Ocean Land Investment's AquaBlu Designed by Borges + Associates Architects Receives PCO In Fort Lauderdale

Ocean Land Investments, led by Jean Francois Roy, has announced that AquaBlu, their new Borges + Associates Architects-designed For Lauderdale condo, is completed and has received its PCO (Partial Certificate of Occupancy). AquaBlu is the largest of the firm’s five Aqua-branded condominiums which include AquaMar, AquaLuna, AquaVita and AquaVue, all of which have also been completed and offer upscale residences with resort-like amenities that complement the natural beauty of the Fort Lauderdale Waterway and deliver an idyllic waterfront lifestyle. AquaBlu is now set to begin closings.

“We are delighted to see another incredible sales success and closeout of our Aqua-series developments in Fort Lauderdale,” said Jean Francois Roy, President of Ocean Land Investments. “These one-of-a-kind properties showcase the uniqueness of the area, that of sophisticated city living, within a private waterfront environment. Few areas of the country can afford such a setting.”

“We have long-said that the combination of quality and true value has always set the Aqua-series apart,” adds Roy. “We feel privileged to have the confidence of both the public and the real estate community as a whole in helping us achieve this benchmark.”

Overlooking the Atlantic Ocean and Fort Lauderdale’s historic Bonnet House Museum and Gardens, the luxurious 17-story boutique condominium features 35 residences which range from two- and three-bedroom units and in size from 2,136 SF to 4,295 SF. Residences feature unparalleled ocean and Intracoastal views and a cutting-edge contemporary design including sleek, modern kitchens with Italian cabinetry, Sub-Zero and Wolf appliances, quartz countertops, and optional walk-in wine cellar or pantry. Each unit comes furniture ready with flooring, paint and electric shades. Residences feature private elevator access, expansive bedrooms with 10’ high ceilings and walk-in closets, and bathrooms feature frameless, glass-enclosed showers, as well as designer vanities. High-impact, floor-to-ceiling glass windows and sliding glass doors lead to an oversized balcony with water views of the Atlantic Ocean and downtown Fort Lauderdale skyline. Amenities include deep-water yacht slips with ocean access, a state-of-the-art fitness facility, a multi-purpose social and game room, a heated pool, and outdoor barbecue areas. The remaining units at AquaBlu range in price from $1.595 million to $4.495 million.

or more information about AquaBlu private showings or purchasing/ leasing information please fill out the form below:

Four Seasons Private Residences Fort Lauderdale Now Over 50% Sold With Construction Ready To Go Vertical In March

Four Seasons Private Residences Fort Lauderdale, the first-ever five-star development in Broward County, has reported that the tower is over 50% sold. Since launching sales last year, Four Seasons Private Residences Fort Lauderdale has attracted buyers from all around the globe with its world-class design, easy connectivity, desirable location, and comprehensive suite of services and amenities. The development broke ground last spring and is significantly underway, with the superstructure is expected to rise in March. The developers have also brought on a premier construction management firm, Lehrer Cumming, to oversee the project, which is on track to welcome its first residents and guests to the yachting capital of the world in 2020. Four Seasons Private Residences Fort Lauderdale is being developed by Fort Partners, marking the third collaboration between the Miami-based developer and Four Seasons.

“Four Seasons is defining Fort Lauderdale as a global destination and elevating the standard of luxury living in the Atlantic Coastline,” said Nadim Ashi, Founder of Fort Partners. “Four Seasons Fort Lauderdale has captivated buyers with its beautiful, high-class design and comprehensive lifestyle experience in the yachting capital of the world.”

“Real estate continues to be an appreciating investment, and an investment in a Four Seasons property is the best investment you can make at this time,” said Louise Sunshine, strategic advisor for Fort Partners. “Within the Four Seasons brand, homes are appreciating by nearly 30 percent in one year. Furthermore, purchasing a home at Four Seasons Fort Lauderdale is also a lifestyle investment, offering a collection of unparalleled services and amenities, as well as the opportunity to experience connectivity to the rest of the globe by plane, train, boat, or automobile.”

