The Real Estate profession has long been erroneously maligned as a pure "dog-eat-dog" world with everyone out for themselves. While Realty does afford a greater opportunity than most professions for one to indulge in their... Machiavellian tendencies, it is the way infrastructure of the profession that opens the door for such behavior, rather than a black hole attracting bad actors and unethical professionals. We write this because we are entering an era of unprecedented cooperation, even amongst bitter rivals in premier Real Estate markets. With the abundance of data, the speed of information, and the prominence of social media, it's easy to see why so many otherwise independent Realtors have now found new ways to expand their practice and involve new methods, ideas, and key players for the benefit of all. Yet, even with this newfangled positivity, there are significant challenges our team faces that are as relevant today as ever. Without further ado, here are 5 challenges facing Realtors today!
Realtors are expected to communicate, advocate, and fight for the best deal on behalf of their clients. It's what you do outside of these basic expectations that set you apart. It could be your origin, place...
Sanborn Square is one of several key shopping and office areas within the broader landscape of Downtown Boca Raton. Residing just beyond Palmetto Park Road's northeast corner, the open space is one of the last untapped areas in the Mizner Park district, and a hotbed of spirited debate ahead of yet another multibuilding complex proposed in its stead. Compson Associates, the firm responsible for the 12 story Tower 155, has received stiff opposition despite the nascent stages of the discussions with the city council.
The Proposed Project in Detail: What We Know
The proposed Aletto Square would sit just southeast of Sanborn Square and will (if approved) include a 93 unit, 12 story apartment complex, a 7 story office and retail building, and an eight story automated parking garage. According to Compson Architects, the need for added luxury apartment space is omnipresent, with lessons learned from the Tower 155 project - namely, the reduction during its build from 170 planned units to 128.
In addition to the major proposals stated above, Aletto Square would feature rooftop pool and dining as part of its luxuriant allure, and satisfy what Compson believes is a major need for Class A office space as part of Boca Raton's drive to lure more high value blue ribbon companies to open branches or even headquarter in Boca Raton.
With so many fleeing lockdown conditions and perverse disincentives for businesses, Compson argues that Aletto Square would further enhance the opportunities in Boca Raton for continued economic growth - while its detractors see otherwise.
protecting the last vestiges of downtown character...
In the midst of a red hot housing market and critically low home inventory, area developers are seeking to accommodate the influx of people moving to Boca Raton. Florida has always been a premier destination for retirees and semi-permanent vacationers, but in light of the recent global events, Florida has become more than a place to lay back between the swaying palms and avert the state income tax.
As a response to the overwhelming quantity of new residents moving to Boca Raton, the vast swathes of open farmland strewn across the westernmost reaches of Boca Raton are rife for the picking.
Map View of the West Boca Corridor - North of Clint Moore Rd. and West of 441
From Farmland to Housing
With the value of land skyrocketing and the demand for space at an all time high, GL Homes has taken up the mantle as the first to land their bid, developing land north of Clint Moore Rd. and west of State Road 7 (US 441). GL Homes is noted for its luxury developments, such as the ultramodern and sleek Lotus, The Bridges and the noted 55+ active adult Valencia Communities.
The initial plan is for 1,250 homes. 1,000 will be dedicated single family housing, while another 250 will be utilized for the workforce. In addition, GL plans to add 679 new homes on Glades Rd. Between State Road 7 and Glades Rd. According to VP of Develoment Kevin Ratterree, these homes will be built upon 300 acres of recently acquired farmland purchased by the prominent local developer. z...
The housing market in 2020 and 2021 has roared to life with reckless abandon. With double-digit growth from Florida to Idaho (the second fastest-growing state in the nation), homes are being snapped up like popcorn on movie night. While existing homes are staying on the market for tens of hours, new home builds are backed up and purchased before a hammer meets a nail. Here are 4 home building trends that are pacing the market in 2021!
Specialized Office Space
With the pandemic, work from home became a once-in-a-while event to take on a slow Friday to a distinct way of life. One day soon, we expect PBS will dedicate an episode of their prestigious “American Experience” to the move from office to home. If you, too, have been touched by this tectonic shift in earning a living, you may be tired of staking out the sofa or the kitchen table to take Zoom calls between meals or fits of frenzy from your four-year-old. Homebuilders have taken note and an addition of an extra 80sq. ft in a living room to lavish ensuites have been repurposed in newbuilds to accommodate the new work from home lifestyle.
