Singer Island Market Update – 1st Quarter 2020

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To our friends, colleagues, and customers… We hope you are staying healthy and safe. In these trying times, as we all navigate through uncertainty, at Walker Real Estate Group, we want you to know, we are “Open for Business”.  Every effort is being made to connect with our customers/buyers/sellers via the internet. We have been using “visual tours”, face time …

Singer Island Market Update – February 2020

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2020 is starting out to be quite an interesting year – the political season is starting to ramp up with the presidential primaries in full swing, great weather for our seasonal residents and an economic boom like no other. The real estate market on Singer Island seem to be following suit with an up-tick in activity. Walker Real Estate Group …

Singer Island Market Update – 4th Quarter 2019

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2019 saw the real estate market soften on Singer Island with a 10% decrease in the number of re-sale units sold and a 6.5% percent decrease in the sales volume compared to 2018.  This softening was caused, in part, by the reduction of foreign sales.  Thirty-five percent of real estate business in South Florida historically coming from foreign investment.  The …

Singer Island Market Update – November 2019

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With the year-end rapidly approaching, it’s time to reflect back on 2019 as well as look ahead to 2020.  The weather has turned cooler and everyone is prepared for the holidays; retail stores have decorated for the Christmas holiday.  2019 condo sales continue to remain somewhat lackluster compared to this point in 2018. In November, there were 9 re-sale closings …

Singer Island Market Update – October 2019

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As we enter November, the thought of cooler weather is on everyone’s mind.  Condo renovations are winding down as the “no noise” season approaches and everyone is starting to prepare for the holidays.  Many of the retail stores has already decorated for the Christmas holiday.  2019 condo sales continue to remain somewhat lackluster compared to this point in 2018. In …

Singer Island Market Update – 3rd Quarter 2019

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Hard to believe it’s October already.  Entering the 4th quarter of 2019, we are looking forward to the cooler temperatures and increase activity in the real estate market.  Singer Island saw a slowdown in activity towards the end of 2018 which has carried into 2019.  There were 122 condominium re-sales on Singer Island in the 1st nine months of 2019, …

Singer Island Market Update – August 2019

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“We are thankful that Hurricane Dorian turned north just east of the Palm Beaches, sparing us from its damaging winds and rain.  Our thoughts and prayers go out to those in the Bahamas who have been affected by the devastation and hope for a speedy recovery.” With Labor Day signaling the official end to summer, we are looking forward to …

Singer Island Market Update – July 2019

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2019 continues its sluggish performance with condo re-sale closings decreasing 19% and sales volume decreasing 23% compared to this time last year. Let’s take a closer look at the results in oceanfront condominium re-sales for the first seven months of 2019 on Singer Island: There have been 96 condo re-sales on Singer Island through July 2019.  The sold prices averaged …

Singer Island Market Update – 2nd Quarter 2019

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As we end the 2nd quarter of 2019, a decelerating of real estate activity can be seen on the island.  There were 86 condominium re-sales on Singer Island through the 2nd quarter of 2019, a twelve percent decrease over the same period in 2018; sales volume saw a 18% decrease as well decreasing from $80.6M this time in 2018 to …