This article is a market report for Canyon Isles in Boynton Beach, Florida brought to you by Mark Baker at BuyingPalmBeachHomes.com. In this article we will cover the current market and type of listings, current market prices within the community and then the metrics for the 90 day sold properties including the property types and financing terms. This article will give you a good understanding of the housing market in Canyon Isles in Boynton Beach especially if you are looking to buy in the next few months.
First we will take a look at the current homes for sale on the market. There are twenty-two properties currently on the market where two of the properties are under contract marked contingent and seven properties are under contract market pending. Now what is the difference between contingent and pending? The difference is this, when a property is contingent it means there are still contingencies left in the contract to be fulfilled; common types of contingencies are inspections and appraisals. Once those contingencies have been fulfilled the property should be changed to pending.
So that leaves 13 properties that are currently available to be purchased. Nine of the properties are traditional sales, one property is a short sale and three are REO or corporate owned properties. In regards to the range of prices the lowest available property is $384,900 for four bedrooms with two bathrooms and 2,432 square feet under air. The highest property is $625,000 for a five bedroom, 4 baths with almost 3,600 square feet under air. The median home price is almost $480,000 in Canyon Isles in Boynton Beach, Florida.
Next we will look at the sold properties, in the last three months five properties have sold. The average sales price was $475,800 and the average sales price per square foot was $137 with the range in process from $113 to $170. This is quite a wide range in prices where the higher end of the price range will be the traditional sales, and on the lower end will be the short sales and the bank foreclosures. Foreclosures and short sales are typically less because of the deferred maintenance that has been factored into the sale price. Traditional sales typically include the upkeep and obviously they can come in their premium on the market. So depending on where you fall in that price range will also help you understand the property you are going after.
The average days on market for the homes was 106 days, the bank foreclosures tended to be less than the average and traditional sales normally took longer for the right buyer to come along. In regards to the types of sales, there were two traditional sales, one short sale and two REOs. Two were financed with FHA/VA, two were conventional financing and one was a cash transaction.
If you are looking to buy or sell a home in Canyon Isles let me put my experience to work for you. I have extensive knowledge of the homes within Canyon Isles and the surrounding areas, in addition to being an experienced agent in the local area I also partner up with other agents that bring that experience and expertise to the table. Thanks for reading this Canyon Isles Homes for Sale Report in Boynton Beach, Florida. You can contact me at 561-768-7968or visit me online at www.BuyingPalmBeachHomes.com
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