Royal Palm Beach, FL Bank Foreclosures Market Report [Video]

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

 

Bank Foreclosures for Sale in Royal Palm Beach, FL

The following is a market report on Bank Foreclosures in Royal Palm Beach, Florida brought to you by Mark Baker at www.BuyingPalmBeachHomes.com . In this Market report we will cover the current homes on the market, the current market prices and the statistics of the sales of the 90 day sold properties including financing terms. This Real Estate Market Report will give home buyers and sellers a good understanding of the foreclosure market in Royal Palm Beach, FL.

 

Current MLS Homes for Sale

  • 52 homes listed
  • 25 marked Pending
  • 4 marked Active Contingent
  • 23 home available for purchase

 Current Royal Palm Beach FL Bank Foreclosure MLS Listings

Market Activity on MLS Listings (10 Days)

Royal Palm Beach Foreclosures
Royal Palm Beach Foreclosures
  • 6 New Listings
  • 2 listings with a Price Change Reduction
  • 1 listing is Back on the Market

 

Market Prices of Listed Homes

  • Lowest available property is $215,000 for three bedrooms with two bathrooms and 1,672 square feet under air.
  • Highest priced property is $419,000 for six bedrooms with three bathrooms and 3,967 square feet under air.
  • Median home price is $265,000

 

Recently Sold Houses (90 Days)

  • 29 properties have sold
  • Average sales price was $250,000
  • Average sales price per square foot was $116
  • Range in average price per square foot $80 to $160
  • Average Days on Market 50 days

 

Financing Terms of the Sold Properties

  • 7 were Cash deals
  • 11 were Conventional deals
  • 11 were FHA/VA

 

Sales to List Price of Recently Sold Homes

This information has been provided to see the relationship of the actual sold price of a home to the asking list price.

  • Low end was 78%
  • Average was 97% (3% discount of the asking prices)
  • High end was at 111% of the asking price

 

Looking for Royal Palm Beach Real Agent?

If you are looking to buy or sell a home in Royal Palm Beach, FL please let me put my experience to work for you. I have extensive knowledge of the homes within this area and the surrounding areas. You can contact me at 561-336-6333 or visit me online 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 Royal Palm Beach
Tags:
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royal palm beach
bank foreclosures
florida

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Rainmaker
1,317,551
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

This is a nice report.  Welcome to Active Rain.

Mar 14, 2015 01:17 PM #1
Ambassador
3,983,177
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Hi Mark, I just wanted you to know I introduced you today in my Saturday Subscriber Finds series. I hope you can go check it out.

Have a good weekend.

Debbie

Mar 14, 2015 01:21 PM #2
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Welcome to ActiveRain  Debbie sent me over to help welcome you.

Mar 14, 2015 01:36 PM #3
Rainmaker
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David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Hi Mark, Debbie Reynolds said I had top come check you out and welcome you to the rain so I am doing as I am told.

Welcome and keep up the good work

Mar 14, 2015 03:39 PM #4
Rainmaker
3,304,494
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Mark, Debbie Reynolds sent me over and I am glad she did. Welcome to the Rain! Enjoy your day!

Mar 14, 2015 09:21 PM #5
Rainmaker
5,425,581
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Real estate investors love to search for the bargains in the inventory of lender owned foreclosures.

Mar 14, 2015 09:29 PM #6
Rainer
77,805
Mark Baker
United Realty Group Wellington - Wellington, FL
Serving Palm Beach County FL

Thank You Joan Whitebook,Debbie Reynolds,Tammy Lankford, David Shamansky, Wayne Martin, Roy Kelly for the warm welcome! Thanks for checking out my blog.

Mar 15, 2015 05:07 AM #7
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Rainer
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Mark Baker

Serving Palm Beach County FL
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