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A Look Inside South Florida’s Real Estate Market - April 2020

Amid these unprecedented times, The Pearl Antonacci Group of Lang Realty is endeavoring to keep you educated on the latest trends in the Miami-Dade, Broward, and Palm Beach County real estate market, as we all prepare ourselves for whatever the future may bring. Whether you have already begun the process of buying or selling your home or are planning to in the near future, arming yourself with the most up to date information is more crucial than ever. See our latest area real estate insights for April of 2020 in the market report and graphs below. 

Our team has separated the monthly data between townhouses/apartments/condos and single-family homes. We have also compared these figures to

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At The Pearl Antonacci Group of Lang Realty, the health and safety of our agents and clients is the top priority.  Here's what we're doing to ensure that we stay connected and continue to provide home buyers and home sellers with impeccable service.

Virtual Tours and Open Houses

We have the ability to take a targeted audience on a virtual journey through our real estate listings via walk-through video tours and Matterport technology which uses a floor plan of the home and 3D technology to take viewers from room to room all on a tablet or computer. 

Using dynamic, agent-guided video promoted via digital, mobile, and social channels, we can showcase the key features of your property to interested clientele wherever they are.  Take a look

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Vini Antonacci and Brian Pearl of Lang Realty recently represented the buyer of a new home located in Golden Oak at Walt Disney World®. The Pearl Antonacci Group sold this estate built by Cahill Homes, located on Hyperion Lane in Golden Oak, Florida for $3,980,000. 

This beautifully designed Tuscan-style home features 5 bedrooms, 5 full and 2 half bathrooms, a 2-bay garage, and over 5,000 square feet of living space.  The front entry includes a serene and impressive foyer with 25-foot ceilings. Elegant porcelain tile runs seamlessly throughout the interior of the ground level and dark stained oak wood is found on the stairway treads and second floor.  The main staircase is made of exotic wood and has wrought iron balustrades with Disney characters

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Opportunity Zones in Real Estate

Savvy real estate investors throughout Boca Raton and Delray Beach are already taking advantage of the savings that a little-known change to the tax code has provided. Dubbed “Opportunity Zones,” these designated sections encourage new development and investments in distressed areas by way of preferential tax treatment.

The best part? Local examples of Opportunity Zones in Delray Beach are currently available for development.

Defining an Opportunity Zone

Opportunity Zones came about as a result of the 2017 Tax Cuts and Jobs Act. The “Investing in Opportunity Act” contained in this legislation allows State and local governments to work together to identify economically-distressed areas ripe for reinvigoration via private capital.

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Moving to a new neighborhood brings with it a long list of questions. What are the neighbors like? Are there kids in the area? It is safe? What are the best places to shop?

Once you’ve made the decision to relocate, these questions and more are bound to arise. Many questions can be answered by your Realtor or your contractor, but information on others may be less forthcoming. As realtors are bound by an oath that upholds fair housing and non-discriminatory practices, there are certain questions they just cannot answer. So, issues like churches in the area or the demographics of your neighbors are simply off-limits.

The Fair Housing Act: why your Realtor can’t always tell you what you want to know

What a Realtor can and cannot disclose is dictated

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And the biggest piece of reader advice: 'Listen to your real estate agent!'

Key Takeaways

  • We asked Inman readers about the biggest mistakes they've seen first-time homebuyers make.
  • These were the top three: not talking to a lender first, waiting too long to make an offer and offering too little for properties.
  • The resounding piece of advice readers offered was: "Listen to your agent!"
As with many things in 2016, the housing market has been plagued with various issues: plummeting inventory, skyrocketing home prices and affordability problems that are keeping some buyers still. However, the National Association of Realtors’ September existing-home sales report revealed a promising silver lining — first-time homebuyers.

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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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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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