Our Blog

Tuesday, December 18, 2018   /   by Alexander Haigh

A Holiday Real Estate Market Update

Before we begin, I’d like to wish you all a happy holiday season! My gift to you is this update on the latest market numbers for St. Lucie, Martin, and Palm Beach counties from October 2017 to October of this year.


For your convenience, I’ve included timestamps to help you view the specific topics that pertain to you. Feel free to navigate to the section(s) you’d like to see:


(0:30) — Introduction to our market update
(0:52) — Number of sales
(1:36) — Number of closed sales paid in cash
(2:30) — Average sale price numbers
(3:30) — Dollar volume of home sales
(4:35) — Pending sales numbers
(5:33) — Supply of inventory numbers


If you have any questions or would like some more information, feel free to reach out to me. I look forward to hearing from you.
 

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  market update

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

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 Steps to Buying a Home in Our Seller’s Market

If you want to buy a house in our seller’s market, there are five steps you need to take.
Before you embark on any of these steps, though, you should first hire an experienced agent to guide you through the whole process. As the saying goes, people like to do business with other people they know, like, and trust, and working with an agent or team with a respectable name can improve your offer in the eyes of listing agents.
Now, onto our five steps.
First, don’t make your best offer first, but be ready to make your best offer after that. You don’t want to make a super-low offer, but you need to have a clear understanding of the home’s value so you can make an offer that’s a little below it and leave some money on the table to work with going forward.
Next, don’t overanalyze the home’s asking price—just look at it critically and determine whether the home is priced properly or is overpriced. If it’s priced properl ...

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  home buying