The Boca Raton Real Estate Market continues to be a strong Buyer's Market
Posted by Gloria Singer on
I have been spending some time examining the Boca Raton real estate market and the underlying statistics of what is happening in our area. I think it's important to discuss the market in terms of price bands, as we have a wide range of inventory and price ranges in our local market. As an example, I have analyzed the current situation for single family homes in Boca Raton, in various price ranges. Check out this chart below:
What is most interesting to me is that the number of months of inventory for homes priced between $750,000 and $999,999 is a whopping 92 months! Only two homes in this price range sold in February 2010 out of 193 listings! Not that it's so great for homes over a million, but they are actually faring better, with 45 months supply.…
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Karen Rothstein, one of our Buyer's Specialists, just sold this fabulous townhouse in Caravelle in The Club at Boca Pointe. The lucky Boca Raton Real Estate buyer purchased this 3 bedroom, 3 full bath with 2 car garage and over 2700 square feet of air conditioned living space for only $279,900! That's only $100 a square foot, I don't think you could build this property for that price! This transaction was NOT A SHORT SALE although it was on the market for almost two years and was originally listed at $469,000. Our buyer clients are getting great deals now on Boca Raton Real Estate! Call us now to buy something before the buyers tax credits expire at the end of April 2010!