The 22-story hotel and condominium project will include 130 guest rooms and 90 residences, all with access to Four Seasons' signature five-star services and coveted amenities such as two pools and luxury cabanas, a world-class Four Seasons spa, beach butlers, yachting services, and a pet concierge. The project is designed by a team of global design visionaries with the Miami-baed Kobi Karp as the architect, landscape architecture by Fernando Wong, and interiors by acclaimed London-based Tara Bernerd with renowned London-based hospitality designer Martin Brudnizki designing the property’s restaurants, lounges, and pool areas.

Residents will be connected to Fort Partner’s premier portfolio across South Florida and the Caribbean--including The Surf Club in Miami, Four Seasons Palm Beach, and Norman’s Cay, an exclusive island in the Bahamas, where they will receive preferred rates on dining and hotel stays and special courtesies. A true five-star project, Four Seasons Fort Lauderdale is helping transforming Fort Lauderdale into a global destination.

For more information about Four Seasons Private Residences Fort Lauderdale, private showings or purchasing/ leasing information please fill out the form below:

Douglas Elliman Releases Q4 Market Reports For South Florida

Douglas Elliman has released their Q4 Market Reports for South Florida, produced in conjunction with Miller Samuel a leading independent appraisal firm. The South Florida Market continued to show power in prices, continuing to increase in both the luxury and overall markets across nearly all markets including Miami Beach and Barrier Islands, Fort Lauderdale, Boca Raton, DelRay Beach, Wellington, Palm Beach, Jupiter and Palm Beach Gardens.

MIAMI BEACH/BARRIER ISLANDS

Key Trend Metrics(Year Over Year)

Overview:

• Single family sales surged as condo sales declined after a large burst of activity on the prior quarter

• Condo price trend indicators declined from year ago levels, consistent with drop in average sales size

• Luxury condo price trend indicators declined at same rate as average sales size

• Luxury single-family sales size rose sharply driving price trend indicators higher

• Luxury condo inventory increased as luxury single family inventory declined

• Marketing time expanded as older listings were absorbed as negotiability expanded

Key Trend Metrics(Year Over Year)

Overall

• Median sales price slipped 6.7% to $378,750

• Average sales price increased 0.3% to $888,424

• Number of sales slipped 10.4% to 678

• Days on market was 146, up from 73

• Listing discount was 10.9%, up from 810%

• Listing inventory increased 3.8% to 6,668

Luxury Condo

• Median sales price declined to $2,200,000

• Average price per square foot decreased 13.5% to $1,047

• Days on market was 222, up from 92

• Listing discount was 12.6%, up from 11.3%

• Listing inventory rose 20.5% to 1,459 units

• Entry threshold began at $1,305,000

Luxury Single Family

• Median sales price surged 33.3% to $8,000,000

• Average price per square foot jumped 40.3% to $1,494

• Days on market was 349, up from 170

• Listing discount was 16.7%, up from 16.4%

• Listing inventory fell 6.2% to 183 units

• Entry threshold began at $5,900,000, up from 15.7%

MIAMI COASTAL MAINLAND

Overview:

• Overall price trend indicators and the number of sales continued to rise year over year

• Overall sales and all price trend indicators were above the level seen in 2017

• Listing inventory trended higher for the fourth consecutive month

• Market share of purchases with conventional financing was the highest in the five years

• Nearly all luxury condo and single-family price trend indicators continued to rise greater year over year

• Luxury condo inventory declined as luxury single family inventory expanded

Key Trend Metrics(Year Over Year)

Overall:

