Inman.com recently reported on the state of the luxury real estate market, noting that while the majority of the luxury market noticed little to no change, homes above $1 million saw rising prices and shrinking inventory. The report officially states that “Luxury home prices rose 7.4 percent year-over-year to $1.76 million in Q4 2017, according to Redfin’s latest real estate market report. Meanwhile, non-luxury homes experienced a 6-percent year-over-year increase to $333,000.”

 

Redfin Chief Economist Nela Richardson explained that buyers began to feel more confident in the previous quarter, and started investing in more high-end residences. “The stock market hit all-time highs with gains in nearly every sector last quarter, instilling confidence among the wealthiest homebuyers,” they said. “As a result, we saw double-digit growth in luxury home sales in the last months of the year.”

 

It’s no surprise that Boca Raton would see this trend in their luxury real estate market. Its proximity to shopping, dining, and entertainment opportunities makes it an enviable real estate. Combined with on-site amenities that residences such as Moderne Boca offers, such as a Fitness Center and millennium pool, As a result, residences gain popularity, and shrink inventory every day.

 

 

The location of Moderne Boca just improves its value. The award-winning architecture was designed for energy efficiency, flexible living, and chic contemporary style. Three unique floorplans offer up to 3,433 SF of living area, overlooking the Pondhawk Nature Preserve, swimming pool or garden views. Starting in the mid-$500s, Moderne Boca’s location in the heart of Boca Raton features easy access to top-rated schools, world-class dining and shopping, and plenty of arts and culture. This makes it a prime location for year-round or seasonal residents alike.

 

Request our digital brochure for more information about the game-changing features and available floor plans at Moderne Boca. Two designer decorated models are open daily. Visit our Sales Gallery or call 561.300.6787 to schedule a private tour.

Boca Raton’s Luxury Real Estate Market Growing Increasingly Competitive

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