Outdoor Movie Theaters
Champagne & Parisi realtor Karen Anderson hit a milestone this week amidst the backdrop of Florida's surging real estate market. The misfortune of many has been a boon for realtors across the state, as Florida shines nationwide as a destination for those looking for a fresh start. During the events that transpired as a result of the COVID19 pandemic, the reasons why people move to South Florida were magnified, while the reasons to flee certain real estate markets were as well.
Karen's record week topped $11,000,000 (ELEVEN MILLION!) beginning with what may be the single largest sale in the history of the Alina Residences of Boca Raton. This luxuriant condo is as much a resort as a residence, boasting incredible amenities inspired by "the living art" of the space. Alina Residences have long been a significant partner of Champagne & Parisi, accounting for substantial volume in both total condo sales and overall revenue.
Karen grew up in Ocean Township, NJ before relocating to Boca Raton 23 years ago. She was among the initial wave of founding realtors finding their home with Champagne & Parisi, a key cog in the growth and establishment of the brokerage as the go-to for Boca luxury condos and residential real estate across South Florida.
As a result of her record-setting week, which included sales in Sable Pointe & Tropic Isle, Karen was...
Looking for a truly freeing homeownership experience? Save on costs and do it yourself, live outside the realm of an hoa with these 5 MUST See NO HOA homes for sale in Boca Raton!
This classic bungalow-style home features an expansive open area with lots of design options for outdoor entertainment. New windows, French doors, and A/C was installed in 2019. Set back from the main road, this home affords all the privacy and intimacy one would want, with great access to the community around it.
1500 SW 5th ave. Boca Raton, fl 33432 - $1,500,000
This delightful, moderately priced home sits on a wide strand of waterfront at the beautiful Boca Islands neighborhood. Built in 2015, this home grants all the trappings of a modern, sleek waterfront property without the expected concerns with HOA's that many families moving to Boca Raton are seeking to avoid.
Priced at well under our median price for no hoa homes, this home features marbled patios and beautiful interior tiling, hurricane impact windows, a large set back pool and a beautiful fenced in yard.
Boca Raton has always had a glamorous reputation. A community rich in natural beauty and brimming with opportunity, Boca has long been seen as where people go once they've "made it." Yet with conditions nationwide and the economic struggles related to the COVID19 pandemic, many people are moving to Boca Raton for the opportunity, rather than to rest on their laurels. So many are asking the same question, so we came up with 5 of our best answers for why people are moving to Boca Raton.
The Atlantic Ocean
Sure, the Atlantic Ocean has a bit more U.S. coastline than just here in Boca Raton, but for those looking to break their yearlong spell of cabin fever, the Atlantic sunrise feels just a bit more welcoming. From Boca Raton to Miami, the South Florida Atlantic Coastline is a true marvel.
No State Income Tax
This has been an allure for much longer than this current wave of people moving to Boca Raton. The states with the largest outward migrating populations seem to share a few things in common - mainly economically crippling lockdown policies and high taxes at every level. Florida's lack of a state income tax is a game-changer for many families and individuals alike.
Safety and Stability
We're not touting Boca Raton as the final bastion of public safety, but during a year in which crime rates skyrocketed in many...
The real estate market is positively exploding here in Boca Raton. With so many reasons for people to move to Florida, Boca Raton homes have been coming off the market fast! It's always fun to gaze at the most valuable houses for sale in Boca Raton and dream of luxury life. For some, it's a reality. For the rest of us, it's something to work towards. Here are the top 5 most valuable homes for sale in Boca Raton
1271 Spanish River Rd. Boca Raton, FL 33432 - $19,950,000
This fresh architectural masterpiece can be found in Old Boca Raton's Estate Section. For $19,950,000, it is currently the most expensive house on the market currently listed by Champagne & Parisi Realtors.
This brand new Intracoastal mansion was crafted by JH Normal Construction and Brenner Architectural Group. It sits on 190 feet of water frontage, is secured by gates and walls for privacy, giving way to beautiful gardens and a resort-style pool.
1101 Spanish River Rd. Boca Raton, FL 33432 - $16,950,000
This modern mansion features massive multi-level vertical window panes, allowing for the natural beauty of our Florida sunshine to illuminate the entire main receiving area from the front door to the waterfront. With its expansive water views and patio space, this is the perfect home for lawn parties and waterfront cocktails.
415 E. Alexander Palm Rd. Boca Raton, FL 33432 -...
Learn more about Boca Raton's hottest newest condo building! Alina Residences in Boca Raton is the most talked-about downtown condo community with units becoming available in early-mid 2021. Watch Claude of Champagne & Parisi Real Estate on an in-depth discussion with the Director of Sales.
