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South Florida Sun-Sentinel.com

South Florida home prices rise for 17th straight month

Standard & Poor’s/Case-Shiller index: Home prices up 14.2 percent from a year ago

By Paul Owers, Sun Sentinel

A barometer of South Florida house prices increased in May for a 17th consecutive month. The Standard & Poor’s/Case-Shiller index, released Tuesday, rose 14.2 percent from a year ago.

Case-Shiller measures Palm Beach, Broward and Miami-Dade counties and 19 other major metropolitan areas. All 20 posted annual price gains, with Dallas and Denver exceeding peaks established before the Great Recession.

San Francisco led the nation with a 24.5 percent increase, followed by Las Vegas (23.3 percent) and Phoenix (20.6). Good News for the hard hit Phoenix market!

South Florida and much of the country have too little supply to satisfy intense demand. Investors are scooping up homes in large numbers, often shutting out first-time buyers looking to take advantage of still-low mortgage rates.

Guy Cecala, publisher of the Inside Mortgage Finance newsletter, said more balance between buyers and sellers will help moderate the large price gains — a necessary part of a long-term housing recovery, he said.

“When you get big price spikes, that sets you up for a dip,” he said. “San Francisco at 24.5 percent is not sustainable.”

The index tracks prices of the same house over time. Some analysts say that’s a better measure of the market than median prices of homes sold in a given month. But Case-Shiller data does not include prices for condos and trails Realtor board data by a month.

Last week, the Greater Fort Lauderdale Realtors said Broward County’s median price in June was $265,000, a 23 percent increase from a year ago. In Palm Beach County, the median last month was $259,990, up 16 percent from a year earlier, according to the Realtors Association of the Palm Beaches.

Bo Mastykaz, a South Florida real estate agent for Redfin, said buyers who need financing find the market particularly frustrating.

“The sellers are just not accepting my offers,” he said. “They’re waiting for straight cash.”

Cristelle 4 Cristelle 3 Cristelle 2 CristelleCristelle pool

THE CRISTELLE WAS DEVELOPED IN 1998,LOCATED IN LAUDERDALE BY THE SEA AND DIRECTLY IN THE SAND! THE HIGHRISE CONSIST OF ONLY 78 UNITS. FOUR UNITS PER FLOOR! EACH UNIT IS APPROX.3200 WITH LARGE WRAP AROUND BALCONIES!
ELEGANT OCEANFRONT CONDO. BREATHTAKING DIRECT OCEANFRONT, INTRACOASTAL AND CITY VIEWS. BRIGHT AND SPACIOUS OPEN FLOOR PLANS. SOME UNIT HAVE MARBLE FLOORS, BEAUTIFUL CROWN MOLDING. LUXURIOUS BUILDING OFFERS THE BEST OF THE BEST IN AMENITIES. TENNIS, HEATED OCEANFRONT POOL, BBQ, SPA, HEALTH CLUB, PARTY ROOM, 24 HOUR SECURITY, LARGE PETS WELCOME. ENJOY THE LIFESTYLE BY THE SEA.AWESOME INCOME PROPERTY AND MAY BE RENTED FIRST YEAR!

TO SEE OTHER PROPERTIES ON THE MARKET IN SOUTH FLORIDA, PLEASE VISIT MY WEBSITE: bettyspecialrealestate.com CLICK ON MLS HOME SEARCH
BETTY SPECIAL REALTOR
REMAX SUN & SEA
1201 S OCEAN BLVD # 14
POMPANO BEACH, FLORIDA 33062
Cristelle high rise

Parkland,Florida.

F1063125_101_74

Pier Pompano

Pool AreaPompano Beach is currently in the middle of a redevelopment process to revitalize its beachfront and historic downtown. The city has also been listed as one of the top real estate markets, being featured in CNN, Money and the Wall Street Journal as one of the country’s top vacation home markets. Pompano Beach Airpark, located within the city, is the home of the Goodyear Blimp Spirit of Innovation

It’s name is derived from the fish,Pompano. On July 3, 1908, a new municipality was incorporated in what was then Dade County: the Town of Pompano.John R. Mizell was elected the first mayor. In 1915, Broward County was established, with a northern boundary at the Hillsboro Canal. Thus, within eight years, Pompano had been in three counties.

