Marotta Realty Group Blog

Singer Island real estate market updateSinger Island Market Statistics for July 2015 - June 2016

A close examination of the MLS closed sales data for Singer Island Condos for the period July 1, 2014 to June 30, 2015, and then comparing the data to the same time period in the following year, illustrates a stable market with a slight decrease in total sales volume, but a small increase in median sales price.

Last year, a total of 206 condo units sold on Singer Island. That's a 6% drop from the prior year when 219 total units sold. However, the median sales price last year was $420,000 versus a median sales price of $416,825 in the prior year. That means prices increased slightly by 1% over the previous year.

The percentage of sales in different price categories on Singer Island also

365 Views, 0 Comments

Vince Marotta, North Palm Beach real estate agentThe Marotta Realty Group is proud to announce that Vince Marotta recently sold the most expensive Jupiter Island condo in more than two years. This suite represents the penthouse on the north side of The Claridge, a signature building which most experts will say has no area rival other than perhaps The Carlyle on Jupiter Island.

About The Luxurious Suite In The Claridge

Mr. Marotta represented the seller, and Ray McAlees of Coastal Sotheby's International Realty represented the buyer.  This ultra-luxury suite consists of three bedrooms with four full baths, a half bath, and 3,510 SF of air conditioned space.  Best of all, the apartment boasts a private roof top terrace on two levels with a outdoor bar, summer kitchen, and air conditioned full bath

1,282 Views, 0 Comments

Singer Island condominiumsA close examination of the Singer Island oceanfront condo market shows that about 40% of the sales occur in the price range between $200,000 and $400,000. I looked at the closed sales data in the Multiple Listing Service (MLS®) for the one year period 3/23/15 to 3/23/16 and noticed that 84 of the sales out of a total of 209 were in that price range, and that's exactly 40%. I then looked at the data for the prior one year period 3/23/14 to 3/23/15 and found that 85 sales out of the total of 205 or 41% were priced between $200,000 to $400,000.

These units are typically 2 bedrooms with 2 baths, and in the size range of 1,100 SF to 1,500 SF. Certain factors like age of building, ocean and/or Intracoastal Waterway views, floor level, building amenities, and

502 Views, 0 Comments

The Marotta Realty Group is extremely proud to announce that Vince Marotta will host the "CBS 12 Mansion of the Week."  This weekly program will highlight mansions in the greater Palm Beach, Florida area from Jupiter to Boca Raton, and Wellington to Palm Beach.  Each week, Mr. Marotta will bring the viewing audience to a different location and introduce them to a spectacular estate for sale.  Working together with the listing agent for each property, Mr. Marotta and his guest realtor will walk the property while explaining the key features and custom finishes that truly classify that estate as a "mansion."  Luxury oceanfront penthouses with private roof top terraces, unique properties in the most exclusive golf course communities, grand oceanfront

589 Views, 0 Comments

The Marotta Realty Group just listed 215 Bear's Club Drive, Jupiter, FL 33477 in the estate section of The Bear's Club for a record asking price of $6,950,000.  This vacant lot # 10 is the largest available building site in the community that is directly on the championship golf course.  Located on the 4th hole, views to the Southeast capture much of the golf hole and water views from the tee to the landing area of members' drives.  The site is 1.47 acres.

Vince Marotta, the listing Broker Associate, describes this property as "the finest building site in Palm Beach County."  He goes on to say "some people prefer living directly on the ocean, but lot prices there are double or triple this price for a comparable size piece of property, and many folks

443 Views, 0 Comments

The numbers speak for themselves - Admiral's Cove, The Bear's Club, and Old Palm Golf Club dominated 2015 ultra luxury sales (not including properties that are directly on the ocean) in the Northern Palm Beaches.  In order to set geographic boundaries that most accurately displayed the numbers for 2015 luxury property sales that were not located on the ocean, I drew a map around the following area:  Indiantown Road (northern boundary); US. Hwy. 1 (eastern boundary); Northlake Blvd. (south boundary); and the Beeline Highway (west boundary).  Once the map was set, I looked at all closed sales over $1M in the Multiple Listing Service for that geographic area.  Based upon that data from the MLS, here's a few facts to support my claim:

  • The top 3 sales in
443 Views, 0 Comments

Now that 2015 is in the rear view mirror, it's important to look at the detail behind the numbers with respect to Singer Island Condo sales.  The first thing that jumps out at me is how much values have increased at the high-end of the market in this oceanfront community.  For example, in 2014, the highest priced condo sale on Singer Island was $3.8M, and there were a total of 13 sales over $2M.  In 2015, the highest price sale was $8.95M, and there were a total of 18 sales over $2M with one sale at $4.5M and two sales at just under $9M.  That's a 38% increase in sales over $2M in just one year.

Here's a general look at the overall Singer Island Condo market:  There were 221 total sales in 2014, and 214 total sales in 2015.  Even though that's a 3%

465 Views, 0 Comments

The housing market in the United States continues to strengthen, and as it does, the total value of homes in the U.S. has increased to a total value of $28.5 trillion dollars.  That's a 4.1% increase year-over-year from 2014.  The growth in 2014 was 6% from the prior year.  That means the total value of the U.S. residential market has grown by more than 10% in two years.

Since the low of the real estate depression in December of 2011, the market value has gained $5.3 trillion dollars, but is still $782 billions below it's market high of $29.2 trillion in October of 2006.

Home values are not distributed equally across the country.  For example, California makes up about 12% of the U.S. population, but due to high property values in some cities like

542 Views, 0 Comments

The Marotta Realty Group proudly announced that they have the highest priced condo listing in both Jupiter Island and Juno Beach.  Their signature penthouse north listing in the Claridge has a private rooftop terrace that overlooks the estate homes of Jupiter Island.  This property is currently listed for $3,950,000, and Vince Marotta is the listing agent. 

Mr. Marotta also has the listing for the only unit that is currently available in the Carlyle, 2-South, which is the only true four bedroom condo on Jupiter Island and is asking $2,832,000.

The Oceanfront in Juno Beach boasts the largest units in town by about 1,000 SF.  Vince Marotta has Oceanfront 902 listed at $2,100,000 which makes it the highest priced condo unit in Juno Beach.  Covering

424 Views, 0 Comments

Vince Marotta holds the listings for the last three remaining estate lots in arguably the finest golf course community in the area, The Bear's Club.  These three contiguous one acre home sites sit on the 2nd hole of the championship golf course, and enjoy views across water to the golf.  Because the properties are contiguous, a buyer could purchase one lot or multiple lots in a variety of configurations to complete a compound estate of up to three acres with more than 500 feet of frontage on one of the top golf courses in America.  Starting at $2,900,000, these vacant lots are among the best in the area.

Contact Vince at 561-847-5700 to learn more about Jupiter Island condos or properties in other fine communities.

591 Views, 0 Comments