| REAL ESTATE TRENDS
and BallenIsles Sales* 
Florida Ranked Third for Highest Home Price Increases in Second Quarter
Florida's home prices jumped 7.4 percent in the second quarter of the year compared to the same time in 2011, ranking it third in the nation for the highest annual increase.
The national average increase was 3 percent, according to the Federal Housing Finance Agency house price index report released Thursday. The index also showed that home prices rose nationally 1.8 percent from the first quarter of this year to the second quarter, marking the largest hike in quarterly prices since the end of 2005.
"Although some housing markets are still facing significant challenges, house prices were quite strong in most areas in the second quarter," said FHFA Principal Economist Andrew Leventis. "The strong appreciation may partially reflect fewer homes sold in distress, but declining mortgage rates and a modest supply of homes available for sale likely account for most of the price increase."
An area that includes Miami, Miami Beach and Kendall had the highest second quarter price increase in the nation, rising 8.3 percent between the first and second quarters.
You can expect to see these effects in the Northern Palm Beach County area too.
BALLENISLES SALES
July & August
ADDRESS BR BA SALE $ ORIG. $ SALE DATE MKT TIME
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119 WINDSOR POINTE DRIVE |
3 |
3.5 |
$735,000 |
$775,000 |
07/02/2012 |
275 | |
103 GRAND PALM WAY |
5 |
5.5 |
$1,362,500 |
$1,575,000 |
07/02/2012 |
286 | |
127 EMERALD KEY LANE |
3 |
3.0 |
$340,000 |
$399,000 |
08/01/2012 |
317 | |
169 WINDWARD DRIVE |
3 |
4.5 |
$465,000 |
$620,000 |
08/03/2012 |
516 | |
204 CORAL CAY TERRACE |
3 |
3.0 |
$182,000 |
$229,900 |
08/20/2012 |
187 | |
109A PALM POINT CIRCLE |
3 |
2.0 |
$224,900 |
$224,900 |
08/27/2012 |
266 | |
244 CORAL CAY TERRACE |
3 |
2.0 |
$200,000 |
$249,000 |
08/30/2012 |
161 | |
39 ST JAMES DRIVE |
3 |
4.5 |
$771,000 |
$939,000 |
08/30/2012 |
257 |
*This representation is based in whole or in part on data supplied by the Realtors Association of the PalmBeaches or its Multiple Listing Services thru 09/07/2012.
To learn more about current Real Estate trends in BallenIsles, click on the links below. |
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FEATURED PROPERTY
NEW LISTING
27 Bermuda Lake Drive
Fantastically upgraded home in desirable Bermuda Bay neighborhood! Situated on a large, heavily landscaped lot close to the heart of all BallenIsles amenities. Double door entry into the gracious foyer and you know the quality is all here. Saturnia marble and oak floors, French doors throughout with phantom screens, kitchen with oak wood cabinetry, remodeled bathrooms, elegant master suite with fabulous master bath, pocket office, air-conditioned workshop/studio, extensive crown molding, plantation shutters, solid wood doors with raised moldings, large pool and patio area and huge curb appeal make this house just extra special. Owner is flexible with membership requirements and a condo swap would be ideal. Do not miss out on this one!
See a virtual tour of this property
See All BallenIsles Properties for Sale |
GREAT ESCAPES
Morikami Museum and Japanese Gardens
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Facinating history, outstanding museum, drop-dead gorgeous gardens, superb on-site Japanese restaurant, unusual special events and unique gift shop, the Morikami is a treasure!
| MUSEUM
The original building, named the Yamato-kan, is modeled to suggest a Japanese villa. It features a ring of exhibition rooms embracing an open-air courtyard with a dry garden of gravel, pebbles and small boulders. The Yamato-kan offers a permanent exhibit chronicling the history of the Yamato Colony, a Japanese farming community in South Florida 100 years ago.
The principal museum building opened in 1993 to meet a popular demand for more programming, more versatile facilities, and to satisfy the needs of a growing community. The museum's architecture is inspired by traditional Japanese design. The building features exhibition galleries, 225-seat theater, authentic tea house with viewing gallery, library, classrooms, museum store, cafe and lakeside terrace with Japanese courtyard garden.
The Morikami Museum Collection houses 5,000 Japanese art objects and artifacts, including a 500-piece collection of tea ceremony items, more than 200 textile pieces and recent fine art acquisitions. The 200 acres that surround The Morikami's two museum buildings include expansive Japanese gardens with strolling paths, resting areas, tropical bonsai collection, small lakes teeming with koi and other wildlife, nature trails, pine forests and park and picnic areas. |
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GARDENS
In 2001, The Morikami completed a major garden expansion and renovation. The new gardens reflect major periods of Japanese garden design, from the eighth to the 20th century, and serve as an outdoor extension of the museum. The Morikami Gardens consist of shinden islands, paradise garden and contemporary garden. According to the garden designer, Hoichi Kurisu, each garden is intended to express the character and ideas of a unique counterpart in Japan without attempting to duplicate those gardens, and seamlessly flow together as one garden.
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The Morikami Museum and Japanese Gardens, with its unique gardens and collections, is one of Palm Beach County's most treasured cultural attractions. Located in a tranquil natural setting, The Morikami invites visitors to explore its many facets and to discover Florida's heritage and its connection with Japan.
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