Home Prices in Boca Raton FL for March 2017
Real estate market data for Boca Raton, FL provided by Elyse Berman of Realty Associates Florida Properties.
Boca Raton Home Prices
If you are interested in how much inventory is currently on the market, you can click on this link. It will show. Low inventory suggests that homes are not sitting on the market for very long, That is the market we are in. Low inventory continues in Boca Raton with some homes getting multiple offers coming in.
I wouldn't expect home prices to run up quite as fast as they did back in 2006 as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But, low inventory and rising mortgage rates, which seems to be coming soon, is one indicator that prices will continue to rise despite having fallen in condos, villas and townhomes this month.
Boca Raton Real Estate Market Summary
In May 2017, the average list price for single family homes in Boca Raton FL was $ 716,754. The list price per square foot for single family homes in Boca Raton was $ 243. The average list price as well as average list price per square foot remained virtually unchanged this month over last.
In May 2017, the average sold price for single family homes in Boca Raton FL was $ 666,040 with an average price per square foot of $ 229. This month, the average sold price for single family homes increased slightly, as well as the sold price per square foot.
In May 2017, the average list price for condos, villas and townhouses in Boca Raton FL was $ 250,595 . This shows a decrease in price of closed sales from last month. The list price per square foot for condos, villas and townhouses in Boca Raton was $ 176, again, an increase from last month.
In May 2017, the average sold price for condos, villas and townhouses in Boca Raton was $ 276,885 with an average price per square foot of $ 169. This also shows a decrease in sold prices for condos, villas and townhouses, as well as price per square foot from last month.
Prices remained virtually unchanged on single family homes but showed a decrease on condos, villas and townhomes this month in Boca Raton.
You need to have someone in your corner, whether buying or selling property, in Boca Raton. I can help you find the home of your dreams with or without pets.
To be notified when new homes come on the market, call/text me 561-716-7824 or email Elyse@ElyseBerman.com. To find out what your house is worth, click on the box to the right.
For more information about pet-friendly housing in Boca Raton FL and Boca Raton Real Estate, please contact me. I am a Boca Raton Real Estate Agent and can be reached at (561) 716-7824, by text or by email at Elyse@ElyseBerman.com.
All information deemed accurate but not guaranteed or warranted.