• Median sales price increased 5.9% to $320,000

• Average sales price rose 7.2% to $445,007

• Number of sales rose 10.6% to 3,518

• Days on market was 81 up from 44

• Listing discount was 5.6%, down from 5.7%

• Listing inventory rose 20.9% to 12,071 units

Luxury Condo

• Median sales price slipped 3.8% to $812,500

• Average price per square foot rose 4% to $470

• Days on market was 178 days, up from 155

• Listing discount was 7.8%, down from 8.1%

• Listing inventory declined 18.9% to 2,505

• Entry threshold began at $610,000, up 27.1%

Luxury Single Family

• Median sales price rose 6.7% to $1,387,500

• Average price per square foot jumped 16.8% to $479

• Days on market was 130 days up from 67

• Listing discount was 8.5%, up from 8.4%

• Listing inventory rose 12.6% to 1,111 units

• Entry threshold began at $890,000, up 3.5%

Fort Lauderdale

Overview:

• Condo sales rose above for the fourth consecutive quarter

• Condo listing inventory rose for the first time in six quarters

• Single family price trend indicators were mixed as condos moved higher

• Condo luxury price trend indicators surged

• Single family luxury price trend indicators showed mixed results as average sales size declined

Key Trend Metrics(Year Over Year)

Overall:

Luxury Condo

• Median sales price increased 25.8% to $1,550,000

• Average price per square foot rose 21.1% to $619

• Days on market was 131, down 34.5%

• Listing discount was 5.6%, down from 7.7%

• Listing inventory fell 28.7% to 256 units

• Entry threshold began at $1,095,000 up 41.3%

Luxury Single Family

• Median sales price rose 7.4% to $2,125,000

• Average price per square foot slipped 4% to $572

• Days on market was 176, down from 190

• Listing discount was 9.5%, down from 16.4%

• Listing inventory declined 7.4% to 338 units

• Entry threshold began at $1,500,000, up 22%

BOCA RATON

Overview:

• Condo median sales price hasn’t seen a year over year decline in ten quarters

• Sales for condos and single-families have increased year over year for two consecutive quarters

• Luxury condo and luxury single family price trends moved higher, consistent with rise in sales size

Key Trend Metrics(Year Over Year)

Overall:

Luxury Condo

• Median sales price rose 9.4% to $902,500

• Average price per square foot rose 32.8% to $466

• Days on market was 108 days, up from 101

• Listing discount was 6.7%, down from 8.9%

• Listing inventory declined 13.7% to 308

• Entry threshold began at $590,000, up 9.6%

Luxury Single Family

• Median sales price rose 5.6% to $2,112,500

• Average price per square foot rose 5.8% to $402

• Days on market was 187 days, down from 217

• Listing discount was 9.7%, down from 12.5%

• Listing inventory edged up 1.7% to 408

• Entry threshold began at $1,286,200 up 0.7%

DELRAY BEACH

Overview:

• Single-family sales and median sales price have been rising year over year for four consecutive quarters

• Condo median sales price showed twelve consecutive quarters without a year over year decline

• Luxury single family price per square foot moved higher as the other indicators were pulled down sharply by drop in sales size

Key Trend Metrics (Year Over Year)

Luxury Condo

• Median sales price rose 14.5% to $537,500

• Days on market was 102, up from 66

• Listing discount was 6.9%, up from 4.9%

• Entry threshold began at $325,000, down 1.5%

Luxury Single Family

• Median sales price declined 10.9% to $1,741,250

• Days on market was 156, up from 104

• Listing discount was 5.9%, down from 10.4%

• Entry threshold began at $1,150,000, down 3.4%

WELLINGTON

Overview:

• Condo median sales price year over year for the tenth consecutive quarter

• Condo sales rose annual for three of the last four quarters

• All single-family price trend indicators increased year over year for the third consecutive quarter

• Luxury condo price trend indicators pulled lower by sharp decline in average sales size while the opposite occurred for luxury single-family price trends

Key Trend Metrics(Year Over Year)

