Real Estate Market Data provided by Elyse Berman of Realty Associates Florida Properties.
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 March 2017, there were no single family homes closed in Highland Beach, Florida.
In March 2017, there were 17 condos, villas and townhouses sold.
In March 2017, the average list price for condos, villas and townhomes in Highland Beach FL was $ 726,282, a significant increase over the prior month. Average list price per square foot for condos, villas and townhomes was $ 437.
In March 2017, the average sold price for condos, villas and townhouses in Highland Beach was $ 689,394. Again, this shows a significant increase over last month. Average price per square foot for closed sales was $ 414.
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All information deemed accurate but not guaranteed or warranted.