Home Prices in Boynton Beach Florida for November 2017
Real estate market data for Boynton Beach, FL provided by Elyse Berman of Best Connections Realty, Inc.
Home prices in Boynton Beach, FL didn't do much in October.
Prices of closed sales on single family homes in Boynton Beach
showed a decrease along with price per square foot. Houses sold for close to asking price, while condos, villas and townhomes remained virtually the same as last month with closing prices of .96% of asking price.
Below is a snapshot for how the market did in October in Boynton Beach FL.
Many of our listings are selling within a few days of hitting the market. 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 Boynton Beach home on which you are making an offer. Don't wait on the sidelines for too long. Rising interest rates and low inventory indicate you should be looking now.
If you are considering buying a home you can still find deals on a house in Boynton Beach, but having a good real estate agent who understands the market is a must.
If you are interested in how much current inventory is on the market in Boynton Beach you can find that information by clicking on the link.
Low inventory suggests that homes are not sitting on the market for very long. That is the market we are in. Houses priced right sell within days of listing. Low inventory in Boynton Beach 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 low inventory is one indicator that prices should continue to rise.
Boynton Beach Real Estate Report Summary
In November 2017 the average list price for single family homes in Boynton Beach FL was $ 335,316, showing a decline from last month. The list price per square foot was $ 168, also down from the prior month.
In November 2017, the average sold price for single family homes in Boynton Beach was $ 323,722 with an average sale price per square foot of $ 163. Average days on market was 56. Prices fell on closed homes this month, as well as price per square foot, with homes closing for an average of .97% of list price. In other words, houses are selling for pretty close to asking price.
In November 2017, the average list price for condos, villas and townhouses in Boynton Beach FL was $ 190,246. The list price per square foot for condos, villas and townhouses in Boynton Beach was $ 137. List prices for condos, villas and townhouses remained the same while price per square foot showed a slight increase this month over the prior month.
In November 2017 the aveage sold price for condos, villas and townhouses in Boynton Beach was $ 182,416 with an average price per square foot of $ 131. Average days on market was 86. Prices remained virtually the same as last month in both closed sales and price per square foot. Condos, villas and townhouses sold for an average of .96% of asking price.
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