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.
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 .