Homes for Sale Smith Farm Report

The following is a market report for the residential development of Smith Farms located in Lake Worth, Florida brought to you by Mark Baker at www.BuyingPalmBeachHomes.com . In this article we will cover the current market, the types of homes available, the current market prices within the community and the statistics of the sales of the 90 day sold properties including the property types and financing terms. This article will give buyers a good understanding of the housing market in the development of Smith Farms in Lake Worth.

Current MLS Houses for Sale

There are currently twenty-nine homes available for sale in Smith Farms. There are six listings marked as pending, one properties marked as contingent, four offers that are accepting backup offers which leaves eighteen homes as active properties available for purchase. Over the past ten days there have been three new listings and one home with a price reduction.

Full MLS Listings Reports with Photos

Recently Sold Real Estate Property

There are fourteen properties listed as traditional sales, one short sale and three homes are listed as an REO. The range of prices of the lowest available property is $250,000 for three bedrooms with two bathrooms and 1,793 square feet under air. The highest priced property is $490,000 for a four bedroom, three bathrooms and 3,303 square feet under air. The median home price is $320,000 in Smith Farms in Lake Worth, Florida.

Next we will analyze the properties that have sold in Smith Farms, in the last three months fifteen homes have sold. The average sales price was $301,000 and the average sales price per square foot was $125 with the range in process from $97 to $157.

The average number of days that it took for the properties to sell was 67 days. In regards to the types of sales in the past three months, ten sales were traditional sales, one was a short sale and four were REO. In as far as the financing terms of the sold properties there were four conventional financed, six cash deals, two homes were FHA/VA financed, one was seller financed and two were assumable mortgages.

Sales to List Price of Recently Sold Houses

Let us look at the Sales to List price; this information has been provided to see the relationship of the actual sold price of a home to the asking list price. On the low end of the spectrum there was a 76% sale of asking price, the average was 95% of the asking price meaning that most properties are settling at a 5% discount of the asking prices. At the high of the spectrum was a sale at 103% of the asking price letting us know that there are some homes getting full asking price.

Looking for Listing Agent?

If you are looking to buy or sell a home in Smith Farms please let me put my experience to work for you. I have extensive knowledge of the homes within Smith Farms and the surrounding areas. Thank you for reading this market report for Smith Farms in Lake Worth, Florida. You can contact me at 561-336-6333 or visit me online at www.BuyingPalmBeachHomes.com