There is a revival in new home sales, and that is great news. According to a recent USA Today article, The Census Bureau reported an 18.6% increase in last month's new home sales. That's the highest pace since May 2008!! Seasonally adjusted, new home sales reached an annual national rate of $504,000, beating economist's forecast of $440,000.
Not only is that great real estate news, but in addition to an increase in the number of sales, the median sales price of new homes was 7% above last year.
The real estate market continues to forge ahead, The National Association of Realtors recently reported that existing home sales increased 4.9% from April, while optimism for the economy improves with consumer confidence for June reaching a 6-year high according to USA Today.
With that being said, South Florida continues to see an increase in pre-construction homes. Not only is new construction in Miami booming, but Boca Raton has added two new pre-construction projects set to break ground in the next few weeks.
The first project is Pointe100. There are just 100 opportunities to live in Boca Pointe's prestigious new luxurious private community. This Boca Raton country club community has all the amenities without mandatory membership. And Pointe100 will have it's own pool/clubhouse/gym, The Pennisula Club, separate from the main clubhouse just for the owners of this unique neighborhood. Three spacious floorplans from the low $400s featuring Coastal Modern Architecture. Don't miss this rare opportunity to get in at pre-construction pricing in this rare Boca Raton townhome project.
The second project is Akoya at Boca West. Located right in the center of the nations #1 Private Residential Country Club, boasting over 30,000 sq. ft. of award winning club facilities will sit Boca West's newest luxury condominium, Akoya, featuring 120 state of the art units within only 9 stories. This is the first luxury high-rise to be built in this area in over 25 years!
These elegant, boutique residences boast of every conceivable luxury amenity available. Make your grand entrance onto the site of this magnificent development in the heart of Boca Raton. As you disembark at one of Akoya's three masterfully designed porte-cochere arrival courts, with glass walkways leading you along a linear rock and water gardens into a contemporary sanctuary, you will be happy to have arrived home!
Boca West has a monthly magazine filled with events that are sure to please just about everyone. Look inside of Boca West's June/July monthly magazine to see what peaks your interest.
Both of these projects are located close to beautiful, upscale Mizner Park which offers an array of restaurants, boutiques and shops, events and concerts and even an iPick movie theatre, There is always something to do in Boca Raton.
For the BEST pricing and selection of unit offerings, Contact Caren Nealon at 561.235.2720 or Linda Zecchino at 561.320.1224 at The Caren Nealon Group at Nestler Poletto Sotheby's International Realty.