Market stats for September 2017 show a marked increase in the price of closed sales for condos, villas and townhomes in Highland Beach FL. There were no single family homes closed in September in Highland Beach FL
Don't wait on the sidelines for too long. Many of our listings are selling quickly due to low inventory. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Highland Beach condo or home on which you are making an offer.
Low inventory suggests that condos are not sitting on the market for very long. This is the market we are in. Low inventory in Highland Beach often has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But mortgage rates are rising. Low inventory and higher mortgage rates are one indicator that prices should continue to rise.
Highland Beach Real Estate Report Summary
In September 2017, there were no single family homes closed in Highland Beach, FL.
In September 2017, there were 15 condos, villas and townhouses sold in Highland Beach FL. That is the same as the previous month.
In September 2017, the average list price for condos, villas and townhomes in Highland Beach FL was $ 1,271,600 - almost double that of last month. Average list price per square foot was $ 481, also an increase over the prior month. Average days on market was 107.
In September 2017, the average sold price for condos, villas and townhomes in Highland Beach FL was $ 1,182,500, a marked increase over last month. Average sold price per square foot was $ 452.Average days on market was 107.