What a slice of heaven; this stunning condo is perfect from the moment you enter the door; floor to ceiling sliding doors in the living room and dining area; views are forever and ever. Unique boutique building situated on Lake Rogers. The kitchen is a cook's dream, no details have been spared in bedrooms, exciting floor to ceiling windows invite the lake views right in; baths with beautiful marble; pool situated on a lake, there is a private dock for daytime use. All solid doors w/special hardware, lighting fixtures are LED throughout and under-counter for dramatic evening effect. Flooring is porcelain, custom cabinetry, this unit has been totally renovated.
There is no doubt that it has been a rough spring for everyone! In Palm Beach County we are finally seeing things getting back to normal with beaches and businesses opening to excited residents. Despite the COVID-19 set back and having to make adjustments in our daily lives, the real estate market in our area did not dip as many expected. Real estate was designated as an “essential business” and Brokers made the adjustments necessary to operate safely and home purchases continued. We also did not see a wave of price reductions. Sellers realized the crisis was temporary and overall held off on the “firesale” approach.
Champagne and Parisi Real Estate is looking forward to a great summer of home sales as the community’s spirit is uplifted with the news that the pandemic is coming to an end. This week Champagne & Parisi Real Estate is releasing the Summer edition of their listings magazine including homes for sale in Boca Raton and surrounding areas. The magazine offered both in a hard copy and digital version features a compilation of Champagne & Parisi Real Estate’s finest properties in a range of price points. Sellers are eager to have their property in the pages of the magazine because of its wide range distribution. Champagne & Parisi Real Estate appreciates the support of the community in this endeavor and hopes for a prosperous summer for everyone! Click here to get your digital version of the Champagne & Parisi Summer Listings Magazine!
At the start of the COVID-19 crisis (back when we were still calling it the Coronavirus), two schools of thought emerged from our learned neighbors, friends and family. The “it’s going to get real bad” group and the “the flu is worse” group. Not knowing which camp to settle in, most of us aired on the side of caution and bought into the thought that “it’s going to get real bad” and ran to the grocery store, cleared out shelves, and, hunkered down for the foreseeable future. Most people didn’t have a choice but to quarantine, “stay at home” orders were implemented, businesses and schools closed and the fear of getting sick with a very unknown illness was looming.
But over a month in, it seems that the tone is changing. People are less anxious about actually getting COVID-19 and are more concerned with when everything will re-open. In fact, in today’s news, citizens in many states are protesting that the restrictive stay at home orders are unconstitutional and discontent seems to be growing among many Americans. I think this is a signal that we are nearing the end of the “lockdown”.
Claude Champagne Co-founder of Champagne & Parisi Real Estate, hopes so, “We would love for things to normalize, but obviously safety is our number one concern”. “We’ve followed all the guidelines but continue to operate, real estate was designated an essential business after all”, says Caesar Parisi Co-Founder Champagne & Parisi Real Estate. “We have promoted our virtual tours and continue to work closely with our trusted title company partners, lenders and attorneys...
Coronavirus (COVID-19), Is it Time to Worry?
I would be remiss not to briefly address the coronavirus (COVID-19) since it has been dominating the headlines of every media outlet nationally and internationally for the last month. You almost can’t help but get wrapped up in the panic after seeing the stock market tank, listening to reports about bare store shelves and learning that there is a run on Purell and Clorox products. The recent interest rate drop was a bright spot for the real estate industry but the COVID-19 cloud still lingers.
I decided to dial back my hysteria and take a look at what is actually happening in our area, ignoring sensational journalism and varied opinions by medical experts that we’ve seen on the national broadcasts. At the posting of this article, there are no confirmed cases of COVID-19 in Palm Beach County. As a matter of fact, the scrolling cover banner of the Palm Beach County Government website is a notice about the 2020 Census, the 2020 Palm Beach County Mobility Planning Summit and a reminder about Outdoor Adventure Day going on today. The Florida Department of Health website doesn’t have any specific advisories for Palm Beach County either. Local authorities are reminding us about general preventative measures like hand washing, but not suggesting a dramatic change in our daily behaviors.
The major problem with the news coverage is that it is heavily focused on what “could happen” or extreme scenarios abroad and fails to give a true picture of what is happening...
Do You Suffer from Overpricedtosis?
The good news, “season” is almost over, the bad news, “season” is almost over. Am I confusing you? Sorry, let me explain… good news first, soon the traffic will resume to normal, you will be more likely to get into your favorite restaurant and peace and tranquillity will return to our area. The bad news, today marks our second day into the last month of “season” and if you haven’t sold your condo yet, you only have 29 more days to capitalize on the biggest pool of buyers in our area at one time.
