 Treviso Lane	$289,000	35	03/27/2014
7279 LOMBARDY Street	$300,000	17	03/24/2014
9048 Padova Drive	$342,000	58	02/26/2014
8956 Torcello Way	$460,000	45	02/25/2014

* DOM Days on market

Information is deemed to be reliable, but is not guaranteed. © 2014 MLS, Prepared by Sergio Lucena PA  on Saturday, August 02, 2014 5:50 PM. The information on this sheet has been made available by the MLS and may not be the listing of the provider

Market Value of Your Boca Home

Market Value of Your Boca Home 

By Charles Wiener PA and Sergio Lucena PA
Your house is more than just an investment, it is your home. As you begin the process of distancing yourself from the place where you made so many lasting memories you will begin to think about what your home will be worth to someone else.

You may have seen what other homes in your neighborhood have sold for or kept an eye on local listings. I will send you a FREE report about your home value  that is an in-depth version of any research you may have done on your own.

How do we estimate a market value of your home. We'll calculate our best estimated home valua

tion using the several homes records in our database.

Did you know that professional appraisers use the Multiple Listing Service to determine what your home is worth?

I can have a Market Value of your Home.I will provide my  new service to you and can get access to the same information appraisers have.

Downtown Delray Beach is the perfect location to call home.

Downtown Delray Beach's ocean breeze and climate is the perfect location to call home.By Sergio Lucena PA.

Apartments, condominiums, historical homes to beach front living, with temperatures ranging from the mid 70's for most of the year.

Parks, historic museums, theaters and Public Library to bike rentals, yacht cruises, miniature golf, sidewalk cafe, you can always find a wonderful happening here, both Night and Day in Downtown Delray!


Visit unique galleries and boutiques on Atlantic Avenue by day; enjoy a night of dining and entertainment at any of Delray Beach’s award winning cafés or restaurants you will instantly feel the warm and friendly atmosphere that makes downtown Delray Beach such a joy to visit.
 www.FindHomesInDelrayBeach.com

Three Thousand South boasts of an unobstructed view of the Atlantic Ocean.

Boynton Beach Real Estate Market Update - June 2014

Boynton Beach Real Estate Market Update 

June 2014

By Sergio Lucena PA 

Normally April, May, and June are, without question, the busiest months of the year and the peak for closed single family home sales in Boynton Beach have typically been established during one of these months.The month with the highest amount of closed sales customarily marks the pinnacle of the real estate season. However, June 2014 statistics reveal a date different story when compared to the past.This year, on the other hand, closed sales only decreased 0.2 percent compared to May suggesting that the real estate market is experiencing some significant changes in the single family home category. The peak of this year’s real estate season has spanned into multiple months thanks to the pristine condition of the market. Astonishingly, April,May, and June 2014 had the greatest finishes in five years for closed sales and with new pending sales up over last year, this year’s peak has lengthened in duration. Combined closed sales for April, May, and June are almost thirteen percent higher compared to those months in 2013, marking another astonishing benchmark. The heightened activity of the real estate market probably isn’t over either. Early indications suggest July could continue into record-breaking territory. ( See Chart Below)

New Real Estate Market Update - Boca Raton FL

 

Normally April, May, and June are, without question, the busiest months of the year and the peak for closed single family home sales in Boca Raton have typically been established during one of these months.The month with the highest amount of closed sales customarily marks the pinnacle of the real estate season. However, June 2014 statistics reveal adifferent story when compared to the past.This year, on the other hand, closed sales only decreased 0.2 percent compared to May suggesting that the real estate market is experiencing some significant changes in the single family home category. The peak of this year’s real estate season has spanned into multiple months thanks to the pristine condition of the market. Astonishingly, April,May, and June 2014 had the greatest finishes in five years for closed sales and with new pending sales up over last year, this year’s peak has lengthened in duration. Combined closed sales for April, May, and June are almost thirteen percent higher compared to those months in 2013, marking another astonishing benchmark. The heightened activity of the real estate market probably isn’t over either. Early indications suggest July could continue into record-breaking territory. ( See Chart Below)

Properties in both single family homes and townhouse and condo categories continue to appreciate to some
of their highest levels. The median sale price for single-family homes increased year over year by 17.9%
percent.