Luxury Condo

• Median sales price slipped 1.8% to $665,000

• Average square footage declined 18.3% to 1,878

• Days on market was 77, down from 148

• Listing discount was 4.5%, down from 8.2%

• Listing inventory jumped 52.2% to 35

• Entry threshold began at $435,000, down 17.9%

Luxury Single Family

• Median sales price jumped 88.2% to $2,000,000

• Average square footage rose 1.7% to 4,662

• Days on market was 195, up from 115

• Listing discount was 8.9%, up from 7.7%

• Listing inventory declined 33.6% to 186

• Entry threshold began at $1,010,000 up 47.4%

Palm Beach

Overview:

• Condos continued to dominate with the highest sales share

• Single family and luxury price trend indicators skewed significantly lower by the sharp decline in average sales size

• Majority fourth quarter market wide sales in 5 years

• Luxury inventory returned to more modest levels after limited availability over the past two years

Key Trend Metrics (Year Over Year)

Luxury Family And Single Condo

• Median sales price declined 57.8% to $6,426,750

• Average price per square foot fell 22.5% to $1,443

• Average sales size dropped 52.1% to 4,515 square feet

• Days on market was 100, down from 496

• Listing discount was 9.1%, down from 18.3%

• Listing inventory jumped 104.1% to 100

• Entry threshold began at $4,250,000, down 59.9%

JUPITER / PALM BEACH GARDENS

Jupiter Overview:

• Single family price trend indicators and sales moved higher

• Condo sales and price trend indicators all rose for the third consecutive quarter

Palm Beach Gardens Overview:

• Single-family price trend indicators showed double-digit gains as sales decreased

• Condo sales slipped again as price trend indicators continued to rise

Key Trend Metrics (Year Over Year)

Jupiter Single Family                                                                              

• Median sales price jumped 15.4% to $525,000

• Days on market was 70, up from 62

• Listing discount was 5.8%, up from 5.6%

• Listing inventory declined 5.7% to 413

Jupiter Condo

• Median sales price rose 11.3% to $310,000

• Days on market was 60, up from 59

• Listing discount was 4.1%, down from 5.2%

• Listing inventory rose 5.2% to 304

Palm Beach Gardens Single Family

• Median sales price increased 10.6% to $470,000

• Days on market was 82, unchanged

• Listing discount was 7.8%, up from 6.6%

• Listing inventory rose 5.2% to 527

Palm Beach Gardens Condo

• Median sales price rose 2.1% to $240,000

• Days on market was 52, up from 48

• Listing discount was 3.9%, down from 4.6%

• Listing inventory jumped 41.7% to 299

Article by Stephanie Warren

Inside Four Seasons Private Residences Fort Lauderdale, The First Five-Star Development in Broward County

Broward County will be getting its first-ever five-star development, Four Seasons Private Residences Fort Lauderdale, which is currently under construction. The project is being developed by Fort Partners, marking the third collaboration between the Miami-based developer and Four Seasons.

The 22-story hotel and condominium project will include 130 guest rooms and 90 residences, all with access to Four Seasons' signature five-star services and coveted amenities such as two pools and luxury cabanas, a world-class Four Seasons spa, beach butlers, yachting services, and a pet concierge. The project is designed by a team of global design visionaries with the Miami-baed Kobi Karp as the architect, landscape architecture by Fernando Wong, and interiors by acclaimed London-based Tara Bernerd with renowned London-based hospitality designer Martin Brudnizki designing the property’s restaurants, lounges, and pool areas.

Residents will be connected to Fort Partner’s premier portfolio across South Florida and the Caribbean--including The Surf Club in Miami, Four Seasons Palm Beach, and Norman’s Cay, an exclusive island in the Bahamas, where they will receive preferred rates on dining and hotel stays and special courtesies. A true five-star project, Four Seasons Fort Lauderdale is helping transforming Fort Lauderdale into a global destination.

