Home Prices in Highland Beach FL for November 2017

 

Real Estate Market Data provided by Elyse Berman of Best Connections Realty, Inc.

  

 

 

 

 

Market stats for November 2017 show an increase across the board in the number of homes sold,  price of closed sales for condos, villas and townhomes in Highland Beach FL.  There were no single family homes closed in November in Highland Beach FL .  I believe this has a lot to do with Hurricane Irma, which hit south Florida in mid-September.  Florida was closed for a while, some areas longer than others.  The good news is - we are back up and running and I've seen some really good deals lately!

If you are considering buying a home you can still find deals on a condo or house in Highland Beach, but having  a good real estate agent who understands the market and will work with you is a must. A good real estate agent who understands the market is a must.   

 

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 November 2017, there were no single family homes closed in Highland Beach, FL.

 

In November 2017, there were 10 condos, villas and townhouses sold in Highland Beach FL.  That's more than double last month.  

 

In November 2017, the average list price for condos, villas and townhomes in Highland Beach FL was $ 687,260 showing an increase over last month.  Average list price per square foot was $ 410, also indicating an increase from last month.  Average days on market was 125.

 

In November 2017, the average sold price for condos, villas and townhomes in Highland Beach FL was $ 612,000 showing an increase over last month.  Average sold price per square foot was $ 368, a signifcant decrease over last month. Average days on market was 125.

 

If you are interested in current inventory or pet-friendly condos for sale in Highland Beach FL, click on that link. If you are interested in homes for sale in Highland Beach FL, click here.

 

 SEARCH PET FRIENDLY CONDOS FOR SALE IN HIGHLAND BEACH FL

For more information about pet-friendly condos for sale in Highland Beach FL or Boca Raton FL, please contact me.  I am a Boca Raton Real Estate Agent.  I can be reached at (561) 716-7824 cell/text or email at Elyse@ElyseBerman.com