Economists, real estate agents and industry leaders have all predicted that a busy summer market will make up for the decrease in real estate activity in spring caused by Covid-19. Many markets that can meet buyer's current needs have seen this uptick in activity. Suburbs like The Hamptons and Lake Tahoe are seeing an influx of new residents that need more space than their respective cities can offer. Tax-havens like Florida and Texas are also seeing the same boost in activity as the draws of city life such as fine dining and worldly entertainment fade away while the premium price remains.
We are seeing this increase in activity in the local Boca Raton and Delray Beach markets. In July, we closed eleven sales to total over $8.5M. We've rounded them up below:
Perfect Family Homes
12751 Yardley Drive
Boca Falls
19635 Biscayne Bay Drive
Boca Isles South
8014 Canary Island Way
Gateway Palms
21335 Gosier Way
Boca Falls
Out East
290 NE 5th Avenue, 18
Delray Sebastian
135 N Cannery Row Circle
Cannery Row
858 NW 83rd Lane
Peninsula Village Greens, Central Park
1226 Southways
East Delray Beach
New Construction
19887 Meadowside Lane
Berkeley
11832 Windy Forest Way
Berkeley
17334 Rosella Road
Boca Bridges
As we move into the final stretch of summer, stay tuned for new listings that we are excited to bring to market. Also, keep an eye out for an invitation to our third live discussion with Jesse Feldman of Compass New York and Kelly O'Kelly of Compass New Jersey. We will be further discussing the real estate market's comeback and where the greatest values are right now. (Hint: Keep an eye on The Big Apple!)