Following the population boom due to World War II, in 1947 the City of Pompano merged with the newly-formed municipality on the beach and became the City of Pompano Beach.

When I was growing up in Miami, my father was a produce exporter, we came to Pompano farmer’s market to pick up GREENBEANS!

Pompano High School was founded in 1928, in Pompano Beach, Florida, to address the growing need for secondary education in northeastern Broward County.
The school’s sports teams were called the Beanpickers after the part-time job that many of the school’s students had in the formerly agricultural area of the time. The Beanpicker was also the name of the school’s yearbook, which was first published in 1943.

The city host the annual Pompano Beach Seafood festival and the Holiday Boat Parade.

A substantial seasonal population also spends its winter in the area.
Visit:
http://www.visitflorida.com/Pompano_Beach

The recently redesigned and renovated Greg Norman Signature Pines Course opened on January 1, 2013 to rave reviews. With state of the art design, Celebration Bermuda fairways and TifEagle greens, the Pines will most assuredly become a golf destination for residents and visitors to the region. The Palms golf course continues to cater to a loyal following of golfers who have enjoyed the layout for over a half a century.

Love the coast? The recently redevoloped beach and pier area is beautiful. A fun place to go to the beach, with plenty of parking!
I was there last week for lunch at the Briny Pub, the Sheppard’s Pie was as good as ever! Looking forward to going to Frank’s Pizza to have a slice!

Please, visit my website to search listings currently on the market in Pompano Beach, fl
http://www.bettyspecialrealestate.com

Betty Special
Realtor
Remax Sun & Sea
1201 S Ocean Blvd
Pompano Beach, Fl 33064

Many people are asking how the Real Estate market is in South Florida?

Inventory is LOW, values are increasing. Multiple offers are coming in on new listings within a short time of being on the market.

Now is a great time to buy in South Florida, whether you are looking for a full time residence or vacation home.

You may search the MLS of all current listings on my website.

www.bettyspecialrealestate.com  Click on Home Search on the left of home page.

My website translates all MLS Real Estate Listings to 13 different languages.

Happy Shopping!

Betty Special

Realtor

Remax Sun And Sea

954 865 2095

bspecial@remax.com

Sellers, Agents Mostly Agree on Top Home Improvement Projects.

Keeping Current Matters – July 2012

Shifting market for South Florida’s waterfront property – Business Monday – MiamiHerald.com.

