Boca Raton Real Estate

 According to the latest housing data released by Florida Realtors®, Palm Beach County’s housing market reported rising median prices and more closed sales. Additionally, the listing inventory experienced a slight reduction in March 2018 as compared to March 2017. 

Here’s what buyers and sellers of Boca Raton real estate need to know.

March Stats

Median Price Continues to Climb

The median price of closed sales continues to climb, with a 7.1% increase from the same period last year for single-family homes, and 9.3% for townhouses and condos. The median price also climbed month over month. The median sale price in March 2018 was $348,000 vs. $345,000 in February 2018 for single-family homes, and $177,000 vs. $170,000 for townhouses and condos. 

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Palm Beach County’s housing market reported rising median prices and more closed sales, along with slightly reduced listing inventory in February 2018 as compared to February 2017, according to the latest housing data released by Florida Realtors®. 

Here’s what buyers and sellers of Boca Raton real estate need to know.

Median Price Continues to Climb

The median price of closed sales jumped significantly over the same period last year. The median price is the midpoint, meaning half the homes sold for more, half for less. Months supply of inventory (how long it would take to sell all of the current homes listed for sale) is still hovering around 6 percent, which indicates a balanced market favoring neither buyers or sellers. 

Closed Sales…

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Now that real estate prices have just about returned to market highs, many people are considering selling a home in Florida. Theprocess of selling your home involves many challenges, which are both time consuming and emotionally draining. These challenges make it easy to make costly mistakes. However, these common pitfalls can be avoided with guidance from an experienced real estate professional. If you want to get the most money out of your home in a reasonable amount of time, follow my advice.

Mistake #1: Pricing Incorrectly 

Setting a strategic asking price for your property right out of the gate is the key to a successful sale. Homes that are overpriced will not attract attention, and thus will receive fewer showings. Ultimately, these…

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Palm Beach County’s housing market reported rising median prices and reduced listing inventory in January 2018 as compared to January 2017, according to the latest housing data released by Florida Realtors®. 

Here’s what buyers and sellers of Boca Raton real estate need to know. 

Median Price Ticks Upward 

January marked 73 consecutive months that the median sales prices for both single-family homes and townhouse-condos rose year-over-year. The median price is the midpoint, meaning half the homes sold for more, half for less. Months supply of inventory is only 5 months for single-family homes and 6 months for condo and townhouses.

Shrinking Inventory Putting Pressure on Buyers

In many sub-markets, particularly those below the $500,000 price…

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Numbers are in for 2017 real estate sales, and we continue to see some challenges for buyers, especially first-time and entry level buyers. Constrained inventories in the lower price ranges are often producing multiple offers, and buyers with finance contingencies are losing out to cash buyers in many cases. In fact, 46% of closed sales in the Boca Raton real estate market had no financing at all.

A Look at the Numbers

2017 Market Update 

All in all, activity in Boca Raton was within a normal range when comparing 2017 to 2016, as well as for Palm Beach County as a whole. The significant changes were in the average and median sales prices, which increased more than 6% countywide. Otherwise, slightly fewer listings came to market in 2017, with a corresponding…

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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…

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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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19645 Estuary front

My listing at 19645 Estuary Drive in Saturnia in Boca Raton just sold for $689,000. The asking price was $699,000 and we sold for close to 99% of the asking price. 

My sellers bought this house in 2006. Now that they are empty-nesters, they decided to sell and move on to a different community.

Located in West Boca's desirable neighborhood of Saturnia, this two story home features 5 bedrooms and 4 and a half baths. Outside you find a covered patio overlooking a custom heated pool and spa with rock waterfall, meticulous landscaping, and an expansive estuary with fountain. 

The gated community of Saturnia offers resort style living without the fees associated with a country club. The amenities include a community pool, tennis, clubhouse, and…

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A community with a prime central Boca Raton location, bountiful greenery, unmatched amenities, and an ideal balance between being close-knit and offering privacy? If it sounds like we just described your dream community, you’re in luck. All of the aforementioned attributes depict life in Millpond, and with the help of a Boca Raton real estate agent, you can experience this one-of-a-kind lifestyle.

A Serene Escape in the City

A quiet life in the city may sound like an oxymoron, but it’s exactly what this fabulous Boca Raton community offers. Its desirable location just off of St Andrews Avenue between Glades Road and Yamato Road, means residents are never far from restaurants, shops, entertainment, major highways, and even A-rated schools.…

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House Hunting Back To school

If you’ve visited your local supermarket in recent weeks, you’ve probably noticed the tell-tale signs that school is about to begin: colorful notebooks lining the shelves, shopping lists placed out front, and parents and kids racing through the aisles to get every item. While this marks a busy and exciting time for most individuals with school-aged children, it may raise some concerns for those parents who are also knee-deep in house hunting.

If summer got away from you before you located the ideal home, our Boca Raton real estate agents have three helpful tips for house hunting during the back-to-school season. 

1. Research the School Zones

When making a move with school-aged children in tow, their educational needs often becomes the most…

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