Homes for Sale La Mancha Report

The following is a market report for the residential development of La Mancha located in Royal Palm Beach, 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 La Mancha in Royal Palm Beach.

Current MLS Homes for Sale

There are currently thirty three homes available for sale in La Mancha. There are seven homes marked as pending, four marked Active Contingent which leaves twenty two homes remaining as active properties available for purchase. Over the past ten days there were two new listings, one back on the market and two with a price reduction.

There are fifteen properties listed as a traditional sale and two short sales. The price of the lowest available property is $175,000 for three bedrooms with two bathrooms and 1,629 square feet under air. The highest priced property is $310,000 for a four bedroom, two bathrooms and 2,500 square feet under air. The median home price is $240,000 in La Mancha of Royal Palm Beach, Florida.

La Mancha MLS Listings Reports with Photos

Recently Sold Houses

Next we will analyze the twenty one properties that have sold in La Mancha. The average sales price was $232,000 and the average sales price per square foot was $128 with the range in process from $96 to $163.

The average number of days that it took for the properties to sell was 36 days. In regards to the types of sales in the past three months ten homes were traditional, two were short sales and eight were REOs. In as far as the financing terms of the sold properties there were three conventional financing, four cash deals, eleven were FHA/VA and two were assumable mortgages.

Sales to List Price of Recently Sold Homes

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 69% sale of asking price, the average was 96% of the asking price meaning that most properties are settling at a 4% discount of the asking prices. At the high of the spectrum was a sale at 105% of the asking price letting us know that some of the homes are selling for more than full asking price.

Looking for Realtor?

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