East Boca Raton FL Real Estate Market Stats
Single family home sales for East Boca Raton Florida
How are single family homes selling in East Boca Raton?
This market report is for Boca Raton East market and not the entire city of Boca Raton. This is only for East Boca Raton. Find out all about the East Boca Raton FL Real Estate Market in this monthly publication on single family home sales in Boca Raton Florida. What’s selling?! As you Keller Williams Boca Raton Realtor, I discuss it all here in my most recent market report.
It’s 2017, and the first month of recorded home sales is ready to be published. Discover all there is to know about East Boca Raton’s Real Estate market.
What will you learn?
- How many homes sold in East Boca Raton
- What was the median home sale price in East Boca Raton
- What was the median square foot price in East Boca Raton
- How many days on the market before homes were selling in East Boca Raton?
- What was the absorption rate (level of inventory) in East Boca Raton?
- Is it a Seller’s Market, Balanced Market or Buyer’s Market?
If you have a particular question about the East Boca Raton Real Estate market, be sure to reach out to me via email, phone or text. If not immediately available, know that I will get back to you before you know any time has lapsed! Selling homes is what I do!
Today’s report is for January 2017. Let’s find out about home sales in East Boca Raton. The particulars:
Home sales during January in East Boca Raton sold 84 homes.
East Boca Raton Real Estate Market Summary for January 2017
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Home Inventory Reported in East Boca Raton
The supply of homes or inventory level describes Absorption rates; it will tell you how many homes are available for sale to meet the demand of Buyers. It illustrates how many months it would take to sell the current inventory of homes for sale should no other homes hit the market for sale in East Boca Raton based upon prior months home sales.
The current absorption rate/supply of homes for January is 9.22% showing it would take East Boca Raton 9.22 months to sell the current inventory of homes, should no other homes come to market!
East Boca Raton Florida is experiencing a Buyer’s Market.
Absorption rates will determine whether we’re in a Seller’s, Buyer’s or Balanced/Stable market. Typically, less than 6 months of inventory is a Seller’s Market. 6 months of inventory is a Balanced/Stable market and over 6 months supply of homes reflects a Buyer’s market. The absorption rate I report here is just for East Boca Raton, however, keep in mind that absorption rates can vary by neighborhood and will vary by cities also. When selling a home, it’s important to know your neighborhood absorption rate in order to best position your home for a fast sale for top dollar.
Call me/text me now or email me, and I can tell you your local neighborhood absorption rate so you know how to best position your East Boca Raton home for sale.
Distressed Property Sales (includes Short Sales and REO/Lender/Bank owned). The overall distressed rate during January 3.57 % when compared to a year ago January 2016 at 13.73%; great relief to distressed homeowners for this year!
If you’re a distressed homeowner and foreclosure seems to be closing in on you, Find out how to avoid it.
Neighborhoods selling in East Boca Raton
Top selling East Boca Raton neighborhoods included Boca Villas, Hidden Valley, Palm Beach Palms, with Royal Palm Yacht & Country Club coming out on top with 5 homes sold.
Relocating to Boca Raton Florida and want to consider East Boca Raton? Perhaps Royal Palm Yacht & Country Club or any of these other neighborhoods would be the perfect spot for you to call home.
More about selling your home in East Boca Raton
Do you want to know the value of your home in East Boca Raton? Have you been looking at common Real Estate website portals such as Zillow, Trulia and more to determine your home’s value? Stop. These websites prove to be grossly inaccurate. When you really think about it, how can a website algorithm know what’s in the interior of your home or know that you just replaced your roof, added a pool and upgraded your Kitchen and Bathrooms plus spruced up your landscaping? Impossible. Now, it’s starting to make more sense, I’m sure. Don’t rely on a website to provide you with your home’s value. Trust a Realtor who serves customers in the the area of East Boca Raton Florida as I do, a Boca Raton Realtor.
I can tell you what your home is worth in today’s South Florida Real Estate Market after speaking with you. My recommended price will be based upon my Real Estate experience and skill in setting accurate home selling prices so you can actually sell your home. I have a track record of high list price to sales price ratios and being spot on in comparison to Real Estate appraisals.
Find out – “how much is my home worth?” Call for your complimentary analysis of your home’s value.
Also, know that the importance of your home’s initial list price is critical – get it right at the onset.
Book an appointment now to learn more about the local East Boca Raton Florida Real Estate Market or when you’re thinking; “I need to sell my home in Boca Raton” or “I need to buy a home in Boca Raton”. Call/Text Lynn at 954-464-1100 or email Lynn at LynnP@ImagineYourHouse.com
East Boca Raton FL Real Estate Market Report for January 2017 written by your neighborhood Boca Raton REALTOR®, Lynn Pineda , your Keller Williams Boca Raton Realtor in Boca Raton. Based upon local MLS Statistical findings. Accuracy is not guaranteed. Top Boca Raton REALTOR® provided. Real Estate Agent delivering on promises.
Lynn hopes you enjoyed the most recent report on homes selling in East Boca Raton Florida. You’ll also find Lynn selling homes in Southeast Florida in the cities of Boca Raton, Boynton Beach, Coral Springs, Coconut Creek, Delray Beach, Margate, Parkland, Sunrise and Tamarac and surrounding cities within Broward and south Palm Beach counties.