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 …

Singer Island Market Update – May 2019

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Nearly halfway through 2019 and the condo re-sale activity on Singer Island is trailing last year at this time.  Year-to-date closings are down 10% overall; with $1M+ re-sales declining 40% from this time last year.  Re-sales of less than $500K did show a 19% increase over last year. Year-to-date closings are down 10% overall; with $1M+ re-sales declining 40% from …

Singer Island Market Update – February 2019

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As we enter 2019, Florida is benefiting from the Tax Cuts and Jobs Act of 2017.  Residents of high-tax cities are increasingly drawn to South Florida after the tax law capped deductions. We are now seeing buyers from California, which in the past, was unusual. New York, Connecticut and Illinois buyers have been regulars to Singer Island, however, the numbers …

Singer Island Market Update – 4th Quarter 2018

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2018 saw the real estate market return to Singer Island with a 10% increase in the number of re-sale units sold and a 27 percent increase in the sales volume compared to 2017.  This validates our January 2017 prediction which stated “With 2017 setting a record pace in the stock market, lower unemployment, increased consumer confidence and 3%+ GDP, the …

Singer Island Market Update – October 2018

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Don’t Forget to Vote – Tuesday, November 6, 2018 The cooler weather is on its way and the November mid-term elections are just around the corner. One of the sure signs of Season approaching is the increase in new listings (43 in October) as owners prepare to sell. With the closing of October 2018, let’s take a closer look at …

Singer Island Market Update – 3rd Quarter 2018

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“Once again, we have avoided the wrath of a hurricane this season on the shores of the Palm Beaches.  We are thankful for that; our thoughts and prayers go out to those in the panhandle of Florida who have been affected by the devastation from Michael, and hope for a safe and speedy recovery.” Hard to believe it’s October already.  …

Singer Island Market Update – August 2018

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With Labor Day behind us, we look forward to “Season and the return of our winter residents.  August has been a quiet month on Singer Island with only 11 re-sales, none of which were over $1 million and only 4 sales over $500K.  Year-to-date Singer Island re-sales are 12% greater than the same time last year.  The completion of Vista …

Singer Island Market Update – July 2018

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2018 continues to show improvement over the last two years with condo re-sale closings increasing 20% and sales volume increasing over 41% compared to this time last year.  In addition to these positive results, Vista Blue is complete and has closed 59% of its units. Let’s take a closer look at the results in oceanfront condominium re-sales for the first …