Boca Raton Real Estate Market Report - Palm Beach, Florida
Boca Raton, Florida - Palm Beach
| Market Commentary Provided by Carrie Trust If you can qualify, now is an exceptional time to buy a home in Boca Raton. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 561-573-7053 |
| Report Date | Fall 2009 |
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Carrie Trust
RE/MAX Direct Boynton Beach, Florida 561-573-7053 ctrust371@earthlink.net Agent Home Page  |
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| Nearest Metro Area | Boca Raton, FL | ||||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||||
| Average Time on Market | More than 120 days | ||||
| Market Trend | Increasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Inventory Comments | Many desirable properties available at very good prices | ||||
| Average Home Price | $300,000 - View Graph Trend | ||||
| Best Selling Price Range | $250,000 - $299,000 | ||||
| Worst Selling Price Range | $550,000 - $599,000 | ||||
| Compared to Last Year | Down 20-25% | ||||
| Prices As % of Asking Price | 85-90% | ||||
| Multiple Offers? | No | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in Boca Raton is | Increasing | ||||
| Seller Activity for the past 90 days in Boca Raton is | Increasing | ||||
| Is Financing Available For Qualified Buyers in Boca Raton? | Yes | ||||
| Existing Home Prices for the past 90 days are | Increasing | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||||
| Housing Hot Spots | Wellington, Delray Beach, Boynton Beach, West Palm Beach | ||||
| Reason to Buy/Sell | Population Growth | ||||
| Average Sold Price | $300,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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