Providence Real Estate Group of Boca Raton, Florida Announces the Establishment of a Luxury Home Division-Boca Raton Luxury Real Estate

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Boca Raton Luxury Homes ($1,000,000 or more) have increased 28% over the prior year due to low prices, historically low interest rates along with great things Boca Raton has to offer.

George Pojoga, CEO and licensed real estate broker of Providence Real Estate Group, Inc., a full service real estate firm in Boca Raton, Florida, proudly announces the establishment of a luxury home division that will concentrate its sales and marketing efforts in representing buyers and sellers of multimillion dollar residences.

Based on statistics compiled from the MLS - Multiple Listing Service, there have been 163 residences sold at prices from $1 million to $7 million dollars through November 4, 2010. Versus 127 luxury residences sold in the same period of 2009. The high-end real estate market in South Florida is improving and we anticipate more buying interest in the coming months as the traditional cold weather in the North incentivizes more recent retirees to find warmth and comfort.

With an inventory of over 500 luxury residences available in Boca Raton, we are presently enjoying a buyer’s market, based on the City’s convenient location - midway between Palm Beach to our north and Fort Lauderdale to the south; as well as the proximity (52 miles) to Miami Beach. Boca Raton is known worldwide as a golf lover’s paradise with dozens of private country clubs featuring a wide selection of luxury private residences and town homes. It is the home of the internationally regarded Boca Resort and Club, a 356 acre resort hotel, country club and beach front paradise that is part of the Waldorf Astoria Collection. Boca Raton is also a beach lover’s and fisherman’s paradise, with miles of ocean beaches and direct access to the ocean from the Intra-Coastal waterway. It’s but a short boat ride to the Bahamas for a week-end of Island fun. For the jetsetters, the City of Boca Raton maintains its own airport for servicing private air travel.

Providence’s most recent luxury home sale participation was of a residence located in the Bel Marra subdivision of Boca Raton, directly opposite Highland Beach which is situated on the east side of the Intra-coastal waterway. Bel Marra is a small non-gated community of luxury homes directly on the Intra-coastal waterway or with easy direct access by way of private canals.

Providence specializes in Boca Raton luxury real estate, including waterfront and country club home properties located in Boca Raton, as well as the Delray Beach, Highland Beach and Manalapan areas of Palm Beach County.

For more detailed information on our comprehensive realty services, please call George Pojoga at 561 756-0196; you are invited to view our website at: George can also be reached via email at: george(at)movetoboca(dot)com.

All MLS statistics are presented for illustrative purposes only. While they are deemed reliable there is no assurance given, implied or intended as to their accuracy. They are presented herein subject to errors and omissions.

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