RE/MAX Advisors 9615 Westview Drive Coral Springs, FL 33076
Each office Independently owned and operated.
BROOKSIDE
JAMIE SENECA REALTOR® and Brookside Neighbor
954.647.9682
R E A L E S TAT E M A R K E T R E P O RT
Jamie@JamieSeneca.com www.HomesOfBrookside.com Let’s Connect
Visit www.HomesOfBrookside.com for current market activity, community information, and more.
DON’T JUST LIST YOUR HOME
EXPERIENCE RECORD SUCCESS WITH JAMIE! Sold Within 72 Hours with Multiple Offers for $51,000 Over Asking!
Video Tour: vimeo.com/432865297 6441 NW 42nd Court | Sold for $576,000 4 Beds | 2.0 Baths | 2,310 Square Feet
SEPTEMBER 2020
#1 REAL ESTATE TEAM AGAIN IN BROOKSIDE, YARDLEY ESTATES AND NORTH SPRINGS FOR 2019 HOMES SOLD!
Under Contract Within 72 Hours with Multiple Offers!
Video Tour: vimeo.com/440669164 4607 NW 98th Lane | Offered at $525,000 4 Beds | 2.0 Baths | 2,336 Square Feet
WWW.HOMESOFBROOKSIDE.COM PRE SE NT E D BY
“Professional, responsive, personable, and will go the extra mile for her clients. Our home sold fast, and we bought our new one with her at the same time! Thanks, Jamie!” - 5-Star Zillow Review Jonathan-Thomas and Angela-Marie, With interest rates remaining low and home prices increasing at a healthy pace, homes in Brookside are in high demand. Your real estate opportunity is here! If you or someone you know is considering buying or selling, call me today at 954.647.9682.
Jamie Seneca
Your Brookside Neighbor and Real Estate Specialist
RANKED IN THE TOP 1% OF REALTORS IN SOUTH FLORIDA! PRE PA RE D E SPE CI A LLY F OR
Jonathan-Thomas and Angela-Marie Washington
JAMIE SENECA
BROOKSIDE
REALTOR® and Brookside Neighbor
954.647.9682
REAL ESTATE MARKET REPORT
Jamie@JamieSeneca.com www.HomesOfBrookside.com
Ranked in the Top 1% of Realtors in South Florida!
Let’s Connect
$
Living, Loving, and Promoting our Community’s Value for Over 10 Years!
COMPARING 2020 TO 2008 Annual Home Price Appreciation
In the years leading up to the housing market crash, home price appreciation (the increase in value of houses) was out of control. Homes simply became too expensive for buyers to afford, which became a contributing factor to the crash. The price of homes is still high today, but it’s risen at a more stable level. Inventory is at a low in most markets, causing a surge in demand.
Then...
Source: Freddie Mac
11.4%
8.5% 8.7%
8.6% 6.5%
4.4%
5.2% 5.5%
6.4% 4.8% 4.7%
The 6 Years Leading up to The Housing Crash
The Last 6 Years
2000 2001 2002 2003 2004 2005
2014 2015 2016 2017 2018 2019
Now...
Year
Dollars
Year
Dollars
2005
$263B
2017
$71B
2006
$321B
2018
$87B
2007
$240B
2019
$89B
Total
$824B
Total
$247B
Prior to the housing crisis, many homeowners were using cash-out refinances to supplement their cash flow, meaning they were tapping into their home’s equity as soon as it built up enough rather than letting it grow and build their overall wealth.
2
ACTIVE UNDER CONTRACT
ADDRESS
PENDING SALES
BEDS
BATHS
EST. SQ.FT.*
LIST PRICE
SOLD PRICE
SOLD DATE
SUBDIVISION
Sold
4972 NW 105th Drive
4
2.0
2,200
$495,000
$490,000
05/29/20
Brookside
Sold
10466 NW 48th Place
4
3.0
3,400
$599,900
$590,000
05/15/20
Brookside
Sold
4911 NW 104th Avenue
4
2.0
2,200
$485,000
$485,000
05/08/20
Brookside
Sold
10353 NW 54th Place
4
3.0
2,600
$469,999
$452,000
05/05/20
Brookside
Sold
4931 NW 101st Avenue
5
3.0
2,800
$579,000
$579,000
04/30/20
Brookside
Sold
5077 NW 104th Avenue
4
3.1
2,600
$520,000
$525,000
04/17/20
Brookside
Sold
4961 NW 102nd Drive
5
2.1
2,600
$539,900
$539,900
04/14/20
Brookside
Sold
10422 NW 48th Manor
4
2.1
2,400
$515,000
$515,000
03/31/20
Brookside
Sold
10310 NW 49th Court
4
2.0
2,300
$509,900
$490,000
03/26/20
Brookside
Sold
4948 NW 105th Drive
4
2.0
2,400
$475,000
$465,000
03/20/20
Brookside
Sold
10344 NW 48th Court
3
2.0
1,700
$365,000
$365,000
03/02/20
Brookside
Jamie Seneca and RE/MAX Advisors are not in any way affiliated with Brookside Owners Association, nor is this in any way an official advertisement or publication of Brookside. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the GFLR between February 6th, 2020 and August 6th, 2020. Listings and sales may not be those of RE/MAX Advisors. The GFLR does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated square feet rounded down to the nearest hundred.
This put many homeowners in a negative equity position when the housing bubble burst; they owed more on their home than it was actually worth.
Jonathan-Thomas and Angela-Marie, Now is a great time to sell your home! Interest rates are still extremely low, and I employ a number of ways to keep the selling process safe. If you’re ready to talk about these unique opportunities, call me today at 654.647.9682.
2
11 HOMES SOLD IN THE LAST 6 MONTHS IN BROOKSIDE STATUS
Source: Black Knight
Use of Home Equity
Total Home Equity Cashed Out by Refinance in Billions
12.5%
2
ACTIVE HOMES IN YOUR AREA!
ACTIVE LISTINGS
COVID-19 has had a large effect on the economy – so much so that you might have heard talks of our country entering another recession. Due to the severity of the 2008 financial crisis and the ensuing recession, the term stirs up a lot of emotions for many, especially when it comes to the real estate market.
Inventory and Appreciation
SELLER’S MARKET
2
ARE THEY DIFFERENT?
Jonathan-Thomas and Angela-Marie, The demand for your community is high! Please call me at 954.647.9682 to discuss how I can help you maximize the selling potential of your home.
TAKE ADVANTAGE OF THE
15 years and over 2,500 closed loans in South Florida
Ryan Brandenburger - Branch Manager
Paul D. Mandel - Attorney At Law
Direct: 561.717.2100 | Mobile: 954.394.9005
p: 954.344.8420 | f: 954.344.8852
Fax: 561.717.0778 RB@myccmortgage.com
pmandel@capitalabstract.com | www.CapitalAbstract.com
www.ThePurchasePowerTeam.com
CORAL SPRINGS OFFICE: CORPORATE HEADQUARTERS 10101 W. Sample Road | Coral Springs, FL 33065
NMLS 358278
Source: www.watersongmortgage.com
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020