Bellaggio Lake Worth FL Homes for Sale Market Report

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Real Estate Agent with United Realty Group Wellington SL# 3190644
https://activerain.com/droplet/4srT

 

 

Housing Market Video Report

This is a market report for Bellaggio Lake Worth, Florida, offered by Realtor Agent Mark Baker and www.BuyingPalmBeachHomes.com . This detailed article touches on the current real estate market along with the kinds of homes that are offered inside the active adult community of Bellaggio Lake Worth, FL.  Also discussed are the current market prices and also the metrics relating to the 90 day sold properties together with property type and financing terms.

Current Property Listings on the Market

Currently there are twenty-four real estate properties in the community. Of those homes, six homes are listed as contingent and three houses are pending. No properties are currently accepting back up offers.  Current market activity when it comes to the fifteen  MLS listings, none are new listings and one house has had a price reduction in the last ten days. That leaves fifteen homes available to be purchased.

Price Ranges of Current Property Listings

Of the fifteen properties for sale, all of them are traditional sales.   No short sales or bank foreclosures are on the market. The lowest asking price is $289,000 for a three bedroom, two bath single family home with 1,689 sq. ft. under air. The highest selling price is $549,000 for a three bedrooms, two bath house with 2,896 sq. ft. under air. The median price of the homes for sales in Bellaggio is $369,000.

 

Recently Sold Properties in the Communityfront entrance

In the last ninety days, six homes have sold in the 55 plus gated community. The average sold price was $348,000 with an average sales price per square foot was $172 which has a range of $157 to $194. The typical days the homes have been on the market were forty-eight days.

In looking at the six sold properties, six were traditional sales while there was no foreclosed homes or REO's. There were no short sales that closed within the time period.  The financing terms of closed deals were one cash transactions, five closed with conventional financing (10% or more down) and none closed as assumable within the last three months.

 

Sales to List Price

This is the percentage of the list price paid by the buyers in this community.  On the low end, the sales to list price was .93 or 93% of the list price.  The average price paid for a home in this communty was .97 or 97% of the list price.  Another way to look at this ratio is the buyers purchased the homes at a 3% discount to list price.  On the high end of the range the buyers paid 1.00 or 100% or full list price for the most sought after property in the community.

Looking to Buy or Sell Your Home?

If you are looking to buy or list your home, let me put my experience in Bellaggio to work for you. I have extensive knowledge of  the properties on the market in this particular community and the surrounding area. I appreciate you for reading and viewing  my real estate market report for Bellaggio in Lake Worth, Florida. You can contact me at 561-768-7968 alternatively you can visit me on the internet at www.BuyingPalmBeachHomes.com .

 

Posted by


Mark R. Baker, PA

United Realty Group Wellington 

1035 State Road 7

Suite 121

Wellington, FL 33414

(561) 336-6333

www.BuyingPalmBeachHomes.com

 

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Topic:
Real Estate Market Trends
Location:
Florida Palm Beach County Lake Worth
Tags:
realtor
houses
property for sale
real estate
active adult
homes
bellaggio
55 plus
lake worth florida
luxury gated community

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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

mark,  This is an excellent market update for the Bellagio community.  You have covered all the bases.

Dec 18, 2014 05:01 AM #1
Rainer
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Mark Baker
United Realty Group Wellington - Wellington, FL
Serving Palm Beach County FL

Thanks for your comment Belinda Spillman.

 

 

Dec 18, 2014 06:33 AM #2
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Rainer
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Mark Baker

Serving Palm Beach County FL
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