Business at Waterfront Properties Mirrors National Association of Realtors Report

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The Pending Home Sales Index jumped to its highest level since April of 2010.

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Business at Waterfront Properties and Club Communities got a big boost at the end of the year in terms of real-estate transactions, in line with the new report. And the drawing up of contracts hasn’t slowed since the company entered the new year.

According to the National Association of Realtors, more homes were under contract in November of 2011, the latest month for which figures are available, than any other month is the past 2 ½ years.

Business at Waterfront Properties and Club Communities got a big boost at the end of the year in terms of real-estate transactions, in line with the new report. And the drawing up of contracts hasn’t slowed since the company entered the new year.

Agents are closing on home sales daily, from less than $500,000 to more than $1 million. The company specializes in homes for sale on Singer Island, within golf-course communities and in Mirasol in Palm Beach Gardens.

The National Association of Realtors’ Pending Home Sales Index saw an increase of 1.7 percent in November of 2011, to 106.4. According to chief economist Lawrence Yun, that is a level last seen in April of 2010. In April of 2010, the tax credit for buying a home expired. Yun also said the gain marks the third straight, signaling an ever-improving marketplace, as homeowners feel more confident in investing in property.

Overall, pending sales of previously owned homes were up almost 10 percent between November of 2011, and November of 2012, according to the Pending Home Sales Index.

Industry analysts are optimistic not only because home sales are rising, but also because home prices and new construction are rising, too.

Waterfront Properties agents believe the housing market has turned the proverbial corner following four years of downturns. The licensed brokerage is based in Jupiter and has been in business for 20 years in northern Palm Beach and southern Martin counties. It is one of the leading purveyors of luxury real estate along the Gold Coast, including Intracoastal Waterway property for sale.

For information, call Managing Partner Rob Thomson at 561-746-7272.

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