2012 To Be Palm Beach County’s Real Estate-Revival?
It’s no secret that the real estate market has had a tough time in recent years. For Palm Beach County, the demand is there and the supply is not–a clear sign that the real estate market is on the road to recovery. This is fabulous news for your Boca Raton movers here–we want to see the economy pick itself back up here in Boca and beyond. Low supply equals tighter prices, so the local housing market shouldn’t drop in coming months.
While there is no guarantee, your professional movers are hopeful that 2012 is the beginning of the end of the tunnel for real estate troubles. Keep your fingers crossed.
Wishing you and yours a fabulous New Year!

Downtown Boca To Gain Excitement
In Palm Beach County, Delray Beach and West Palm Beach both of popular nightlife areas (Atlantic Ave. and Clematis St., respectively), and now it seems Boca Raton might be getting a nightlife boost as well.
A development company has purchased 5.8 acres with intentions of building a mixed use project–residential, commercial, and everything in between. Specifically, the structure will have nine story residential towers with 15,000 square feet on the ground floor devoted to retail space, offices, and dining dubbed the Palmetto Promenade.
The Boca Raton movers are excited to see a jolt of life hit the downtown Boca area. Having something local rather than heading to Delray and beyond will be nice and convenient.
Renowned Boca Apartments Purchased
The Heritage Luxury Apartments located on Palmetto Park Road in Boca Raton have been purchased by means of an all-cash purchase ringing in at just under $68 million. That breaks down to about $274,000 per apartment.
The complex has a prime location–one mile from the Atlantic Ocean and close in proximity to Mizner Park and Town Center Mall. At the time of sale, the complex was at 92% occupancy.
Here at the Boca Raton movers, we feel the Heritage is a beautiful complex for young professionals, families, and baby boomers alike.
West Palm Condo Project Scrapped
The West Palm movers have learned that a proposed luxury condo development has been scrapped indefinitely, a decision made the day before a meeting was set for the city commission earlier this week. The project was expecting approval, as commissioners had expressed disinterest in the opulent development and how misplaced it would be in the historical area of town. The high end development project was to be located at 4400 North Flagler.
The plan was to undergo revisions, cutting down unit quantity and adding amenities–all among requests that would devalue the property in the eyes of the builder. The inability to reach an agreement on what had to change fueled the decision to end development permanently.
Juno Beach to Get Waterfront Condos
A new Intracoastal housing development is in the works on Juno Beach called Bay Colony. The complex was started in the 1980s yet ceased construction efforts, and the property was sold in the 1990s and still not reinstated.
The latest buyer, Matthew Montgomery of GroundStone Inc., is buying the undeveloped land and existing buildings to finish the project. He plans to have 116 units in seven four story buildings. They will vary from 1-3 bedrooms and will be priced between $280,000 and $579,900.
The waterfront property is a favorite locale of the West Palm movers–with boat slips, tennis courts, and a clubhouse for residents, the community is poised to be a hot spot in the Jupiter and Juno Beach vicinity.
Where Americans Want to Live
According to Trulia.com, parts of Florida and California have the highest proportion of home searches, both among out of the area searchers and also locals. 100 million searched were analyzed to get these results.
The poll is a great peek into what areas Americans want to live in these days. All of the top cities gaining momentum are in the Sun Belt of Florida, namely the Sarasota area at #1, Fort Lauderdale at #4, West Palm Beach at #5, and Orlando at #10.
To break it down, east coast cities like Boca Raton get searchers from New York and New Jersey areas, while Sarasota gets hits from Chicago residents and other Midwest locales.
All signs point to an improving Florida real estate market, which is plenty of reason for the Boca Raton movers to smile. If you’re thinking of coming to the area, come on down and call your friends at All My Sons for great rates & red carpet service!
Technology Jobs Opening in West Palm
Several opportunities are coming to Palm Beach County, according to a new article published online, and the Boca Raton movers are happy to share that plenty of job openings will be making their way to our neighborhoods soon. Specifically, new positions will open in Jupiter and also in Riviera Beach.
Signet Diagnostic and Image Skincare are the companies looking to fill spots in Palm Beach County. The technology field has seen popular gains in the Palm Beach area ever since the Scripps Institute opened there in recent times.
Check with company websites to learn more about specific job opportunities and application processes.
Home Sales Up 27% Throughout 2011
2011 has proven to be a stronger year for Palm Beach County real estate transactions. October sales in particular were up almost 30% in comparison with October 2010. totaling in 918 single family home sales in that month alone.
Throughout the state of Florida, home sales were up 13 percent. While September numbers top October’s, they are still progress from 2010. With the home sales topping off at 4.97 million in sales, that’s not s0 short of a healthy market that produces 6 million. Additionally, Florida unemployment and Palm Beach County jobless rates were both decreasing. Matched with all-time low mortgage rates for a 30 year fixed rate, and you’ve got a tempting market that the Boca Raton movers think you should jump on!
First timer? No worries, first-time homebuyers made up 34 percent of transactions throughout the nation last month, so you are among friends here. Quit paying rent and start paying toward a mortgage today.
South Florida Housing is Dominated by Cash Buyers
While many residents of South Florida are still seeking financing for homes, there is a strong amount of cash-paying buyers who are throwing off the market, according to the Sun Sentinel. Many foreign investors are looking to Palm Beach. Broward, and Miami-Dade for investment properties and purchasing up front with cash. Sellers tend to prefer cash, and will take below the asking price, to avoid the bank mortgaging process. This is certainly a disadvantage for families and individuals looking to purchase.
To put it in perspective, the West Palm movers have learned that about five years ago only 10 percent of sales in Broward and 19 percent of homes in Palm Beach counties were paid for in cash. Today, that figure has multiplied significantly–more than 60% of homes sold in Broward & Palm Beach were from cash buyers.
Jobs Expanding Through Palm Beach Down to Miami
Palm Beach and Broward counties’ job markets have been expanding, according to recent reports by the Sun Sentinel. Miami-Dade jobs are also growing, just not at the rate of the neighboring counties to the north. Currently, unemployment in these counties is as follows:
Miami-Dade: 12.2 percent
Broward: 9.5 percent
Palm Beach: 11 percent
If you are relocating to the South Florida area, the West Palm movers want to make sure you get a great deal on a home and also have a job lined up. These milestones will make moving much less stressful on you and your family.