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Pierre Verbeke, Lenson Realty, Inc.

Pierre Verbeke


Lenson Realty, Inc.

561-706-6263

 

Your Boca Raton, Florida Oceanfront Condos Expert

CIPS (Certified International Property Specialist).

Bilingual: français and English.

International businessman with outstanding interpersonal and tested negotiation skills. Dedicated and committed to exceptional customer service.

Hobbies and Sports: photography, travel, golf, exercise

Sale Performance: April 23, 2010 up to Now

  • 25 condos sold ($12,969,000)
  • Seller Agent: 21 times.
  • Buyer Agent: 7 times.

 

What's News in the Palm Beach County Townhouses/Condos Market?

December 2015 
Condo/Townhouse Statistics Dec 2015   Dec 2014  % Change
Closed Sales                       1,161         1,120         +3.7%
Median Sale Price                $155,000   $140,000  +10.7%
Median Days on Market        39               50              -22%
Avg. of Orig. List Price Rec.  92.4%       91.9%       +0.5%
Inventory (Active Listings)   6,123         6,237         -1.8%
Months Supply of Inventory  5.2             5.6             -7.4%
(Source: RAPB)

National Forecast for 2016
NAR predicts modest home sale increases in 2016.
National Association of Realtors (NAR) Chief Economist Lawrence Yun cites pent-up demand, sustained job growth and improving inventory conditions as his reasons for an expected gain (from 2015) in new and existing home sales between 1 and 2% and in prices between 5 and 6%. Yun cited rising mortgage rates, home prices that still outpace wages and shaky global economic conditions as headwinds that will likely hold back a stronger pace of sales. 

November 2015

Condo/Townhouse Statistics  Nov 2015   Nov 2014   % Change
Closed Sales                             865            847             +2.1%             
Median Sale Price                    $140,000   $133,000    +5.3%
Median Days on Market           36              54                -33.3%
Avg. of Orig. List Price Rec.    93.1%        92.1%         +1.1%
Inventory (Active Listings)    6,170         6,231           -1.0%
Months Supply of Inventory   5.2              5.6              -6.8%
(Source: RAPB)
 
Although we are still in a seller's market, November statistics showed signs that we are moving towards a more neutral real estate market that favors neither seller nor buyer. If you have been on the fence about listing your property, now is the time to sell (Source: Matt Halperin, RAPB President).

 
Florida Forecast for 2016
According to Dr. John Tuccillo, Florida Realtors Chief Economist: "For most of 2015, the Florida real estate market has outperformed the nation as a whole. In recent months, however, it has eased off a bit. For 2016, we expect this settling down to continue. Against the backdrop of an expanding state economy with growing employment, home sales should increase by 8-10 percent over 2015 and home prices should rise by about 5 percent.
The biggest potential snag to this forecast at the Florida level is the growing shortage of workforce housing in the more populated areas of the state.
On a national level, rising interest rates may cause a dent in the market, but it will not have a significant effect.
Weak economic growth in other countries will dampen international demand for Florida real estate but foreign buyers will remain a noticeable presence in the market." (Source: Florida Realtors News).
 

October 2015

Condo/Townhouse Statistics Oct 2015 Oct 2014  % Change
Closed Sales                             1,209       1,175        +2.9%
Cash Sales                               737          803           -8.2%                      
Average Sale Price                    $227,377  $202,698  +12.2%

Median Days on Market             48            56             -14.3%
Avg. % of Orig. List Price Rec.   92.8%      92.2%       +0.7%
Months Supply of Inventory       4.9          5.5            -10.6%
(Source: BeachesMLS)
 
Nationwide
Home prices continued their rise across the country over the last 12 months: the S&P/Case-Shiller U.S. National Home Price Index recorded a 4.9% annual increase in September 2015 versus a 4.6% increase in August 2015.
(Source: RISMedia)
 

September 2015

Condo/Townhouses              Sept '15   Sept '14  %Change

Closed Sales                        1,183      1,018       16.2%

Cash Sales                          727          682         6.6%

Average Sale Price               $227,886 $205,596 10.8%

Median Days on Market        45            63           -28.6%

Av% of Orig. List Price Rec. 92.1%      91.3%     0.9%              

Months Supply of Inventory  4.6          5.3          -12.7% 

Palm Beach County: Condos Sales Back to Double-Digit Gain!

Although the number of Palm Beach County condos/townhouses sales increased only 1.6% for August, we are back to a double-digit gain for September with 16.2% year-over-year. The average sale price climbed 10.8% and the median days on the market continued to decrease from 63 to 45 days. (Source: RAPB).

 

August 2015

Condos/Townhouses             Aug 2015    Aug 2014  % Change
Closed Sales                         1,086         1,069        +1.6%
Cash Sales                            667           728            -8.4%
Average Sale Price                 $211,478   $216,779   -2.4%
Median Days on Market          45             56              -19.6%
Avg % of Orig. List Price Rec.  92.4%       91.7%       +0.8%
Months Supply of Inventory    4.5            5.2             -13.3%
 
Why are home sales leveling off?
Closed sales increased a mere 1.6% and cash sales decreased 8.4%. Overall sales below $150,000 declined. Meanwhile, the other indicators point toward continued strong demand and tight supply.
“In August, home sales leveled off due to a significant decline in cash sales. However, the number of financed transactions have increased year-over-year, and now that the Federal Reserve has opted to keep interest rates near zero, we expect to see borrowers continue to obtain financing in the coming months. If you are selling your home, we encourage you to be more receptive to offers with financing contingencies in light of the shrinking number of cash buyers,” said Matt Halperin, 2015 President of the Realtors® Association of the Palm Beaches (RAPB).

