Our Blog

Tuesday, December 04, 2018   /   by Alexander Haigh

Want to Help Us Give Back This Holiday Season?

The holiday season is finally here, and today I want to talk to you about a cause that’s very near and dear to my heart, especially during this time of year: the ARC of Martin County.

ARC stands for “Advocates for the Rights of Citizens,” and it’s an organization that takes care of people with special needs through afterschool programs, job placement, etc. They work with people who have cerebral palsy, autism, down syndrome, and more.

To help them out this year, we’re hosting a clothing drive for ARC. They have nine different houses in the area that their clients are housed in, and now that we’re in the season of giving, I want to do my part to help give back. I’d love for you to join me.

You can donate any new or gently used clothing to our office at 203 SW Atlanta Ave., or we’d be happy to pick it up from your home if you give us a call or send us an email.

If you have any other questions for us in the ...

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  real estate

Tuesday, October 16, 2018   /   by Alexander Haigh

What Do the Latest Year-Over-Year Numbers From August Say About Our Market?

Here are the latest year-over-year statistics comparing August 2017 to August 2018 in St. Lucie, Martin, and Palm Beach counties:

St. Lucie County:

-The number of units closed increased 14% from 467 to 533
-The number of units paid for in cash rose 9.2% from 109 to 119
-The average sale price rose 8.7% from $205,000 to $225,000
-The total dollar amount of the volume sold rose 24% from $101 million to $125 million
-Pending inventory dropped 2.8% from 855 to 831 units
-Total inventory rose 2.9% from 3.5 months to 3.6 months

Martin County:

-The number of units closed dropped 15% from 247 to 208
-The number of units paid for in cash dropped 21% from 76 to 60
-The average sale price rose 2.2% from $467,000 to $477,000
-The total dollar amount of the volume sold dropped 14% from $115 million to $99 million
-Pending inventory increased 1% from 305 to 308 units
-Total inventory dropped 8.2% from 4.9 months to 4.5 months

Palm Beach County:

-The num ...

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  market update

Tuesday, October 02, 2018   /   by Alexander Haigh

What Do the Past Year-Over-Year Numbers Say About Our Current Market?

To get an idea of where our tri-county market is headed in 2018, we’re going to examine the year-over-year change of five statistical criteria from December 2016 to December 2017.

We’ll start with closed sales for single-family homes. In Martin County, the number of closed sales decreased 7.2% from 195 sales to 181. In St. Lucie County, they rose 3.3% from 478 to 494. In Palm Beach County, they decreased 1.8% from 1,413 to 1,387.

Next up are single-family homes that were paid for in cash. In Martin County, this number decreased 21.8% from 78 sales to 61 sales. In St. Lucie County, the number of all-cash sales dropped 29.9% from 154 to 108. In Palm Beach County, all-cash sales decreased 6.5% from 505 to 472.

Now, let’s move on to the average sale price. In Martin County, this number dropped 0.6% from $446,396 to $443,576. In St. Lucie County, it rose 4.9% from $210,367 to $220,682. In Palm Beach County, it rose 20% from $423,485 to $508,253. ...

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  market update

Tuesday, October 02, 2018   /   by Alexander Haigh

How Do Zillow’s Zestimates Really Work?

Zillow is the whale of online home searches—87% of people searching for homes online go to Zillow.com.
The website has a cool little widget called a Zestimate which allows you to plug in your address and receive an estimate of your home’s value. My own website, viewfloridahomesnow.com, has a similar feature, as well as a list of available properties.
How does the Zestimate differ from my process? The Zestimate is an algorithm that links together information from the MLS and public record. It doesn’t have the capacity for critical thinking; Zillow doesn’t know how your home differs from the homes it’s comparing yours to.
At the end of the day, a Zestimate doesn’t recognize the unique features that your home possesses which might affect its value.
Further to that, not all the listings that are shown on Zillow are available anyway. Many have already been put under contract or sold. However, Zillow does sell information to rea ...

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  home buying

Tuesday, October 02, 2018   /   by Alexander Haigh

5 Lessons We Learned From 2007’s Financial Crisis

We all remember what happened in 2007. The financial crisis during this time taught a lot of lessons that I wanted to talk about today. There is an old saying that wise people learn from other’s mistakes but smart people learn from their own. If you did not buy a home then, you can learn from the people who did. And, if you were one of the people who did buy a home then, you must learn from that mistake.

Do not buy a home that you cannot afford. If you’ve been pre-approved for a monthly payment that would stretch your budget too thin, the home you’re looking at may be out of your price range. Even if you can technically afford the monthly payment estimated on your pre-approval, it’s important to consider other expenses you might encounter over time. If your finances are too tight, you may struggle to afford leisure activities or to take on other unexpected expenses.
Your home will not always go up in value. I have started to see people in the l ...

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  real estate