For more information about Four Seasons Private Residences Fort Lauderdale, private showings or purchasing/ leasing information please fill out the form below:

Check Out This Fort Lauderdale Waterfront Estate With A Secret Room Asking $5.85 Million

Slip into tranquility and laid back waterfront living at this British West Indies-styled mansion in Fort Lauderdale which has just hit the market for the first time. The 6 bedroom, 5.5 bathroom estate, which is asking $5.85 million, features a hidden secret room tucked away behind a bookshelf. The home also features a unique wine cellar room with a 200-pound door imported from India, wraparound balconies across the front and back of the home & a hand carved agate mosaic wall. Other amenities include spa, steam shower, movie theatre/media room, private gym, elegant master bath & walk-in closets. Outside offers a pool, living wall with fountain, fire pit and 100’ of deep water frontage which can accommodate a 100’ dock.

2317 Delmar Place Fort Lauderdale is currently listed for $5,850,000 with Richard Masterson of ONE Sotheby’s International Realty.

Photos via Eric Igualada for ONE Sotheby’s International Realty

For more information about 2317 Delmar Place, private showings or purchasing information please fill out the form below:

The Agency And The Agency Development Continue To Expand In South Florida

Just two months after Beverly Hills-based real estate brokerage and lifestyle company, The Agency, launched its operation in South Florida, it has announced the opening of its second and third locations and expanded its new development division, The Agency Development Group (TADG). The launch of The Agency will be celebrated at a private event at The Agency’s Boca Raton office located at 20 SE 3rd Street on Friday, February 1.

In addition to the Boca Raton flagship, The Agency now has offices at 20900 NE 30th Avenue in Aventura and 95 Merrick Park Way in Coral Gables. All three locales will be led by industry veterans Chris Franciosa and Jared Ringel, who together have sold more than $100 million of new development and resale product. Howard Elfman will take the helm as Managing Broker, while Oliver Ruiz will serve as Strategic Growth Manager. The elite team of agents from The Dustin Fealy Group, along with other top producers who recently joined The Agency, will be headquartered at the Coral Gables office.

“South Florida is a coveted market for The Agency, and the insatiable appetite for new development and luxury residential product across Miami-Dade, Broward and Palm Beach counties makes our expansion both timely and exciting as we further our footprint on the East Coast,” said Founder and CEO, Mauricio Umansky.

The Agency’s new development arm TADG has hit the ground running, having been selected to represent sales at 353 Sunset, Aventura Village and Bay Harbor One, three distinct and impactful projects located in Fort Lauderdale, Aventura and Bay Harbor Islands.

“The Agency Development Group is making a splash in South Florida and we are honored to have been chosen to represent such prestigious projects,” said Gina de Varona, Managing Director, TADG. “We currently represent some of the best-in-class new development projects around the world and are looking forward to adding more to our South Florida portfolio in due course.”

353 Sunset, developed by Weiner, Vollrath & Partners LLC, is a boutique collection of eight private, waterfront homes offering effortless turnkey living along the scenic Sunset Lake in Las Olas. Four residences remain available, featuring modern design and exceptional amenities including private, individually powered, deep-water yacht slips, with direct access to the Intracoastal Waterway and Atlantic Ocean, a private, heated lakefront pool situated amidst lushly landscaped grounds, and 150 feet of Sunset Lake frontage. Additionally, each residence has a dedicated, two-car, air-conditioned garage, direct elevator access and private elevator entry foyers located moments from the shopping, dining and entertainment of Fort Lauderdale’s thriving Las Olas Boulevard. The remaining residences are priced starting at $2,789,000.

Aventura Village, which was developed by Land Developers Group, is a gated residential community located in the heart of Aventura, just minutes from Aventura Mall. The project offers 96 townhomes and 12 residential loft studios with prices starting at $345,000. The residences include studio, two- and three-bedroom units with amenity access to a community garden, pool, playground, recreational area and private garden for residents. Units are scheduled to be completed by the end of 2019. TADG will also spearhead another project developed by Land Developers Group, Bay Harbor One. Located in sought-after Bay Harbor Islands, Bay Harbor One offers 36 residences with balcony bay views and amenities including a sky-view rooftop lounge, large swimming pool, and a fully-equipped recreational and wellness area. Pricing at Bay Harbor One residences starts at $870,000 and the building is scheduled for completion by Spring 2019.