For more information on these record-breaking Palm Beach County market statistics,
 Call me at 561 288 0907 or e-mail me at Charles@WienerLucena.com

For Your FREE HOME VALUE CLICK HERE

 By Charles Wiener PA & Sergio Lucena PA

Real Estate Market Insider Boca Raton Florida

Market Insider Boca Raton FLorida 

The data on this page is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you're a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Become a Market Insider

Get FREE access to valuable market data!

     
By comparing these price trends, you'll have a good idea of where the market is heading.
The median listing and sold property prices are calculated based on the market activity each month.                                                                                                            

Boca Raton Florida Market Update

Boca Raton Florida Market Update

"Inventories are at their highest level in over a year, and price gains have slowed to much more welcoming levels in many parts of the country," NAR Chief Economist Lawrence Yun says. "This bodes well for rising home sales in the upcoming months as consumers are provided with more choices.New home construction needs to rise by at least 50 percent for a complete return to a balanced market because supply shortages – particularly in the West – are still putting upward pressure on prices."
Boca Raton is a little different than other parts of the Country. See picture below and you can see that was an increase in news listing coming to the market and sales is up 5% from 2013 in the same period.Median price of homes in Boca Raton is up 13.1%.

4 Reasons You Should Sell Your Home Right Now FREE REPORT 

4 Reasons You Should Sell Your Home Right Now FREE REPORT 

Over the last several years, we have seen record low interest rates on mortgages.  This was primarily in an effort to allow folks to continue to afford to buy properties and promote growth.  The lower rates have allowed for the housing market to begin the slow process of healing.  However, the past few months have seen interest rates gradually begin to increase.  Further, these rates are projected to continue to go up steadily over the next year, and beyond, by the Mortgage Bankers Association. Check out the following figures.

• November 2012 boasted a record low interest rate on a standard 30-year mortgage loan at 3.31%. (businessweek) A 30-year mortgage is often the go-to loan for new homebuyers because they offer a low and affordable monthly payment plan. This lower payment allows buyers to purchase a more expensive home than they possibly could with a 15-year mortgage loan.
   
• As of February 1, 2013, that rate increased to 3.53% for the same loan. Obviously, this is not a huge hike, but the increase isn’t following the trend of the past few years by going back down. Rather, this interest rate is holding steady with projections to creep up even more. (businessweek)

4 Reasons You Should Sell Your Home Right Now FREE REPORT 

How To Avoid Buying a Money Pit

How to Avoid Buying a Money Pit

There's an old saying that a boat is nothing more than a hole in the water that you pour your money into. Boats are expensive – from the purchase to the ongoing maintenance – and boat owners throw a lot of money into that hole.

If that's true, then it's easy to imagine a house being a hole in the ground, ready to swallow a fortune. Sadly, many of them are just that, but it doesn't have to be that way.

If you're house hunting, it's easy to be swayed by design features and miss the red flags that signal the home may just be a money pit.

An Important FREE Guide To Your Home Buying Adventure.

Evidence of Deferred Maintenance

Ah, real estate lingo. Get ready to learn a whole new language as you go through the real estate transaction. One of the terms you may frequently hear, especially from your agent and home inspector, is "deferred maintenance."

Deferred maintenance is, simply, the putting off of routine home maintenance. Whether because of procrastination or lack of funds, many homeowners fail to perform the tasks that a house requires to remain in good condition.

For instance, failing to replace a cracked or broken wax ring on a toilet can lead to huge repair bills. Caught early, it's a relatively inexpensive fix. If not attended to, however, moisture will seep from the toilet, intruding into the flooring and even the subfloor. Mold may form. Before you know it, you're looking at not only fixing the toilet but replacing the flooring as well.

