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Market Updates | Palm Beach County Real Estate Blog

Monday, February 24, 2020   /   by Carl Gentile

Florida Homestead Exemption

Everything you need to know about Florida Homestead Exemption
For many home buyers, the process of buying a home is a lengthy, but exciting one! From starting your loan application to making an offer and then finally closing, every buyer will encounter what feels like endless amounts of paperwork, forms, and signing. But once you leave the closing table with your keys in hand, there is still many important things to do, one of them being filing your Florida Homestead Exemption!


The Florida Homestead exemption is an enormous benefit of owning a home in Florida! It's great that in Florida we do not have state income tax, which is one of the many reasons so many individuals are looking to gain Florida residency! The Florida Homestead Exemption reduces the assessed value of your property, therefore reducing the amount of property tax you pay! Who wouldn't want to save money!?

Remember If you purchased and resided in your home after January 1 of the given year, you quali ...

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Monday, December 23, 2019   /   by Carl Gentile

Palm Beaches Real Estate Update | December

With 2019 coming to a close, we saw a lot of exciting events and market shifts take place in the Palm Beaches and Treasure Coast real estate market this year. Good schools, the 2017 Republican tax bill and a construction boom of condos and apartments propelled Boca Raton and Jupiter to the fastest growth rate among Palm Beach County since 2010, a Palm Beach Post review of recently released U.S. Census data shows. Jupiter, FL alone has seen an increase in population of over 14,000 new residents in the past few years, that is almost a 20% increase in population! 



The Palm Beaches real estate market growth was impacted greatly by new construction in 2019. As new communities have sparked up across the county, their attractiveness remains very strong in the outside consumer eyes. A combination of decreasing inventory of resale homes, has shown promising sales for many new construction communities thus far. 

Pending home sales are down again, for the 8th straight ...

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  palm beach county, market updates, jupiter florida, palm beach county real estate, real estate

Tuesday, November 26, 2019   /   by Carl Gentile

Palm Beaches Real Estate Update | October

We are starting to feel the annual migration of sun seeking visitors to our little slice of paradise. Here in the Northern Palm Beaches, we see more cars on the road, more people on the beach, and tables at the best restaurants mean you better have a reservation, or be prepared to wait.



Season has started, and while the big crowds don’t arrive until after we get through the holidays, there is no doubt that the party has already started. This years’ season should be a big one and if the economy keeps churning in a positive manner, local real estate is going to get more expensive.


Back on June 1st, we hit an all time record high of $515,000 and over the summer we watched prices drop for 4 consecutive months. That downward streak ended in October with median single family home prices jumping from $496,250 all the way back up to $510,500.
Sales actually were not that strong, and in October were a full 14% below year ago numbers. It isn’t demand pushing ...

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  palm beach county, market updates, palm beach county real estate, real estate

Thursday, June 20, 2019   /   by Carl Gentile

June Real Estate Market Update

May numbers progressively increased in comparison to April figures in 2019. As economic indicators have improved, Buyers have resurface and are out in full force in the single family market. We predict strong numbers to continue through Summer 2019. Dropping interest rates have increased. once again. the buying power for many home buyers. 

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  palm beach county, market updates, real estate

Friday, May 24, 2019   /   by Carl Gentile

May Luxury Market Update - The Palm Beaches

May - Luxury Real Estate Numbers from April 2019

End of season here in the Palm Beaches usually comes around April 15th, but this year numbers showed different. We saw a 15% increase in number of homes sold from March to April, from 33 to 38 in our luxury market single family homes and a 38% increase from 32 to 44 sold in our luxury condominium category. The Palm Beaches continues to remain as a strong, growing market as people and companies continue to escape high tax states. Inventory continues to drop as a combined total of 14% down from March as season lasts longer and more individuals and families continue to homestead here in the Sunshine State.

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  palm beach county, market updates, jupiter florida, palm beach county real estate