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Boca Raton Real Estate
Found 200 blog entries about Boca Raton Real Estate.
Newly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for December. Read on to learn more about the South Palm Beach County Real Estate market:
We closed out the year with an overall year over year increase of 4.1% in the Median Sales Price and 7.4% of the Average Sales Price for all property types in South Palm Beach County. Although it is a slight increase, it is a smaller change than in recent years. So although home prices have not yet fallen, there was a decline in the rate of appreciation. The price increases are a result of high demand for fewer homes for sale, however, there is evidence that inventory…
Are we in a bubble? Over the summer it seemed everyone was speculating upon whether or not we are in the midst of a housing price bubble. It is too early to predict a market shift in residential real estate, but there are some common indicators that contributed to the previous market crash rearing their heads again.
Wage increases have not kept the same pace as home prices, leading to affordability concerns - particularly with lower-priced homes. Additionally, predicted interest rate hikes will continue to affect borrowers’ buying power.
On the other hand, demand continues to outpace the supply of available homes in many markets. This trend leads to increased prices overall. Median Sales Price of…
June’s performance for the Palm Beach County real estate market for existing homes largely reflected the prevailing trends that we had seen for 2018 thus far, as revealed in the latest market statistics from Florida Realtors.
Overall, 50 fewer single-family homes sold in Palm Beach County in June 2018 as compared to June 2017, a 2.7% decline. Meanwhile, 60 more condos and townhouses sold this past June, an increase of 4.9% compared to the same period the previous year. The number of closed sales year to date (January-June 2018) did not change from the previous year for single-family homes and rose 4.3% for condos/townhomes.
The absence of sales growth (especially in single-family homes) of the past couple of years is due
Beautifully updated 3 bed 2.5 bath, two-story townhouse located in Thornhill Village in the desirable Montoya Circle community. Enjoy an easy walk to shopping, worship and restaurants. This cozy neighborhood has 40 units on one gorgeous tree-lined street. Upon entering you'll notice the luxurious marble floors leading you into the great room, where cathedral ceilings with a skylight, and a wall of sliding doors fill the room with sunlight. Kitchen was enlarged and updated with granite counters and SS appliances. 1 bed and a half bath downstairs. Upstairs is the large master suite with a private sitting area and…
If you are thinking of buying or selling a property in the Boca Raton area, you probably have some preconceived ideas about the process. Here are a few of the common misconceptions that we agents encounter:
Beautifully updated 3 bed 2.5 bath, two-story townhouse located in Thornhill Village in the desirable Montoya Circle community offers an easy walk to shopping, worship and restaurants. This cozy neighborhood has 40 units on one gorgeous tree-lined street. Upon entering you'll notice the luxurious marble floors leading you into the great room, where cathedral ceilings with a skylight, and a wall of sliding doors fill the room with sunlight. Kitchen was enlarged and updated with granite counters and SS appliances. 1 bed and a half bath downstairs. Upstairs is the large master suite with a private sitting area and…
Palm Beach County’s housing market reported rising median prices along with reduced listing inventory in May 2018 as compared to May 2017, according to the latest housing data released by Florida Realtors®.
Notable facts from the latest statistics include:
The Market for Single Family Homes and Condos/Townhomes is Different
The median price of closed sales in Palm Beach County for single-family homes continues to rise, with a 5.7% increase from the same period last year. The median price now stands at $354,000 for single-family homes. The median price has increased every month this year for single-family homes.
The median price for condos and townhomes did go down somewhat this month as compared to the previous year, as well as month to…
Selling a home is a difficult and emotional process and obviously you want to get the highest price possible. There are many factors that affect the price that you will ultimately get for your house. Some of these include: recent past sales in your neighborhood (what appraisers look at), what is currently on the market (your competition), interest rates, and general market conditions. Additionally, you must keep your house in mint “show ready” condition, and make it easy to be shown. Lastly, your Realtor® needs to be an expert negotiator adept in marketing your home for maximum exposure.
Setting an initial asking price is more art than science. Often, our sellers will want to price the property higher than what we recommend, so they will have…
The Golden Triangle represents the neighborhood adjacent to Mizner Park in downtown Boca Raton. Encompassing the subdivisions of Boca Villas, Kings Court, and Whisem, the Golden Triangle neighborhood has become one of the hottest and most desirable communities to live in.
The neighborhood was characterized by small homes built primarily in the 1950’s. Beginning in the early 2000’s, many of the original homes have been demolished to make way for larger, more modern homes. Most of the original homes are now being sold for lot value, as both end users and developers have discovered the potential of living in one of Boca’s best locations.
Located north of Palmetto Park Rd, East of Mizner Park, and West of the Intracoastal, residents enjoy the…