 

 

 

Sunrise on the Atlantic Ocean,  Boca Raton, Florida

 

Contact me at 561-706-6263 for more information. 

 

Customers reviews

I listed my condo with Pierre and Marie-Louise because the team Verbeke has reputation, market knowledge, great marketing programs and oceanfront condos expertise. I was very satisfied with the services they provided: rapid sale (less than 5 weeks) and I got a sold price close to the asking price. Pierre and Marie-Louise are very professional real estate agents. I certainly would recommend them to anybody who wants to sell an oceanfront condo!

Barbara G., May 2014

 

"Marie-Louise and Pierre are extremely professional and quite knowledgeable of the current markets locally and globally.
They work diligently to market your property and Marie-Louise is very helpful in telling you what improvements need to be made, if any, to make your property more appealing even to the most discerning buyer. Together, they make a great team and were a pleasure to work with. I had no worries when it came time to handle my closing. They were there every step of the way. I would highly recommend Marie-Louise and Pierre."

Sandra F., March 2014

 

"We listed our oceanfront condo in Boca Raton with the "Team Verbeke" because of their market knowledge, reputation, marketing programs and expertise. Showings were conveniently done to our wishes and our unit sold for close to desired price in a very timely matter (6 weeks). Marie-Louise and Pierre are both professional and caring: we were satisfied with their services and would definitively recommend them to anybody who needs to sell a property!

Eileen M., May 2014

 

Dear Pierre,

Thank you so much for helping us sell our L-L condo at Whitehall for close to the desired price and in just 8 weeks.

We have appreciated your professionalism, your knowledge of the market, your permanent communication and your negotiation skills.  It was also reassuring to have you at Whitehall while we were back in Washington, D.C. to do the coordination and the follow up of the repairs jobs that needed to be done in our unit before the closing: you certainly are a very efficient Manager!  Everything took place as scheduled and the closing happened on time.

Please also convey to Marie-Louise our thanks and gratitude for the outstanding job she did for us: she found in a very short period of time, the right apartment to rent for the winter at "Lake House South" and we enjoyed it so much.

It was a real pleasure to work with you both!  We definitively will recommend the "Team Verbeke" to any of our friends and family.

Sincerely,

Ellen and Stanley A., January 2, 2014

 

Pierre Verbeke was our listing agent for our Whitehall condo in Boca Raton.
He was very professional and did an excellent job communicating with us
through the entire process from listing until closing. Pierre was there for every
showing and we had weekly updates from him with comments from every
showing. Pierre was very helpful pricing and completing the sale of our unit.
 
Jim and Pam H., February 2014
 
 "What we most enjoyed and appreciated working with Pierre, is that while every detail was taken into account and handled with utmost importance, he was also a real person that understood the emotions that come along with buying and selling a property. Pierre also DID NOT make our real estate transaction seem like "Lets Make A Deal", he reacted immediately when things needed to be handled, as well as giving each situation or question that would arise some thought- Pierre based things on FACTS!! Key item in buying and selling properties! We plan to use Pierre again when buying in So. Florida in the future!! Amazing realtor!"

Randi & Jim D., September 6, 2013

 

See more reviews in "My Blog"!

 

Amis Canadiens,

Si vous cherchez un agent immobilier qui parle le français comme langue maternelle, qui vit en Amérique depuis plus de 25 ans et qui connait bien le marché des appartements sur la plage de Boca Raton en Floride du sud, votre recherche est terminée. Je vis à Boca Raton depuis 1999. Contactez-moi sur mon téléphone portable (561)706-6263 ou faites votre recherche vous-même: c'est très simple et très amusant! Si vous voulez voir quelques photos de Boca Raton, allez sur "My Blog" et "clicker" sur "Pictures of Boca Raton". J'espère vous parler bientôt!

 

Whitehall Beach on Boca Raton Beach, South of the Inlet

 

Whitehall 2000 is today one of the best Real Estate investment on the beach of Boca Raton, Florida!

This 164 units (2BR, 3BR) condominium completed in 2010 a $10 million renovation: new Hurricane-proof windows/sliders and concrete restoration of all balconies/catwalks. New brick-pavers in the driveways and in the parking spaces. New bathrooms and saunas next to one of the largest pools along the beach of Boca Raton. New "State of the art" 1,300 square foot Fitness Center. Freshly renovated lobby, card room and social room. The pool, pool deck and garage are presently getting renovated with a $5 million budget. The completion is scheduled for fall 2015 and it will look terrific with its new Jacuzzi, permanent BBQ corner, etc...

Contact me on my cell phone: 561-706-6263 for more information.  

  

Whitehall Condominium seen from the beach

 

 

Whitehall Pool

 

 Whitehall Lobby

 

Whitehall "State of the Art" 1,300 SqFt Fitness Center

 

 

View more Pictures of Whitehall 2000

View units for sale at Whitehall and on Boca South Beach

 

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Contact me at 561-706-6263 for more information!

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