Market Updates

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    

 

Imagine…just ONE thing you need to do when trying to sell your home.  What could it be?  So many things come rushing to mind, but could it be so simple as to only require one thing?  The real estate specialists at Waterfront Properties and Club Communities of Southeast Florida have the answer! 

Let an expert light the way with the one thing needed to get your home sold.It really is that simple, but by nature we humans fight simplicity.  Price your home correctly! Yes, that is right, according to Realtor.com, pricing your home right is the one thing you need to do to sell your home fast.  This applies to the property that is in pristine condition, in need of repairs, one that backs up to a busy street or any home for that matter. The one thing

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The South Florida real estate market continues to garner national headlines as business expands into the condo market. For months, million-dillion single family home sales were surging and it seems like that surge has bled into the condo market in Palm Beach County. 

According to appraiser Miller Samuel Inc., in the last month, signed contracts for condos worth at least $1 million jumped 300% from a year earlier. Palm Beach County has become a popular escape for the Northeast city residents that are seeking less congested area's during the pandemic. Single-family homes continue to benefit from the influx of new residents, but the boost in the condo market has greatly increased as we head into the winter months up north. 

Palm Beach County offers

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