Boynton Beach FL Real Estate Market Report for July 2018
Real estate market data for Boynton Beach, FL provided by Elyse Berman of Best Connections Realty, Inc.
Home prices in Boynton Beach, FL remained pretty much the same as the prior month.
Closed sale prices on single family homes in Boynton Beach FL remained stable this month, along with price per square foot this month.
Houses sold for close to asking price, while condos, villas and townhouses rose slightly, selling for pretty close to asking price, as well.
Single family houses closed for .96% of asking price while condos, villas and townhouses closed for 95% of asking price. We are still in low inventory, better known as thinventory.
Below is a snapshot for how the market did in March 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 FL 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 and rising mortgage rates are pretty good indicators that prices should continue to rise.
Boynton Beach Real Estate Report Summary
In July 2018 the average list price for single family homes in Boynton Beach FL was $ 373,381, which remained pretty much the same as last month. The list price per square foot was $ 177 was also pretty much the same as the prior month.
In July 2018, the average sold price for single family homes in Boynton Beach was $ 360,728 with an average sale price per square foot of $ 171. Average days on market was 73. Prices remained pretty close to last month on closed homes with a slight drop in price per square foot. Houses closed for an average of .96% of list price. In other words, houses are selling pretty close to asking price.
In July 2018, the average list price for condos, villas and townhouses in Boynton Beach FL was $ 196,273, up slightly from last month. The list price per square foot for condos, villas and townhouses in Boynton Beach was $ 139, down slightly from last month.
In July 2018 the average sold price for condos, villas and townhouses in Boynton Beach was $ 187,637 with an average price per square foot of $ 133. Average days on market was 69. Prices increased slightly over the prior month in closed sales and dipped slightly in price per square foot. Condos, villas and townhouses sold for an average of .95% of asking price this month.
Find Homes for Sale in Boynton Beach Florida
Visit my website to be notified when Boynton Beach homes for sale come on the market or to search for homes for sale in Boynton Beach - pet friendly or otherwise!
To find out what you home is worth in the current market email me or call/text 561-716-7824.
For more information about pet-friendly housing in Boca Raton FL and Boca Raton or Delray Beach Real Estate, please contact me.
I 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.
Boynton Beach FL Real Estate Market Report - January 2018
Map of Boynton Beach FL
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