$22,000,000
2601 N Ocean Blvd Boca Raton, FL 33432
Listing #: R3080271
Beds: 5
Baths: 7
PRESENTING THE ONLY OCEAN FRONT MEGAHOME IN ALL OF BOCA RATO…
Listed By: Jonathan Postma
Coldwell Banker
$13,900,000
299 NE Spanish Trl Boca Raton, FL 33432
Listing #: R3253785
Beds: 8
Baths: 9
THIS CUSTOM DESIGNER FURNISHED 8 BEDROOM 9 BATHS AND 2 HALF …
Listed By: John Poletto
Nestler Poletto Sotheby’s International Realty
$12,900,000
850 LAKE Dr Boca Raton, FL 33432
Listing #: R3153925
Beds: 6
Baths: 8
Furnished two story 6 bedroom 8 bath Country French Estate o…
Listed By: Mark Nestler
Nestler Poletto Sotheby’s International Realty
$12,495,000
378 Alexander Palm Rd Boca Raton, FL 33432
Listing #: R3160881
Beds: 7
Baths: 8
A masterpiece of classic Italiante design, this magnificent …
Listed By: Joseph Liguori
Premier Estate Properties
$11,950,000
1788 E Royal Palm Way Boca Raton, FL 33432
Listing #: R2864833
Beds: 7
Baths: 7
BRAND NEW STATELY PALM BEACH-INSPIRED GEORGIAN MANSION SITED…
Listed By: Joseph Liguori
Premier Estate Properties
$11,000,000
600 NE 5th Av Boca Raton, FL 33432
Listing #: R3178492
Beds: 7
Baths: 5
Gated and walled 5th Avenue Intracoastal estate compound sit…
Listed By: Joseph Liguori
Premier Estate Properties
$10,000,000
750 LAKE Dr Boca Raton, FL 33432
Listing #: R3274677
Beds: 7
Baths: 8
The Grandest~The Most Exclusive~The Most Prestigious Gated I…
Listed By: Ari Albinder
Mizner Grande Realty, LLC
$9,975,000
1235 Spanish River Rd Boca Raton, FL 33432
Listing #: R3283742
Beds: 4
Baths: 4
The Last Great Estate on the sought-after-Intracoastal Water…
Listed By: Joseph Liguori
Premier Estate Properties
$9,950,000
819 Orchid Dr Boca Raton, FL 33432
Listing #: R3245916
Beds: 6
Baths: 7
Look no further than the \\\”Orchid Estate\\\”. Wi…
Listed By: Senada Adzem Bernard
Douglas Elliman Florida
$8,950,000
215 Spanish Trl Boca Raton, FL 33432
Listing #: R3224447
Beds: 6
Baths: 7
Majestic gated Tuscan Country-style Intracoastal estate over…
Listed By: Joseph Liguori
Premier Estate Properties
$8,450,000
150 NE 5th Av Boca Raton, FL 33432
Listing #: R3251474
Beds: 6
Baths: 7
\\\”New 2004\\\” gated Tuscan-inspired Intracoasta…
Listed By: Joseph Liguori
Premier Estate Properties
$8,450,000
190 NE 5th Av Boca Raton, FL 33432
Listing #: R3252875
Beds: 5
Baths: 4
Architectural Intracoastal estate  designed by Heubert N. Ne…
Listed By: Joseph Liguori
Premier Estate Properties
$8,150,000
2401 Spanish River Rd Boca Raton, FL 33432
Listing #: R3173058
Beds: 5
Baths: 6
Cloaked under mature canopy trees and hidden by high hedges …
Listed By: Joseph Liguori
Premier Estate Properties
$8,000,000
7901 Ne Spanish Trail Boca Raton, FL 33487
Listing #: R3025535
Beds: 3
Baths: 1
1.78 acres with 625\\\’ of water frontage on C-15 canal in B…
Listed By: Ron Schwartzman
Prestigious Homes Realty
$7,995,000
205 SE SPANISH Trl Boca Raton, FL 33432-2623
Listing #: R3260674
Beds: 7
Baths: 9
One of the most fabulouse estates to be found with views of …
Listed By: Joyce Marie Schneider
Castles By The Beach, Inc
$7,950,000
2821 Spanish River Rd Boca Raton, FL 33432
Listing #: R3108885
Beds: 5
Baths: 6
\\\”Brand New\\\” British Colonial tropical-inspir…
Listed By: Joseph Liguori
Premier Estate Properties
$7,495,000
800 Lake Dr Boca Raton, FL 33432
Listing #: R3221769
Beds: 5
Baths: 7
Residing on Lake Boca Raton, adjacent to the Boca Inlet, thi…