Article by Katya Demina

Fort Lauderdale Will Soon Be Home to Cincinnati Bengals Running Back Giovani Bernard

Architectural firm Choeff Levy Fischman is designing its first project in Fort Lauderdale: a sprawling mid-century, modern home - with a tropical twist. The home was purchased by Giovani Bernard of the Cincinnati Bengals in April 2018, and is expected to be completed next summer.

The one-story, single-family residence sits on a pie-shaped 18,245 square-foot lot. It will feature four bedrooms, four bathrooms, a theater, pool, and 4,762 square feet of indoor space. The open layout design and floor-to-ceiling glass doors will emphasize South Florida’s indoor-outdoor lifestyle and the Tropical Modern design that Choeff Levy Fischman is known for.

Setting the tone for warm interiors, the architects are incorporating exposed, poured-in-place concrete, South American Ipe wood and smooth stucco to the walls, white Oak wood flooring throughout, and exotic stone in the bathrooms. The NFL player’s kitchen will boast matte gray acrylic cabinetry, quartz countertops and a custom backsplash.

Designed with South Florida’s top natural environmental challenges in mind, the residence will include onsite stormwater management, which will minimize the impact on the City’s stormwater sewer and will eliminate toxic runoff into the Bay. The residence is also built one foot higher than code requirements with a newly raised dock and seawall designed to address ongoing sea level rise. Additional green features implemented into the design include low-e glazing to minimize solar heat gain and glare, and a high-albedo roofing system and spray insulation to minimize heat transmission into the residence.

Choeff Levy Fischman is providing both the architecture and interior design for the residence.

Article by: Katya Demina & Stephanie Warren

KIPANY Marketing To Relocate To Downtown Fort Lauderdale After 40 Years In NYC

KIPANY Marketing, the firm which handles marketing for The New York Times, Disney, Comcast, Verizon and Sears, is relocating to Fort Lauderdale after 40 years in NY as the exodus of business and wealth from high-tax northern states continues as they gravitate towards Florida’s income tax-free structure. The company purchased 2,143 SF office space on the water in Nu River Landing for $2.15 million, $1,003 SF, at 511 SE 5th Avenue, Fort Lauderdale, marking the highest price sold in the building. Filippo Incorvaia of Douglas Elliman Real Estate represented the buyer, Kip Colligan, Co-Founder & COO of KIPANY, in the real estate purchase. The original listing price was for $3,200,000 offered with pre-approved plans to build a mezzanine level which would have extended the area to 4,923 SF but KIPANY purchased the property without the plans. After a substantial build out, the space will serve as the new executive headquarters for the company who handles direct marketing services.

Douglas Elliman Releases Q2 Market Reports For South Florida As Pricing Continues To Rise

Douglas Elliman has released their Q2 Market Reports for South Florida, produced in conjunction with Miller Samuel, a leading independent appraisal firm. Despite the constant rumblings of a bubble or a crash, the South Florida market continued to show strength and prices continuing to push higher in both the luxury and overall markets across nearly all markets including Miami Beach, Miami coastal mainland, Fort Lauderdale, Boca Raton, Delray Beach and Jupiter. The quarter also reflected the most sales in 3 years in both Miami Beach and Delray Beach. The general health of the market should remain strong as South Florida continues to be a haven for flight capital and population growth, matched with fast-growing world-class cities, a high quality of life and no state income tax. 

