Home Prices in Highland Beach for October 2017

By
Real Estate Agent with Best Connections Realty, Inc. 3087750

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Home Prices for Highland Beach FL for October 2017

Real Estate Market Data provided by Elyse Berman of Realty Associates Florida Properties.

 

 

 

dog friendly condos for sale in highland beach fl
 
 
 
Market stats for October 2017 show a marked decrease across the board in the number of homes sold,  price of closed sales for condos, villas and townhomes in Highland Beach FL.  There were no single family homes closed in October in Highland Beach FL .  I believe this has a lot to do with Hurricane Irma, which hit south Florida in mid-September.  Florida was closed for a while, some areas longer than others.  The good news is - we are back up and running!
 
If you are considering buying a home you can still find deals on a condo or house in Highland Beach, but having  a good real estate agent who understands the market and will work with you is a must. A good real estate agent who understands the market is a must.   I have seen some really good deals lately!
 


Don't wait on the sidelines for too long.  Many of our listings are selling quickly due to low inventory. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Highland Beach condo or home on which you are making an offer.  
 
It can be even more difficult if you are looking for pet friendly condos in Highland Beach, Florida.  That is challenging, to say the least!
 
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.  

  

pet friendly condos for sale in highland beach florida

Highland Beach Real Estate Report Summary

 

In October 2017, there were no single family homes closed in Highland Beach, FL.

 

In October 2017, there were 4 condos, villas and townhouses sold in Highland Beach FL.  This is the lowest number I've seen since I've been doing these reports.  

 

In October 2017, the average list price for condos, villas and townhomes in Highland Beach FL was $ 611,250 - almost half that of last month.  Average list price per square foot was $ 391, also a decrease from the prior month.  Average days on market was 97.

 

In October 2017, the average sold price for condos, villas and townhomes in Highland Beach FL was $ 571,875, a marked decrease over last month.  Average sold price per square foot was $ 464. Average days on market was 107.

 

If you are interested in current inventory or condos for sale in Highland Beach FL, click on that link. 

If you are interested in homes for sale in Highland Beach FL, click here.

 

 

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For more information about pet-friendly condos for sale in Highland Beach FL or Boca Raton FL, please contact me.  I am a Boca Raton Real Estate Agent.  I can be reached at (561) 716-7824 cell/text or email at Elyse@ElyseBerman.com

 

Posted by

Elyse BermanFor information about pet-friendly housing in Boca Raton, Delray Beach, Highland Beach, Boynton Beach or Boca Raton real estate market, please contact me. I am a Boca Raton Real Estate Agent.

Contact Elyse:
By Email: Elyse@ElyseBerman.com
By Text - 561-716-7824
Cell - 561-716-7824

Elyse Berman, PA, CRS, ABR, GRI, e-PRO of Best Connections Realty, Inc. serving Boca Raton FL and the surrounding cities of Highland Beach, Delray Beach, Boynton Beach, Lake Worth, Wellington, Deerfield Beach, Hillsboro Beach, Lighthouse Point, Fort Lauderdale, Hollywood Beach and Hallandale Beach.

 

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Disclaimer:  The information contained in this blog should not be solely relied upon and should be independently verified by professional sources.  The opinions expressed herein are solely mine. 

All information is deemed accurate but not guaranteed. All statistical information was obtained from BMLS.   Many articles may be time and date sensitive.  Please be sure to look at the date the article was posted. 

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Comments (6)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good evening Elyse Berman, PA, CRS ,

Thank you for your October 2017 real estate report on Highland Beach FL. Glad to hear you are back up and running after Hurrican Irma!

Nov 06, 2017 05:09 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Elyse- Highland Beach is one of my favorite areas, and you've provided an excellent report. 

Nov 06, 2017 05:23 PM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Elyse Berman, PA, CRS great market information for the Highland Beach community.

Nov 06, 2017 07:09 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Elyse Berman, PA, CRS - clients will be pleased to know that they can count on you to provide accurate information on the Highland Beach market so they can make the right real estate decisions 

Nov 06, 2017 08:20 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Elyse I Love your charts it gives such a great visual, too many of us do not want to read through all the verbal description, when we can look at a chart and see the instant message, Endre

Nov 06, 2017 11:13 PM
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Elyse

It is interesting that it is taking a while after the hurricane to get back to normal. It will be the same here given the fires although the RE market hardly missed a beat. Everything else has especially the tourist industry which was down as much as 90% afterwards. cheers cvc

Nov 07, 2017 07:34 AM