Businesses off all types thrive during this 3 to 4 month period. Realtors are busy shuffling around town the influx of Northerners, trying to turn “seasonal” renters into Buyers and listing more homes on average than they do during the rest of the year.
But, it’s March 2nd and you haven’t sold your condo yet, should you panic, let’s take stock of the situation. You listed the condo during "season", “check”, you decluttered and made the improvements your Realtor recommended “check, check” and priced it where you wanted, wait, you don’t get a check for the last one. Truth be told, the price you wanted was likely not the Realtor suggested price.
Don’t be ashamed, it’s common. Sellers in our area are often afflicted with Overpricedtosis during the seasonal months. Overpricedtosis causes Sellers to have price delusions and inspires them to list their condos for more than they are worth merely because it is...
Boca Raton, FL is well known for having some of the finest golf and country club communities in the entire country. Each of Boca Raton's exceptional country clubs offers a diverse selection of beautiful homes within a picturesque tropical setting combined with a unique set of top-notch facilities & the finest luxury amenities & services. Featuring world-class championship golf courses, robust tennis programs with perfectly maintained courts, state-of-the-art-fitness facilities, lavish spas, fine dining options, and more, Boca Raton country clubs offer South Florida luxury living at its finest.
It may come as no surprise that this lofty lifestyle of luxury usually comes with a lofty price tag to match, as most Boca Raton country clubs have mandatory equity & annual membership fees which can be VERY costly. However, there is good news—there are still a few golf & country club communities in Boca Raton that require no equity or membership fees where you can enjoy the same country club lifestyle without breaking the bank! Here are the top non-equity communities in Boca Raton, FL:
1. Boca Greens: Located on 175 acres of pristine tropical landscape in West Boca Raton, Boca Greens is a membership-optional residential country...
Check out the Palm Beach County Local Real Estate Market Update for September 2019 below. The following real estate market update & performance summary is based on the latest statistics reported by the Florida REALTORS®, providing a year-over-year comparison of 2018 & 2019 market data for the month of September.
The September 2019 market stats from the Florida REALTORS® reveal that there were 129 more single-family homes sold in Palm Beach County last month compared to in September 2018, representing a 10.5% increase in total closed home sales. On the other hand, the latest market data show that sales for condos & townhomes in Palm Beach County decreased 5.6%, with 58 fewer condo/townhome sales in September 2019 compared to the same time last year.
MEDIAN SALES PRICE
The latest market stats for September 2019 show a median sales price of $355,000 for single-family homes in Palm Beach County,...
Check out the Palm Beach County Local Real Estate Market Update for November 2018. The following market update summary is based on newly released statistics reported by the Florida Realtors®, with a year-over-year snapshot comparison of 2017 & 2018 market data for the month of November.
The November 2018 market stats from the Florida Realtors® reveal that 54 less single-family homes have sold in Palm Beach County in November 2018 as compared to November 2017, representing a 4.3% year-to-year decrease in total closed home sales. On the contrary, condo & townhome sales in Palm Beach County show an increase of 6.1%, with a total of 58 more condo/townhome sales in November 2018 compared to this time last year.
MEDIAN SALES PRICE
November 2018 market stats show that the median sales price for single-family homes in Palm Beach County was $348,000, a 5.5% increase over the $330,000 median home sales prices in November 2017. The median sales price of condos & townhomes in Palm Beach County for November 2018 was $176,750, an increase of 2.8% from the median condo/townhome sales price of just $172,000 in November of 2017.
Check out Palm Beach County’s real estate market performance for August 2018, provided by the local market update & statistics reported by the Florida Realtors. You will notice that overall, the real estate market in Palm Beach County, FL displays relative stability, continuing to reflect the prevailing trends and conditions that have maintained a “seller’s market” thus far in 2018. Let’s take a closer look!
August 2018 market stats reveal that 26 more single-family homes have sold in Palm Beach County in August 2018 as compared to August 2017, representing a slight increase of 1.7% for closed home sales. Condo & townhome sales in Palm Beach County display a slightly greater increase of 2.8%, with a total of 33 more condo/townhome sales in August 2018 compared to the same time last year.
MEDIAN SALES PRICE
In August 2018, market stats show that the median sales price for single-family homes in Palm Beach County was $340,000 which shows no change as compared to this same time last year. On the other hand, the median sales price of condos/townhomes in Palm Beach County for August 2018 was $185,000, a more modest 5.7% increase from the median condo/townhome sales price of just $175,000 in August of 2017.
The lack of significant sales growth in Palm Beach County in August 2018 compared to August 2017 is likely due in part to the continued decline...