I have been spending some time examining the Boca Raton real estate market and the underlying statistics of what is happening in our area. I think it's important to discuss the market in terms of price bands, as we have a wide range of inventory and price ranges in our local market. As an example, I have analyzed the current situation for single family homes in Boca Raton, in various price ranges. Check out this chart below:

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What is most interesting to me is that the number of months of inventory for homes priced between $750,000 and $999,999 is a whopping 92 months! Only two homes in this price range sold in February 2010 out of 193 listings! Not that it's so great for homes over a million, but they are actually faring better, with 45 months supply.…

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 Check out this baby just sold by Karen Rothstein!!

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I am pleased to announce that Karen Rothstein, one of my buyer's specialists, has successfully closed on a short sale for her investor buyer.

The property is a single family five bedroom, three bath pool home in Tropic Palms in Delray Beach. It is a waterfront property with a beautiful view and dock with access to Lake Ida and Lake Eden.

The house closed for $279,000 in a short sale where the lender accepted a lower price in lieu of having to foreclose on the property. This house sold to the previous owner for $735,000 in December of 2005! It is a great property and our buyer was able to pick this house up for a great price!

I am proud to say that Karen Rothstein is a great Buyer's Agent, she…

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