Boynton Beach FL Real Estate Market Report for March 2018
Real estate market data for Boynton Beach, FL provided by Elyse Berman of Best Connections Realty, Inc.
Home prices in Boynton Beach, FL again showed a mixed bag.
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 showed a significant increase from the prior month closing for 1.34% above asking price. Wow!
Single family houses closed for .96% of asking price while condos, villas and townhouses closed for 1.34% of asking price, up from last month. Could be the shrinking inventory.
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 April 2018 the average list price for single family homes in Boynton Beach FL was $ 377,323, which remained pretty much the same as last month. The list price per square foot was $ 182, up slightly from the prior month.
In April 2018, the average sold price for single family homes in Boynton Beach was $ 359,746 with an average sale price per square foot of $ 173. Average days on market was 78. Prices remained pretty close to last month on closed homes, and rose slightly on price per square foot, with homes closing for an average of .96% of list price again. In other words, houses are selling pretty close to asking price.
In April 2018, the average list price for condos, villas and townhouses in Boynton Beach FL was $ 190,241, pretty close to last month. The list price per square foot for condos, villas and townhouses in Boynton Beach was $ 133, down slightly from last month.
In April 2018 the average sold price for condos, villas and townhouses in Boynton Beach was $ 225,743 with an average price per square foot of $ 164. Wow! Average days on market was 75. Prices increased over the prior month in both closed sales and price per square foot. Condos, villas and townhouses sold for an average of 1.34% above asking price this month! Could very well be the shrinking inventory.
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.
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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.
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 it was posted.
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