Properties coming to the market are being priced at record highs. Experts watching the economy state that these prices are not indicators of another market crash on the horizon. The term “housing bubble” is a scary one, but that is not what is happening today.

CoreLogic reports that two times as many urban markets are overvalued. This means that prices are inflated compared to the incomes of people looking to buy in these areas. This is a comparison between the second and first quarter numbers of this year. The values on these homes are not expected to fall anytime soon, which is the opposite of what a bubble is. Bubbles eventually burst. These home prices are high because there is limited inventory in desirable areas. Not because of sketchy selling…

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The Metropolitan in Downtown Delray Beach's SofA District

Upscale condos could be headed to Delray Beach's up-and-coming SOFA district — if the city bends some of its downtown development rules. On Tuesday, commissioners will consider approving plans for a 48-unit condo called The Metropolitan, which would include shops, office space and a public plaza. The 5-story building would be built on the northeast corner of Southeast Third Avenue and Southeast First Street in an area marketed by the nickname SOFA, for its location south of the city's bustling Atlantic Avenue. City officials are branding SOFA as the city's newest urban neighborhood. The Metropolitan would join several other developments aimed at attracting young professionals who want to live just off Atlantic and close to the beach.

"I am excited…

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An affiliate of Siemens Group paid $13.5 million to acquire the site of the Akoya condominium project at the Boca West Country Club.

BW-PC LLC, an affiliate of the country club, sold the 6.8-acre site along Boca West Drive to BW-INV LLC, an affiliate of Boca Raton-based Siemens Group led by veteran developer Richard Siemens. The site last traded for $2.35 million in 2007, when Walt Disney World sold it to the club.

Akoya features 140 units with reduced prices now ranging from the $800,000s to over $2 million.  Original pricing started at $1.2 million for decorator-ready units, meaning no finishes, flooring, or fixtures.  Akoya condos will now be delivered with luxury appointments and features including gourmet kitchens with Wolf and Sub-Zero…

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New Construction Homes by GL Homes

Known as one of America’s best home builders, GL Homes has been atop the residential new construction industry since it was first established in 1976. Recently however, GL Homes has been at the top of their game with the highly successful Canyon communities and the Valencia active adult communities.  GL Homes currently has operations in four Florida counties including Palm Beach, Collier, Lee and Hillsborough, although there may be no better showcase of GL Homes' fantastic developments than right here in Palm Beach County, Florida. As the second largest county in the state, as well as the wealthiest as of 2004, it seems to make sense why GL Homes and various other home builders have such a strong presence here, and given its desirable waterfront…

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Luxury Lakefront Estate Home in the Equestrian Club of Wellington

12533 Equine Lane, Wellington, FL 33414 Absolutely stunning two-story lakefront estate home. Boasting over 4,100SF of living space, Situated on a premium waterfront lot (15,000SF) offering the best wide lake views and ultimate privacy. Beautiful 24-inch porcelain tile floors throughout with Crema Marfil marble staircase. Chef's kitchen features stainless steel appliances including a commercial grade Thermador six-burner gas range, Maytag double wall ovens, granite countertops, wood cabinetry with pull-outs, walk-in pantry, and even a 500-bottle wine room! Impressive wrought iron and wood railings. Soaring 21-foot ceilings and two-story window in the formal living room provides the perfect amount of natural light. First…

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Upping the ante on Mizner Trail

In November, there was news of a proposed settlement of the lawsuit resulting from Palm Beach County’s approval last June of development on the old Mizner Trail Golf Course. I can report that in December there was a second offer.

The main plaintiff in the lawsuit, which argues that the county’s approval is illegal, is the Boca Del Mar Improvement Association. It’s the umbrella group for all the homeowner associations in Boca Del Mar, between Camino Real and Southwest 18th Street west of Military Trail. Mizner Trail is one of two golf courses in Boca Del Mar, which was developed 40 years ago. The other plaintiffs are a small number of residents.

The first offer was $250,000 to the improvement association. The…

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The Downtown Boca Raton new construction craze continues with the latest project being Tower One Fifty Five. This condominium building, by Compson Associates Inc., is a twelve story building to be located on a 1.2 acre site on the 100 block of East Boca Raton Road.  These 1, 2, and 3 bedroom condos will vary in size from 743 to 2,475 square feet, and are predicted to be moderately to luxury priced between $450,000 and $2,000,000, averaging at around 500 per square foot.  There will be four (4) duplex-style 2-story penthouse units with soaring ceilings and expansive terraces offering views of the Atlantic Ocean, Downtown Boca, and the Boca Resort & Club golf course.  In addition, several townhomes will line the exterior on the south side of the building,…

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327 Royal Palm Condos in Boca Raton, FLSales began today at the opening of the sales center for 327 Royal Palm, the latest addition to Boca Raton's luxury residential market, featuring exquisitely appointed residences that combine contemporary architecture, amenities and location to suit a vibrant lifestyle. The project and sales center are located at 327 East Royal Palm Road, Boca Raton, FL 33432.

Located within walking distance to Boca Raton's best restaurants, shopping and beaches, 327 Royal Palm will feature expansive 3-bedroom plus den residences ranging from 3,177 to 3,500 square feet, designer Italian kitchens with premium Sub-Zero and Wolf appliances, and an access-controlled private elevator entry into each apartment.

Group P6, the project's real estate developer, hired renowned…

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New listing for sale in Boynton Beach, FLBeautifully upgraded lakefront home in the heart of Boynton Beach, Florida!  This home has been completely redone from top to bottom with the most exquisite finishes throughout!  The oversized lot sits on a private and serene lakefront location with views of the sparkling blue water and the fairways on the Westchester Country Club golf course in the distance.  

The home features bamboo wood flooring throughout, hurricane impact resistant glass, a new roof in 2008, brand new air conditioning units, and a drop-dead gorgeous kitchen with unique granite countertops, Italian cabinetry, and top-of-the-line stainless steel appliances. Both bathrooms feature solid surface countertops and seamless glass enclosed showers with marble flooring.  The spacious…

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A solid game plan can help you narrow your homebuying search to find the best home for you.

House hunting is just like any other shopping expedition. If you identify exactly what you want and do some research, you’ll zoom in on the home you want at the best price. These eight tips will guide you through a smart homebuying process.

1.  Know thyself.

Understand the type of home that suits your personality. Do you prefer a new or existing home? A ranch or a multistory home? If you’re leaning toward a fixer-upper, are you truly handy, or will you need to budget for contractors?

2.  Research before you look.

List the features you most want in a home and identify which are necessities and which are extras. Identify three to four…

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