Douglas Elliman Releases June 2020 New Signed Contracts Report for Florida

Douglas Elliman in conjunction with Miller Samuel, a leading independent appraisal firm, has released its second monthly recurring report for June 2020. The report focuses on the new contracts signed and new listings that entered the rapidly changing market in Douglas Elliman’s Florida regions of Miami-Dade, Broward, Palm Beach, Pinellas, and Hillsborough. Overall, there was a surge in new signed contracts far exceeding year-ago levels, with excess demand coming from the Northeast. However, new inventory level gains have not kept pace with the growth in new contracts.

New contracts and new listings for each property type have been broken out by eight price tranches depending on regional pricing, on a year to year basis. Douglas Elliman will release a similar report to this one once again during the first week of August to disclose data regarding the number of new contracts signed and new listings during the month of July.

Palm Beach County

Key Trend Metrics (Year to Year)

Single Family:

• Number of new signed contracts soared 71.3% to 4,261 contracts

• Listing inventory dropped 19.9% to 1,604 units

• 642 single family homes priced above $1M went into contract, a 114.7% increase from last year

Condo:

• Number of new signed contracts jumped 76.0% to 2,626 contracts

• Listing inventory surged 4.2% to 1,175 units

• Condos priced between $200K and $299K saw a 107.6% incline in the number of signed contracts for a total of 467 

Broward County

Key Trend Metrics (Year to Year)

Single Family:

• Number of new signed contracts rose 76.1% to 4,336 contracts

• Listing inventory decreased by 27.0% to 1,622 units

• There was a 123.2% increase in the number of signed contracts for homes priced between $600K and $799K 

Condo:

• Number of new signed contracts surged 61.4% to 3,154 contracts

• Listing inventory fell 14.2% to 1,403 units

• 78 condos priced between $500K and $599K went into contract, a 116.7% jump from last year

Miami-Dade County

Key Trend Metrics (Year to Year)

Single Family:

• Number of new signed contracts edged up 74.3% to 3,955 contracts

• Listing inventory dropped 25.0% to 1,426 units

• There were 172 homes priced between $800K and $99K that went into contract, a 123.4% increase from last year for similarly priced homes

Condo:

• Number of new signed contracts climbed 54.6% to 4,093 contracts

• Listing inventory slipped 4.0% to 1,918 units

• 643 condos priced between $200K and $299K went into contract compared to last year’s 344

Pinellas County

Key Trend Metrics (Year to Year)

Single Family:

• Number of new signed contracts surged 95.9% to 2,897 contracts

•  Listing inventory decreased by 26.9% to 1,031 units

• There was a 148.8% rise in homes priced between $500K and $599K that went into contract

Condo:

• Number of new signed contracts increased by 93.4% to 1,408 contracts

• Listing inventory fell 12.0% to 512 units

• 28 condos priced between $800K and $999K went into contract, a 250.0% surge from last year’s 8

Hillsborough County

Key Trend Metrics (Year to Year)

Single Family: 

• Number of new signed contracts rose 98.2% to 4,524 contracts

• Listing inventory declined 32.1% to 1,550 units

• There was a 223.9% jump in the number of new signed contracts for homes priced at or above $1M

Condo:

• Number of new signed contracts grew 124.0% to 616 contracts

• Listing inventory declined 18.9% to 223 units

• Condos priced at or above $1M saw a drastic increase of 1633.3% in the number of new signed contracts for a total of 52

by Isabella Zimmermann

Tour Bamboo Hill, Lars Bolander And Nadine Kalachnikoff Kips Bay Decorator Show House in Palm Beach

Bamboo Hill, designed by and the personal residence of one of America's leading interior designers and tastemakers Lars Bolander and wife Nadine Kalachnikoff, has hit the market for $5,900,000. The home was built in 2007 as the Kips Bay Decorator Show House in Palm Beach and showcases the work of 19 of the most celebrated world renowned interior designers. This residence is Dutch and South African inspired design spanning 8,751 SF with 6 bedrooms and 7.5 baths. The main house is 5,868 SF with 4 bedrooms and 5.5 bathrooms with 2 guest casitas also on the property.

Similar to the showrooms Lars Bolander maintains in New York's Meatpacking District his Palm Beach home favors a mix of 19th-century antiques, painted furniture, contemporary art and sculpture, and decorative objects picked up in the Far East and Morocco. The exterior of the home is a mix of architectural ideas that inspired Bolander from around the world. The door is Dutch South African style and the stone dogs are reproductions purchased in Spain.

Outside, the homes gardens were designed by Mario Nievera, he replicated a Persian motif he spotted at a fountain at the Taj Mahal to redefine the garden and guide seating plantings and spiritual paths. The lush backyard also features a pool with cabana and 2 guest casitas.

Bamboo Hill is located at 260 Palmetto Ln, West Palm Beach, FL and is currently listed for $5,900,000 with Gary Goodwin and Gloria Rodriguez-Allsup of Douglas Elliman.

Images via Douglas Elliman

For more information about Bamboo Hill, private showings or purchasing/ leasing information please fill out the form below: