February Boca Raton Real Estate Update

I am happy to report to everyone that real estate activity has absolutely picked up. More transactions are being done, pricing seems to be leveling off and more investors are entering the market trying to seize the opportunities for the appreciation that we are bound to see in the next few years.

 One thing that has not changed in our area is that while the rest of the country is experiencing the worst winter in years; the greater Boca Raton area has had the best weather in the country! Although weather is not the only criteria for people to buy a home, the fundamentals as to why people want to be in our area have not changed: the weather, the lifestyle, and the lack of a commute to work are just a couple of favorable reasons. As I have been known to joke; if the weather around the country is horrible, our real estate business is always better!

 In addition, the Boca Raton Executive Club has been taking off tremendously. If anyone is interested in joining this dynamic networking organization which meets the 1st Wednesday of each month at Woodfield Country Club, please click on the link or contact me with any questions at 561-843-0918.

If you would like to find out more about Koolik Group Realty, click here.

Koolik Group Realty Continues Seeing an Increase in International Buyers

The Florida Association of Realtors recently conducted a survey about realtors and their personal experiences with international buyers. The survey was conducted between the months of July and August and a total number of 936 responses were received. It turns out that approximately two in every three Florida realtors have conducted at least one international transaction within the past year. According to FloridaRealtors.org “One in five [realtors] worked with two international clients, and 18 percent [are] working with three or more.”

Western Europe and the United Kingdom account for a 29% share of these foreign buyers while Latin America, including Mexico, the Caribbean, Central America and South America accounted for 16%. Although the Orlando-Kissimmee area accounts for 19% of homes bought by international buyers, the Ft-Lauderdale – Miami area is close behind with 17% of the buyers choosing to live in our area.

At Koolik Group Realty, this does not come as a shock. "International homeowners and investors are seeing the US real estate market as a great place to invest in, especially with the weak US dollar. Our office has been showing real estate properties to a wide array of individuals whether from Latin America, England or Germany," said Elliot Koolik, CEO of Koolik Group Realty. "Our realtors are helping people find primary homes, secondary homes; as well as, vacation homes.”

To read more highlights of this report, please click here.