Let's take a look at some signs that a homeowner has put off performing routine but critical maintenance:

Cracks in the walls – Although this may be just a result of natural home shifting, a crack in the wall may be a symptom of a larger problem. Vertical cracks are typically harmless. Horizontal cracks, or jagged cracks that run at an angle, on the other hand, deserve closer inspection. These may indicate foundation shifting or water damage.

Ceiling stains – Stains on the ceiling are common and indicate a problem somewhere above the stain. The problem may be a roof leak or defective chimney flashing, allowing rain and snow to seep through.

Ceiling stains may also indicate condensation. If the stain is near the bathroom's exhaust fan, condensation is most likely the culprit, and an uninsulated duct in the attic may be the cause.

Then, there is the obvious plumbing leak. If an upstairs bathroom is located above the stain there may be a leak in the tub, toilet or sink. Press your toes around the floor along the edge of the toilet's base. If it feels spongy, the toilet may be leaking. A home inspector has a tool to test a stain to determine if it is wet or dry. A dry stain means that the problem no longer exists while a wet stain means the problem persists.

Firewood piles – If you live in a region where wood-destroying pests are a problem, such as California, the Pacific Northwest and Michigan, a pile of firewood acts as a magnet for them. If that wood pile is stacked against the side of a house, there is a chance that the home may be infested with termites. A pest inspector is your best resource if you suspect there may be wood-destroying pest damage in a home.

Musty odors – Many houses contain hidden health hazards, and one of the biggest is indoor air pollution. Some pollutants, such as radon gas, are impossible to detect by smell and require the help of a professional. Others, such as mold, are sometimes either visually evident or you can smell them. Mold is one of the most common indoor air pollutants, and we inhale the spores every time we take a breath. If the air smells musty, there is most likely mold somewhere in the home. Hire a certified mold inspector to go through the home before signing on the dotted line.

Sticking doors and windows – Open and close all interior windows and doors in the house. If they stick and aren't painted shut, it may be an indication of the foundation shifting. Look at the top of the sticking doors for a gap. This is another indication of the same problem.

While you can never completely eliminate risk when you buy a home, you can reduce it by exercising "due diligence," another of those terms you'll hear bandied about during the home-buying process. Due diligence simply describes your duty to investigate the condition of the property before you buy it. Many homebuyers rely on professional home inspectors to fulfill this aspect of their investigation, and there is nothing wrong with that. By knowing what to look for, however, you can guide your home inspector to those areas of the home that you think require extra scrutiny.

One final note: Certain types of deferred maintenance may sabotage your mortgage loan during the appraisal. Something as simple as broken or cracked windows can hold up an FHA-backed loan, and signs of larger problems, such as water damage and suspected mold infestations may cause a lender to demand further investigation and even repairs prior to closing.

Should You Skip the Home Inspection for a Better Deal?

Should You Skip the Home Inspection for a Better Deal?

When real estate markets are moving quickly, sellers sometimes become uncompromising. Why make concessions if your home is leading the neighborhood's Ms. Popularity contest? This may lead buyers, caught in the frenzy of a bidding war, to become reckless, yielding one of the most important aspects of the purchase process: the home inspection.

What an Inspection Won't Do

Let's face it: We don't buy homes frequently, so the process can be a bit confusing. The home inspection is one of the most commonly misunderstood processes in the real estate transaction.

Just as a home appraisal won't tell you that the heater is about to go kaput, a home inspection won't tell you what the home is worth. These are two different processes, initiated by two different parties. The appraisal is bank-ordered. The lender uses the appraisal to ensure that the home is worth what you've promised to pay for it.

While a large home inspector training institute likes to claim that the inspection is "all-encompassing," it is far from that. That's not to diminish the value of the process – it is extremely important. But it can't tell you, for instance, what might be growing or breeding behind the walls or if there is a dangerous radon level in the home.

