Tuesday, November 22, 2022 / by Dave Magua
With the holiday season approaching, there’s no better time to create a welcoming atmosphere
The season for gathering is almost here, but those who love to entertain year-round know the enduring importance of the right space for hosting. Whether it’s a dinner-party soirée or an intimate gathering with family, the kitchen inevitably becomes the center of attention — so it’s only natural that kitchen design is top of mind. To stay on top of what buyers are asking for, here are six highly coveted kitchen design features that make hosting a joy.
An open floor plan for ease of movement
Buyers want a kitchen that instantly feels like a room they can entertain in. That means it should be spacious and open, rather than closed off and difficult to navigate when there are lots of guests. A natural flow from kitchen to the dining area to living room makes simultaneous preparation, serving, and entertaining a breeze for any type of e ...
Friday, November 11, 2022 / by Dave Magua
It has been three weeks since Hurricane Ian struck Florida on Sept. 28, 2022. The storm took at least 119 lives and caused estimated insured losses ranging from $31 billion to $74 billion, with most estimates in the $60 billion neighborhood. These damages exceed those caused by any other U.S. natural catastrophe, with the exception of Hurricane Katrina.
Above and beyond the tragic ongoing personal and economic hardship wrought, Ian will leave a troubling legacy in Florida’s insurance and real estate markets. Prior to Ian, homeowners insurance premium for Floridians was already three times the national average. The state’s property insurance market was already faltering and under extreme stress, with half a dozen insurance carriers in the state declaring insolvency in 2022 alone
And this is just the beginning. The storm’s aftermath will cause insurance rates to increase, rendering insurance coverage so out of reach that Florin ...
Wednesday, July 13, 2022 / by Dave Magua
About 60,000 home-purchase agreements were canceled in June 2022, or about 14.9% of all homes that went under contract throughout the month, according to a new report from Redfin.
Such figures of canceled contracts have not been seen since early pandemic days in March and April 2020, when the number of contracts that fell through hit 17.6 percent and 16.4 percent, respectively. By contrast, 12.7 percent of contracts fell through in May 2022 and 11.2 percent fell through in June 2021.
Redfin’s analysis includes MLS data dating back to early 2017. The brokerage also pointed out in its report that homes that fall out of contract one month may have entered a contract in a different month, i.e., a property whose contract was canceled in June may have initially gone under contract in May.
“The slowdown in housing-market competition is giving homebuyers room to negotiate, which is one reason more of them are backing out of deals,” Redfin Deputy Chief EconomistN ...
Friday, July 8, 2022 / by Dave Magua
The Jupiter Farms subdivision has been pretty active in the first half of the year.
Every month's sales volume thus far has been consistent.
The biggest change is the amount of active homes for sale, which has tripled since January 2022.
Below is a link to a graph showing the changes.
Actives VS Sales going back to January 2022
Months of Inventory is increasing dramatically
Tuesday, October 26, 2021 / by Dave Magua
Use the link below to The Luxury Report For South Florida, 3rd quarter 2021