Boca Raton Real Estate Market Conditions - A Tale of Different Markets
Posted by Gloria Singer on
The Florida Association of Realtors has released the sales figures for August 2017. It will be interesting to take a look back next month, once the September figures are in. I expect that the number of closed sales will have decreased as a result of Hurricane Irma, and it may take a few months to recover to “normal” levels.
When people ask how the market is in Boca, the answer is a little complicated. There are really several different tales depending upon the price point. When people think about Boca real estate, they tend to focus on the multi-million dollar properties, but the reality is the majority of our sales are priced much lower.
For instance, in August 2017, only 5% of closed sales with a Boca mailing address were properties over the…
1556 Views, 0 Comments
Have you ever walked into a candy store and not instantly felt better? From all the different colors to the nostalgic feeling you’ll get when seeing all those sugary treats you used to eat as a kid, candy stores simply have a fun atmosphere by default, which is why so many of us love to stop by and pay any of the local candy shops here in Palm Beach County a visit every now and then. And if you're going through the stressful process of buying or selling a home in the area, there's nothing wrong with treating yourself to something with a little extra sugar and a whole lot of extra calories, which in some instances, we highly recommend ;) 
Not surprisingly, waterfront homes and condos in Boca Raton are among the most sought-after properties you’ll find on the local real estate market, and often times the most expensive as well. As a Palm Beach County town that’s perhaps most celebrated for its amazingly stunning coastline, the good news for home buyers actively searching waterfront homes for sale in Boca Raton is that there’s usually plenty of options and opportunities to find that perfect beachfront or Intracoastal property, as long as you’re willing to pay the premium to secure it.
There’s plenty to do in Downtown Boca Raton, and not everyone who is looking for a new home or condo has to be situated on the beach believe it or not. From great shopping and dining options to plenty of local entertainment and seasonal festivals for residents to enjoy, there's a lot to love about calling downtown Boca Raton home, starting with the following reasons:
When it comes to buying a new home there are several things to consider, including how well you’re protected in the case that something goes wrong down the line. The damage left in the wake of Hurricane Irma is just one more reminder of what new homebuyers need to research when buying new construction in Florida.
Let's face it, after a long and eventful Labor Day Weekend here in Boca Raton, which we hope you’re enjoying, chances are you’re going to need a strong cup of coffee to get you back in the swing of things come Tuesday morning. And lucky for you, we have quite the selection of top-notch coffee houses scattered all throughout the Boca area.
Boca Raton is loaded with some of the most luxurious and most expensive real estate you’ll find anywhere in the country, and if you don’t believe us, consider this: at the time of this post, 17 homes were currently listed with an asking price over $10 million.
It’s been a pretty good year for the Palm Beach County real estate market overall, especially for anyone in the market for a higher-end home or condo. Earlier we pointed out the challenges facing young or first-time home buyers hoping to buy new construction right now in Palm Beach County, but if you take a closer look at luxury new construction properties currently listed, especially in Delray Beach, there’s certainly plenty of options and opportunities just waiting to be had.
As you may have perviously heard or read about in a recent article from the Sun-Sentinel, new construction single-family homes under $300,000 in both Palm Beach and Broward counties are becoming increasingly difficult to find on today’s housing market, which to active buyers already browsing what’s available, is hardly news at this point.