The Latest in Boca Raton Real EstatePosted by Gloria Singer on
The numbers are out for October 2017, and it seems that we are still feeling the effects of Hurricane Irma on our market. October closed sales of single family homes in Palm Beach County dropped 3.8 percent as compared to the same period last year, while condo sales dropped 8.5 percent. As discussed in How will Hurricane Irma Impact our Local Residential Real Estate Market, it generally takes several months for the pace of sales to return to normal after a major hurricane. We will need to take a close look at these numbers in the months moving forward to see whether these changes can correctly be attributed to Irma, or whether there are other market forces at play.
The drop in closed sales wasn’t the only notable shift in our market last month. Moving…
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