Listed By: Joseph Liguori
Premier Estate Properties
$7,495,000
1099 Spanish River Rd Boca Raton, FL 33432
Listing #: R3267336
Beds: 6
Baths: 7
Tropical Georgian-inspired Intracoastal tennis compound in O…
Listed By: Joseph Liguori
Premier Estate Properties
$6,995,000
1301 Spanish River Rd Boca Raton, FL 33432
Listing #: R3148100
Beds: 4
Baths: 5
MAGNIFICENT INTRACOASTAL ESTATE FEATURING 5 BEDROOMS, 6.5 BA…
Listed By: David Roberts
Sanctuary Realty
$6,875,000
1235 Spanish River Rd Boca Raton, FL 33432
Listing #: R3283779
Beds: 4
Baths: 4
Rare Intracoastal estate opportunity in Old Boca Raton\\\’s …
Listed By: Joseph Liguori
Premier Estate Properties
$6,875,000
647 Osprey Point Cir Boca Raton, FL 33431
Listing #: R3197672
Beds: 6
Baths: 7
1st Floor: Arched iron and glass double doors open to a gran…
Listed By: Joseph Liguori
Premier Estate Properties
$6,495,000
360 E Coconut Palm Rd Boca Raton, FL 33432
Listing #: R2977195
Beds: 6
Baths: 7
112 Feet of deep water frontage on rare trophy lot.  Flawles…
Listed By: Jonathan Postma
Coldwell Banker
$6,195,000
4836 Sanctuary Boca Raton, FL 33431
Listing #: R3228847
Beds: 6
Baths: 7
Stately Palm Beach Georgian-inspired deepwater estate with a…
Listed By: Joseph Liguori
Premier Estate Properties
$5,999,000
690 Golden Harbour Dr Boca Raton, FL 33432
Listing #: R3288754
Beds: 5
Baths: 6
This direct intracoastal Mediterranean estate is located in …
Listed By: Gal Kol
Boca Executive Realty LLC
$5,995,000
120 Ne 5th Av Boca Raton, FL 33432
Listing #: R3272995
Beds: 3
Baths: 3
One of the most incredible properties in East Boca and the I…
Listed By: Joyce Marie Schneider
Castles By The Beach, Inc
$5,950,000
1199 Spanish River Rd Boca Raton, FL 33432
Listing #: R2828581
Beds: 5
Baths: 6
\\\”Newly Built 2006\\\” Palm Beach Georgian inspi…
Listed By: Joseph Liguori
Premier Estate Properties
$5,650,000
248 W Alexander Palm Rd Boca Raton, FL 33432
Listing #: R3281413
Beds: 5
Baths: 6
Elegant waterfront estate home -Professionally decorated wit…
Listed By: Grace Noethen, P.A.
Re/Max Advantage Plus
$5,150,000
147 W Coconut Palm Rd Boca Raton, FL 33432
Listing #: R3223171
Beds: 6
Baths: 7
Stately Tuscan deepwater Palazzo sited on deepwater canal in…
Listed By: Joseph Liguori
Premier Estate Properties
$4,999,000
215 Royal Palm Boca Raton, FL 33432
Listing #: R3179311
Beds: 5
Baths: 6
EUROPEON DESIGNER FURNISHINGS…EXCELLENT ATTENTION TO DETAI…
Listed By: Bernice Kaminski
Coldwell Banker
$4,999,000
349 Mizner Lake Estates Dr Boca Raton, FL 33432
Listing #: R3272396
Beds: 7
Baths: 7
This home is the largest in the community with Old World ele…
Listed By: Michael Laymon
Sanctuary Realty
$4,950,000
4020 Ibis Point Cir Boca Raton, FL 33431
Listing #: R3163920
Beds: 5
Baths: 6
Classic inspiration and modern style converge in this dramat…
Listed By: Joseph Liguori
Premier Estate Properties
$4,850,000
896 NE 79th St Boca Raton, FL 33487
Listing #: R3204423
Beds: 4
Baths: 5
Shown by appointment only to pre-qualified buyers verifying …
Listed By: Heidi Uuranniemi
Magnum Enterprises Group
$4,750,000
7400 NE 8th Ter Boca Raton, FL 33487
Listing #: R3238516
Beds: 5
Baths: 6
Trophy \\\”point lot\\\” at the tip of Boca Bay Co…
Listed By: John List
Lang Realty
$4,499,000
355 MIZNER LAKE ESTATES Dr Boca Raton, FL 33432
Listing #: R3283180
Beds: 4
Baths: 5
