Boca Raton Real Estate Market Conditions

The kids are back in school and fall is nearly here — but before we put the summer months behind us, it’s time to review the newly released market report for July. Along with lots of sunshine and plenty of heat, July brought some significant shifts for our local real estate market.

As always, our Boca Raton real estate experts are here to offer some insight on what the latest Florida Realtors® report means for buyers and sellers in our local area.

Single Family Homes in Palm Beach County

Just like in June, the biggest shifts year-over-year for Palm Beach County’s single family homes market were for median sale price and median days to contract. Though the median sale price rose by 6 percent year-over-year, there was a slight drop…

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Luckily for buyers and sellers in our local area, the dog days of summer haven’t slowed down the Boca Raton real estate market. The latest market report from Florida Realtors® is out, and though many statistics seemingly favor sellers, the numbers demonstrate a balance of power across Palm Beach County.

Single Family Homes in Palm Beach County

The biggest changes year-over-year in Palm Beach County’s single family homes market concerned the median sale price and median days to contract. The median sale price increased by 7.8 percent, now sitting at $345,000. This, coupled with the 4.7 month’s supply of inventory reported, suggests the area is trending towards sellers. However, in light of the 7 percent increase for days to contract, the competition…

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Summer is officially here, and just as the weather is heating up, so is the Boca Raton real estate market. Florida Realtors® has released its report for May 2017, and the statistics show that both buyers and sellers can thrive right now in our local area — with the guidance of a qualified agent, that is.

Whether you’re looking for a condo by the beach or a single family home, here’s what you need to know as we enter the summer season.

Single Family Homes in Palm Beach County

The single family home market in our local area brought some notable shifts in May. Closed sales were on the rise both year-over-year and month-over-month, much to the delight of sellers. The same can be said for the median sale price, which showed a 7.9 percent increase…

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As May draws to a close, let’s take a look back with the newly released Florida Realtors® market report for April 2017. The statistics point to some differences between single family homes versus townhouses and condos in the Palm Beach County real estate market. Despite this, both markets experienced notably slight year-over-year changes.

Single Family Homes in Palm Beach County

The market for single family homes remained relatively balanced with upticks in both closed sales and active listings. Closed sales rose a meager 0.8% from last year’s 1,586 to 1,598 in 2017. Similarly, active listings increased only 0.5% with a year-over-year change from 7,443 to 7,481. Fortunately for sellers, median sale price rose 6.5% from $307,125 to $327,000 and…

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Florida Realtors® has released its report on the Palm Beach real estate market for March 2017. Overall, our local markets continue to be balanced, though the numbers reported have certainly demonstrated notable shifts when compared year-over-year. 

Single Family Homes in Palm Beach County

The statistics reported for Palm Beach County’s single family homes in March suggest that the market is working to the advantage of sellers — at least for the time being. Though still predominantly balanced, the 10.3 percent spike in closed sales and 8.9 percent rise in the median sale price are great news for sellers. That said, the month’s supply of inventory continues to linger around a balanced figure, even more so than the year prior when it came in at 5.1.…

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Spring has officially arrived and the Florida Realtors® market report for February 2017 has come with it. The real estate market in Palm Beach County continued its healthy streak from January. Though changes were more subtle, both sales and inventories went up continuing our ongoing trend of a balanced South Florida market.

Single Family Homes in Palm Beach County

February saw a slight increase in sales of single-family homes with 1,160 completed transactions, 1.2 percent more than last year. A 6.8 percent hike in the median sale price to $315,000 was even better news for sellers of single-family homes. Buyers were favored by a modest 3.3 percent growth in active listings for a total of 7,839. The month’s supply of inventory (the number of months it…

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The first month of the new year has ended and the Florida Realtors® report for January 2017 is here. Palm Beach County’s numbers show a market recovering from the holiday season slump in December as sales rose significantly year-over-year. Inventories also grew, beginning the year with a more balanced market. 

Single Family Homes in Palm Beach County

With the holiday season over, sales of single-family homes improved in January — welcome news for sellers. The month saw 1,146 completed transactions, a 4.9 percent growth compared to 2016. Inventory statistics balanced the market, with the number of active listings increasing by 7.3 percent. Meanwhile, the median sale price rose 9 percent to $310,000, and the month's supply of inventory (the number of…

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The Florida Realtors® report for December 2016 is in, and Palm Beach County’s numbers are interesting. Keeping with trends demonstrated in past months, sales slowed down slightly as the year closed out — reflective of a market that may be shifting from one that favors sellers.  However, the other statistics brought good news for buyers and sellers alike. 

Single Family Homes in Palm Beach County

 The market for single-family homes was healthy in December, despite a slight drop in closed sales. Completed transactions fell by 4.9 percent, sitting at 1,413 at the end of the month. On the other hand, the month’s supply of inventory jumped 11.4 percent when compared year-over-year. More listings entered the market than in 2015 as well, with 6.6 percent…

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The Importance of Qualifying Buyers

The mark of a good agent is the ability to not only attract buyers, but attract the right kind of buyers. Qualifying buyers is an important part of the home selling process, and the ability to do so stems directly from experience. At Boca Expert Realty, every member of our team is both educated and practiced, which reaps plenty of benefits for our clients.

Here are just a few of the ways a Boca Raton real estate agent at Boca Expert Realty will determine whether a buyer is serious about purchasing your home.

Getting to Know the Buyer

Jumping at the chance to show a client’s home to any buyer is a surefire sign that an agent lacks experience. Before our sellers receive a call about a prospective buyer, we get to know that buyer: their…

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Palm Beach County’s residential real estate market seems to be balancing out, according to the Florida REALTORS® November 2016 market report. Unlike in October when sales rose but inventory continued to expand, the latest statistics point to a more leveled playing field for buyers and sellers. The report detailed a much needed growth in active inventory for the local residential real estate market, as well as increased sales.

Single Family Homes in Palm Beach County

Palm Beach County’s single family homes showed positive numbers across the board last month. Sales moved upward by 6.4 percent from 2015s stats, and the month’s supply of inventory grew from 4.6 the year before to 5.1. The full report brought good news for both buyers and sellers. In…

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