Home Prices in Boca Raton FL for September 2017
Real estate market data for Boca Raton, FL provided by Elyse Berman of Realty Associates Florida Properties.
Boca Raton Home Prices
If you are interested in how much inventory is currently on the market in Boca Raton FL, you can click on this link.
Low inventory suggests that homes are not sitting on the market for very long. That is the market we are in. Low inventory continues in Boca Raton with some houses getting multiple offers coming in.
I wouldn't expect home prices to run up quite as fast as they did back in 2006 as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But, low inventory and rising mortgage rates, which seem to be coming, is one indicator that prices will continue to rise.
We saw a mixed bag in Boca Raton FL in September. Closed sales of single family homes remained virtually unchanged while condos, villas and townhomes showed an increase in the price of closed sales over the prior month.
Boca Raton Real Estate Market Summary
In September 2017, the average list price for single family homes in Boca Raton FL was $ 585,829. The list price per square foot for single family homes in Boca Raton was $ 229. The average list price as well as average list price per square foot remained virtually the same this month as last.
In September 2017, the average sold price for single family homes in Boca Raton was $ 539,604 with an average price per square foot of $ 215. The average sold price, as well as average sold price per square foot, decreased slightly this month over last Average days on market was 86.
In September 2017, the average list price for condos, villas and townhouses in Boca Raton FL was $ 306,686. The list price per square foot for condos, villas and townhouses in Boca Raton was $ 18. Average list price increased as well as price per square foot increased this month over last.
In September 2017, the average sold price for condos, villas and townhouses in Boca Raton was $ 287,003, showing an increase over last moth. Average price per square foot was $ 177, also up from last month. Average days on market was 101.
Prices decreased across the board in August on both single family homes as well as on condos, villas and townhomes in Boca Raton.
You need to have someone in your corner, whether buying or selling a home in Boca Raton FL. I can help you find the home of your dreams with or without pets.
To be notified when new homes come on the market, call/text me 561-716-7824 or email Elyse@ElyseBerman.com.
To find out what your house is worth, click on the box to the right.