Boca Expert Realty Real Estate Blog - Boca Raton Real Estate Market Conditions

Boca Raton Real Estate Market Conditions ~ October 2008 ~ East Boca

Below are the statistics behind the October 2008 Boca Raton real estate market.  This shows the activity within the single family homes and condos/townhomes in the East Boca Raton area - which includes all homes between Military Trail and the Atlantic Ocean.

When comparing these numbers to September 2008, the number of sold listings significantly increased this month, plus, the average number of days the single family homes were on the market had a better month too, going from 261 to 150. 

One of these homes that sold last month was the below executive waterfront property in Boca Marina.  This four bedroom, five bathroom pool home included over 4,000 square feet of living space, and over 150 foot of water frontage.  This home sold for $1,712,500.

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Boca Raton Real Estate Market Conditions ~ September 2008 ~ Central & West Boca

The month of September 2008, brought a good number of sales and another month of substantial new listings throughtout the Central and West Boca Raton real estate area.  The number of days the condo/townhome properties took to sell were significantly more than single family homes, which were (on average) more than 40 days less than last months numbers. 

Below you will see a chart which outlines the activity within the Central and West Boca area of Boca Raton real estate - these are all homes located West of Military Trail.     

I will be providing this information on a monthly basis, so please save this as a bookmarked site so that you will be able to visit often and watch the market trends as they happen. 

If you are in the market for purchasing…

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Boca Raton Real Estate Market Conditions ~ September 2008 ~ East Boca

Below are the statistics behind the September 2008 Boca Raton real estate market.  This shows the activity within the single family homes and condos/townhomes in the East Boca Raton area - which includes all homes between Military Trail and the Atlantic Ocean.

When comparing these numbers to August 2008, the number of both new listings and sold listings dropped slightly this month, however, where the average sold price and number of days the condos/townhomes were on the market had a turn for the better.  The average sold price of the 44 condos/townhomes in Boca Raton, FL, was $408,347, versus $334,397 last month and the average number of days each of these condos/townhomes were on the market as active dropped from 242 to 200.

If you have any…

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Boca Raton Real Estate Market Conditions ~ August 2008 ~ Central & West Boca

The month of August 2008, brought a notable number of sales and a substantial number of listings throughtout the Central and West Boca Raton real estate area.  The number of days the properties took to sell were significantly less than those on the East side of Boca.  Similarly, the projected number of months those still active will take to sell is also considerably less than those on the East side of Boca, but also are priced less and are without the waterfront and other highly desireable locations.

Below you will see a chart which outlines the activity within the Central and West Boca area of Boca Raton real estate - these are all homes located West of Military Trail.  I will be providing this information on a monthly basis, so please save this as a…

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Boca Raton Real Estate Market Conditions ~ August 2008 ~ East Boca

Here are the numbers behind the August 2008 Boca Raton real estate market.  This shows the activity within the single family homes and condos/townhomes in the East Boca Raton area - which includes all homes between Military Trail and the Atlantic Ocean.

As you can see from this chart, both home types are selling at a steady rate, being indicative of the market conditions we have been seeing for the past several months.  Properties that are priced well, just as in any hot or cold market, will sell quicker than those over-priced. 

Twelve of the homes sold during the month of August were listed over $1,000,000 - six of them condos and six single family homes.  One of these homes, located at 760 Havana Drive, within the exclusive Carribean Keys, a …

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JUNE 2008 Sales Statistics show slight increase

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Is the Housing Crisis Over?

YES.... according to an article on the opinion pages of the Wall Street Journal on May 6, 2008.

The reality is that the market usually shakes out and stabilizes. I am not an economist, but it is clear to me that the reduction in values has some positives. One of the major problems with the Boca Raton real estate market in the past few years is that many people could not afford to buy a home. Local governments worked to create "workforce housing" plans which would enable policemen, teachers, etc to afford homes. This is no longer the case, and with the market declines it is now possible for salaried workers to afford to buy homes in the Boca Raton and Palm Beach County area.

According to the article, the market will improve because "normal people…

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Boca Raton Real Estate Market Statistics Q1 2008

The Boca Raton real estate market is still characterized by large numbers of inventory and relatively few transactions. In all of March 2008, there were 209 closed sales of real estate with a Boca Raton address. All told, at the end of the month there were 5691 units listed for sale, so this reflects a 27 month supply of homes for sale if they sell at the current rate. I will post these statistics monthly so that we can track the trends and try to predict where home prices are heading.
For more information, please call me at 561.866.7584!

CLICK HERE for the market summary!

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