CALL LISTING AGENT FOR APPOINTMENT…THIS HOME WAS FEATURED …
Listed By: Bernice Kaminski
Coldwell Banker
$4,495,000
1928 Thatch Palm Dr Boca Raton, FL 33432
Listing #: R3263476
Beds: 5
Baths: 6
Listed By: Jonathan Postma
Coldwell Banker
$4,295,000
591 Phillips Dr Boca Raton, FL 33432
Listing #: R2894327
Beds: 5
Baths: 5
THIS GOLDEN HARBOUR ESTATE CAN PARK A 90FT  YACHT AND IS  WA…
Listed By: Bruce Ring
Lenson Realty, Inc.
$4,195,000
2299 W Maya Palm Dr Boca Raton, FL 33432
Listing #: R3268928
Beds: 5
Baths: 5
A Signature Home constructed by CJM Estates-Presenting a mag…
Listed By: Grace Noethen, P.A.
Re/Max Advantage Plus
$3,995,000
2101 SPANISH RIVER Rd Boca Raton, FL 33432
Listing #: R3220033
Beds: 5
Baths: 5
This fabulous Gated Estate is situated on 135 ft of prime di…
Listed By: Joyce Marie Schneider
Castles By The Beach, Inc
$3,950,000
401 NE Spanish Trl Boca Raton, FL 33432
Listing #: R3231846
Beds: 6
Baths: 7
Dramatic Tuscan-inspired Intracoastal palazzo sited high abo…
Listed By: Joseph Liguori
Premier Estate Properties
$3,875,000
720 NE 5th Av Boca Raton, FL 33432
Listing #: R3205091
Beds: 4
Baths: 5
Direct Intracoastal property with 114 ft of waterfront and a…
Listed By: Paul Stuart Fishman
Estates & Fine Homes,LLC
$3,850,000
420 E Coconut Palm Rd Boca Raton, FL 33432
Listing #: R3169834
Beds: 4
Baths: 5
MAGNIFICENT TUSCAN-INSPIRED DEEPWATER ESTATE GRACES A BEAUTI…
Listed By: Geri Penniman
Premier Estate Properties
$3,795,000
601 NE Spanish Trl Boca Raton, FL 33432
Listing #: R3283590
Beds: 6
Baths: 7
An exceptional gated and secure Contemporary residence on on…
Listed By: John Poletto
Nestler Poletto Sotheby’s International Realty
$3,595,000
1412 Thatch Palm Dr Boca Raton, FL 33432
Listing #: R3173576
Beds: 5
Baths: 6
FABULOUS CONTEMPORARY HOME JUST COMPLETED. UNIQUE GOLF COURS…
Listed By: Lorenzo Bernal
Nestler Poletto Sotheby’s International Realty
$3,550,000
315 Royal Palm Wy Boca Raton, FL 33432
Listing #: R3284311
Beds: 5
Baths: 6
No Commissions Paid until Title Passes. THIS LISTING IS SUBJ…
Listed By: Geri Penniman
Premier Estate Properties
$3,499,000
780 NE 37TH St Boca Raton, FL 33431
Listing #: R3167537
Beds: 6
Baths: 7
A RARE FIND~1/2 ACRE SOUTHEAST POINT LOT LOCATED ON ONE OF T…
Listed By: Stacy Guerra
Coldwell Banker
$3,295,000
5550 Coastal Dr Boca Raton, FL 33487
Listing #: R3264410
Beds: 5
Baths: 6
Watch the yachts motor by as you entertain in grand style in…
Listed By: Cameron Sydenham
Corcoran Group
$3,100,000
7020 Ne 8TH Dr Boca Raton, FL 33487
Listing #: R3249745
Beds: 5
Baths: 6
THIS FABULOUS INTRACOASTAL ESTATE FEATURES IMPACT GLASS, HOM…
Listed By: Joyce Marie Schneider
Castles By The Beach, Inc
$3,000,000
1301 COCOANUT Rd Boca Raton, FL 33432
Listing #: R2967862
Beds: 5
Baths: 7
Incredible Luxury Custom Home on the Best Premium Corner lot…
Listed By: Joyce Marie Schneider
Castles By The Beach, Inc
$3,000,000
1685 Royal Palm Wy Boca Raton, FL 33432
Listing #: R3287134
Beds: 5
Baths: 6
This Magnificent Home features  Stunning Golf Course Views, …
Listed By: Ari Albinder
Mizner Grande Realty, LLC
$2,995,000
2355 E Silver Palm Rd Boca Raton, FL 33432
Listing #: R2977189
Beds: 5
Baths: 5
Tuscan style villa featuring beautiful courtyard entrance, p…
Listed By: Jonathan Postma
Coldwell Banker

Visit my website to search properties: www.bettyspecialrealestate.com

3 mistakes when buying a new home.