Miami Beach & Barrier Islands

• Price trend indicators posted strong gains across the overall and luxury markets
• Number of sales and pending sales moved up from year ago levels
• Although listing inventory has been rising for more than four years the rate of growth has eased considerably in past year
• Overall days on market and listing discount expanded as older listing inventory was cleared from the market
• Most second quarter sales in three years
• Luxury condo average sales size surged and pending sales posted strong gains
• Luxury listing inventory slipped

Key Trend Metrics (Year Over Year)

Overall:

• Median sales price rose 7% to $438,000
• Average sales price increased 15.8% to $1,098,024
• Number of sales increased 10.7% to 1,025
• Days on market was 148, up from 139
• Listing discount was 11%, up from 9.7%
• Listing inventory increased 3.9% to 6,319

Luxury Condo:

• Median sales price surged 47.6% to $3,370,000
• Days on market was 196, up from 194
• Listing discount was 12.7%, up from 11.4%
• Listing inventory fell 20.3% to 959 units
• Entry threshold began at $1,900,000

Luxury Single Family:

• Median sales price jumped 34.5% to $10,760,000
• Days on market was 262, down from 292
• Listing discount was 16.5%, up from 14.5%
• Listing inventory jumped 32.3% to 209 units
• Entry threshold began at $4,950,000

Miami Coastal Mainland

• Overall conditions reflect rising prices, stable sales and modest inventory gains
• Median sales price increased year over year for the 15th consecutive quarter
• Highest market share of conventional financing in more than five years of recording
• One in four single family sales and half of  condo sales were purchased with cash
• Number of sales well above the 5-year quarterly average
• Listing inventory edged higher for second quarter after six consecutive quarters of year over year declines

Key Trend Metrics (Year Over Year)

Overall:

• Median sales price increased 6.7% to $320,000
• Average sales price rose 8.8% to $456,591
• Number of sales fell 0.3% to 4,191
• Days on market was 86 up from 79
• Listing discount was 5.6%, up from 5.5%
• Listing inventory rose 2.7% to 11,184 units

Luxury Condo:

• Median sales price rose 6.4% to $814,951
• Days on market was 176 days, up from 169
• Listing discount was 8.1%, up from 7.7%
• Listing inventory declined 6.3% to 2,537
• Entry threshold began at $580,000

Luxury Single Family:

• Median sales price rose 6.7% to $1,600,000
• Days on market was 125 days down from 133
• Listing discount was 7.9%, up from 7.7%
• Listing inventory slipped 1.1% to 1,012 units
• Entry threshold began at $960,000

Fort Lauderdale

• Sharp price gains in the overall condo and single family markets
• All condo price indicators set new records
• Overall condo market showed a large burst in year over year sales in last two quarters
• Large gain in conventional financial market share for both property types
• Luxury listing inventory fell sharply across property types

Key Trend Metrics (Year over Year)

Luxury Condo:

• Median sales price increased 9.8% to $1,281,600
• Days on market was 81, up from 68
• Listing discount was 6.8%, up from 5.6%
• Listing inventory fell 31.8% to 255 units
• Entry threshold began at $975,000

Luxury Single Family:

• Median sales price rose 35% to $2,265,000
• Days on market was 167, up from 155
• Listing discount was 9.2%, up from 8.2%
• Listing inventory declined 15.6% to 298 units
• Entry threshold began at $1,500,000

Boca Raton

• Overall price trends for both condos and single families increased year over year
• Sales slipped an inventory edged higher for both property types from the year ago quarter
• Share rise in average sales size and price trend indicators for luxury condos
• Unlike overall market, listing inventory for luxury properties declined
• Luxury pending sales are up year over year

Key Trend Metrics (Year Over Year)

Luxury Condo:

• Median sales price rose 24.8% to $1,051,250
• Average sales price surged 31.3% to $1,394,111
• Days on market was 128 days, up 14.3%
• Listing discount was 8.3%, unchanged
• Listing inventory fell 21.1% to 243
• Entry threshold began at $645,000

Luxury Single Family:

• Median sales price declined 4.8% to $1,900,000
• Average sales price rose 1.8% to $2,605,203
• Days on market was 142 days, down from 165
• Listing discount was 9.6%, up from 9.5%
• Listing inventory declined 25.8% to 419
• Entry threshold began at $1,250,000