The home inspection is also not a guarantee that the home will be in the same condition when you take possession as it was when the inspection was performed.

The typical investigation by a home inspector is a visual one. He or she will look at the home's roof, structure and major systems, such as plumbing, electrical, HVAC and ventilation. If an inspector can't see an area for whatever reason – access is blocked by the owner's belongings or it's locked – she can't investigate it and therefore won't include it in the report.

www.PricemyBocaHome.com

What a Home Inspection Provides

Since a home is such a huge investment, it only makes sense to be concerned about its condition. A home inspection may just save you thousands of dollars. More than anything else, a home inspection by a licensed professional provides peace of mind.

The inspector will run the heating and cooling system and investigate the water heater. While in most cases an inspector doesn't have access to the heat exchanger in the furnace, he can tell you the condition of the filter. He has no way of knowing the condition of the wiring behind the walls, but he can test the system for shorts.

The best home inspectors will recommend further inspection by an appropriate contractor. For instance, if he feels there may be a structural problem, he may recommend that you contact an engineer. If he notices evidence of wood-destroying pests, he may recommend that you have the home looked at by a pest inspector.

www.PricemyDelrayhome.com

Should You Waive the Inspection Contingency?

In a multiple-offer situation, a buyer who waives the inspection contingency is most likely going to prevail. What seller wouldn't relish the thought of a quicker close and fewer headaches, not to mention saving a ton of money if something happens to be wrong with the house?

But, by the same token, cash-strapped buyers need to know if the house they are about to buy has bad wiring, a leaky roof, a heating system on its last legs or anything else that may cost thousands of dollars to repair.

Buying a home without having it professionally inspected is the same as buying it as-is. If you've ever purchased a used car from a private party, you understand that you may be buying someone else's headaches. Even knowing that, the feeling that you may end up on the side of the road with a broken-down car is hard to shake.

Transfer that feeling to what will probably be the largest investment you make in your lifetime, and it's easy to understand why the home inspection has become a routine and vital part of the home-purchase process.

www.PricemyBoyntonHome.com

Make it Easy on the Inspector

As a buyer, you have no control over whether or not the seller will clear access to the areas of the home that the inspector needs to see. Ask your agent to add an addendum to the purchase agreement requesting that the seller provide the following:

Clear access to the attic - Inspectors are not allowed to touch or move personal items. If she can't get to the attic access without moving things out of the way, the attic won't be inspected.

An empty dishwasher - Home inspectors run through each cycle but will not do so unless the appliance is empty.

Access to the electric panel - Ask the seller to move boxes or anything else that may be blocking the electric panel.

Clear access to the furnace and water heater.

Plumbing - The water service should be left on. If it is turned off at the main, the inspector will need written permission to turn it on.

A home inspector can't possibly tell you everything that might be wrong with the home you're about to purchase, but you will be reassured that the major systems are in good working order. And that peace-of-mind is something you should never compromise on.

Broken Sound Country Club Boca Raton FL

How To Sell Your Home That You Owe More For Than It's Worth...

WITHOUT Having To Bring ANY Money To Closing!

The consultation is 100% free so you have nothing to lose. So 
go ahead and fill out the form to the right to request your
free consultation with your local real estate expert now.

After you fill out the form to the right I will contact you to provide 
you with your free consultation so please make sure to enter 
your best contact information for you to be reached at. So fill 
out the form to the right now to find out what your options are. 

"Why are you able to offer this free consultation?" you may ask.Simply because I'm a real estate agent who specializes in helping owners like yourself sell their over-financed homes without the owner having to bring any money to closing.

In your free consultation I will also show you how I can help you negotiate with your bank and get your home sold. I'm able to offer my consultation for free because I know that a lot of owners like you will see the value in the services I provide and may choose to use them. Of course there is no obligation of any sort to use any of the services or resources I provide and my goal is for you to get a ton of value out of my free consultation regardless of whether you choose to use my services or not.