Home > Boca Raton, Real Estate, West Boca Raton > Market Update for Saturnia, Boca Raton as of December 2014

Market Update for Saturnia, Boca Raton as of December 2014

Market Update for Saturnia, Boca Raton as of December 2014

Real estate market data for Saturnia, Boca Raton, FL provided by  Rick Schuster of Jaycee Realty.

Saturnia Market Update
Over the past 90 days, Saturnia has seen 6 Multiple Listing Service home closings with an average sale price of $512,500. This equates to $165.59 per square foot of living space.  The average List price of $531,965 indicates that Saturnia Sellers are achieving approximately 96% of their asking price.  If you are considering buying a home, you can still find bargains on a house in Saturnia but having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, well priced listings often sell within a few days of hitting the market.

Click the following link if you are interested in seeing a current list of available inventory in Saturnia.

At the time of publication of this article, the average Saturnia home was listed for sale for 77 days. Sellers should make sure to price their home near market value if they expect to get an offer from an interested buyer.  I wouldn’t expect home prices to run up quite as fast as they did back in 2005 as banks remain stringent on their lending guidelines.

Saturnia Real Estate Active Listing Summary
The average list price for the 11 single family homes currently for sale in Saturnia is $694,800 which is a substantial increase over the recent average sale price.  The average price per square foot for listings in this neighborhood is $191.83 — also a big jump.

Saturnia Properties Under Contract
The Multiple Listing Service currently shows 3 properties under contract with an average list price of $731,133.  The average price per square foot is $183.12 which is almost 9.5% greater than recent sales in the neighborhood.

Quick Analysis
One of the reasons for the disperity in pricing may be that 3 of the 6 recently closed sales are substantially smaller in size compared to properties which are currently available.  For instance, a property with 2741 square feet recently sold for $455,000.  This home is 607 feet smaller than the largest home sold in the past 90 days.  Based solely on square feet (not the most accurate method of determining value), this would mean an adjustment of $100,513 —- this comparable sale would probably not be used by an appraiser as the adjustment would exceed the allowable amount governed by appraisal rules.  It is important to note that there are several homes currently for sale which are over 4,000 feet which would make for an even greater “phantom” adjustment.  If you would like a detailed analysis regarding the values in Saturnia, please contact me via the information below and I will be happy to prepare a report for you.

Find Homes for Sale in Saturnia
Visit my website to search for homes in Saturnia or to be notified when a Saturnia home comes on the market.  To find out what you home is worth call me at 561-206-2835.

Note:  The information contained herein was gathered from the Multiple Listing Service (MLS) and is deemed reliable but not warranted.  Additional properties may be active, under contract or sold which may or may not be listed in the MLS.

Rick Schuster
Licensed Real Estate Broker – Jaycee Realty, Inc.
Licensed Title Insurance Agent – Home Guardian Title, Inc.
Licensed Mortgage Broker – Leading Edge Mortgage Corp

20283 State Road 7 – Ste 400
Boca Raton, FL 33498

561-206-2835 – via Google Voice
561-988-2546 -Fax

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