Home Prices in Boca Raton FL for January 2018
Real estate market data for Boca Raton, FL provided by Elyse Berman of Best Connections Realty, Inc.
Boca Raton Home Prices
If you are interested in how much inventory is currently on the market, you can click on this link. It will show homes for sale in Boca Raton, FL.
Low inventory suggests that homes are not sitting on the market for very long. That is the market we are in. Low inventory continues in Boca Raton with some houses getting multiple offers coming in.
I wouldn't expect home prices to run up quite as fast as they did back in 2006 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, which seem to be coming, is one indicator that prices will continue to rise.
We saw a steady increase in prices in Boca Raton FL in January. Closed sales of single family homes showed an increase as well as condos, villas and townhomes also showed an increase in the price of closed sales over the prior month. Days on market remained dropped slightly.
Boca Raton Real Estate Market Summary
In January 2018, the average list price for single family homes in Boca Raton FL was $ 807,252. The list price per square foot for single family homes in Boca Raton was $ 262. The average list price as well as average list price per square foot showed a significant increase from last month.
In January 2018, the average sold price for single family homes in Boca Raton was $ 754,224 with an average price per square foot of $ 247. The average sold price increased this month while the average sold price per square foot remained virtually the same as last month. Average days on market was 93.
In January 2018, the average list price for condos, villas and townhouses in Boca Raton FL was $ 313,335. The list price per square foot for condos, villas and townhouses in Boca Raton was $ 198. Average list price as well as price per square foot showed an increase this month over last.
In January 2018, the average sold price for condos, villas and townhouses in Boca Raton was $ 293,345, showing an increase over last month. Average price per square foot was $ 186, virtually the same as last month. Average days on market was 80.
We saw prices rise in January 2018. Prices of single family homes showed a larger increase while prices of condos, villas and townhomes in Boca Raton FL showed a more modest increase. Days on market fell slightly.
You need to have someone in your corner, on your side, whether buying or selling a home in Boca Raton FL. I can help you find the home of your dreams with or without pets.
To be notified when new homes come on the market, call/text me 561-716-7824 or email Elyse@ElyseBerman.com.
To find out what your house is worth, click on the box to the right.
For more information about Pet Friendly Housing in Boca Raton FL and Boca Raton Real Estate, please contact me. I am a Boca Raton Real Estate Agent and can be reached at (561) 716-7824 cell/text or email at Elyse@ElyseBerman.com
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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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