Delray Beach

• Most price trend indicators for the overall market by condo and single family moved higher
• The number of sales for condos and single families market wide increased
• Marketing time fell across the overall market
• The negotiability of luxury single family and condos tightened

Key Trend Metrics (Year Over Year)

Luxury Single Family:

• Median sales price surged 12.3% to $1,737,500
• Days on market was 148, up from 118
• Listing discount was 8.7%, down from 11%
• Entry threshold began at $1,260,000

Luxury Condo:

• Median sales price declined 10% to $575,750
• Days on market was 80, down from 116
• Listing discount was 5.5%, down from 5.8%
• Entry threshold began at $390,000

Wellington

• Overall market price trend indicators moved higher over both property types
• Listing inventory and sales were up slightly across most segments of the market
• Luxury single family prices and sales size were up sharply
• Smaller luxury condo sales size skewed most price indicators lower

Key Trend Metrics (Year Over Year)

Luxury Condo:

• Median sales price fell 23.2% to $437,500
• Average square footage fell 11.9% to 2,034
• Days on market was 182, up from 160
• Listing discount was 5.9%, unchanged
• Listing inventory rose 8.3% to 52
• Entry threshold began at $350,000

Luxury Single Family:

• Median sales price jumped 34.4% to $2,150,000
• Average square footage rose 17.3% to 4,877
• Days on market was 176, up from 167
• Listing discount was 14.9%, up from 14.4%
• Listing inventory rose 4.3% to 218
• Entry threshold began at $845,000

Palm Beach

• Highest combined number of condo and single family sales in three years
• Listing inventory fell across the market by property type
• Condo price trends declined, skewed by shift to smaller sized sales
• Luxury inventory and days on market expanded

Key Trend Metrics (Year Over Year)

Luxury Condo & Single Family:

• Median sales price declined 20.8% to $12,537,970
• Days on market was 148, down from 140
• Listing discount was 17.7%, up from 15.3%
• Listing inventory rose 30.2% to 69
• Entry threshold began at $6,786,250

Jupiter/ Palm Beach Gardens

Jupiter:

• Single family price trend indicators increased as sales and inventory declined
• Condo price trend indicators rose sharply as sales declined

Palm Beach Gardens:

• Single family price trend indicators were mixed as sales and inventory declined
• Condo price trend indicators for the overall markets continued to rise

Key Trend Metrics (Year Over Year)

Jupiter Single Family:

• Median sales price increased 7.3% to $515,000
• Days on market was 60, down from 69
• Listing discount was 5.2%, down from 6.5%
• Listing inventory declined 8% to 402

Jupiter Condo:

• Median sales price rose 12.9% to $315,000
• Days on market was 65, up from 62
• Listing discount was 4.6%, down from 4.9%
• Listing inventory rose 11.7% to 277

Palm Beach Gardens Single Family:

• Median sales price increased 4.8% to $492,500
• Days on market was 77, down from 86
• Listing discount was 6.9%, down from 7.6%
• Listing inventory declined 2.5% to 516

Palm Beach Gardens Condo:

• Median sales price rose 3% to $242,000
• Days on market was 52, down from 62
• Listing discount was 4.4%, down from 4.6%
• Listing inventory jumped 21% to 236

Tour Author Jillian Hoffman's Las Olas Mansion Which Just Sold For $3.49 Million

Author Jillian Hoffman has officially sold her Las Olas Isles Mediterranean mansion in Fort Lauderdale for a cool $3.49 million. The 6,200 SF estate spans 5 bedrooms, 5.5 baths and offers a spectacular two-story entry with dual staircases, sweeping floor-to-ceiling windows and stunning waterfront views throughout the property. The home also features a wine room, HD theatre with base shaker seating, 1st floor junior master suite, expansive balcony that extends the full length of the house and beautiful outdoor space with sun-drenched pool, hot tub and loggia ideal for entertaining and relaxing. Jill Johns, Dennis Stevick and Dale Atkins of ONE Sotheby’s International Realty represented both buyer and seller in the transaction.