Home > Uncategorized > Market Update for Boca Isles North as of December 2014

Market Update for Boca Isles North as of December 2014

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

 

Boca Isles North Market Update

Over the past 90 days, Boca Isles North has seen 13 Multiple Listing Service home closings with an average sale price of $498,923. This equates to $184.07 per square foot of living space.  The average List price of $523,123 indicates that Boca Isles North Sellers are achieving approximately 95.3% of their asking price.  For closings that occurred in Boca Isles North over the past 90 days, the average home closed in just 66 days.

If you are considering buying a home, you can still find bargains on a house in Boca Isles North 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 Boca Isles North.



At the time of publication of this article, the average Boca Isles North home was listed for sale for 84 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.

Boca Isles North Real Estate Active Listing Summary
The average list price for the 16 single family homes currently for sale in Boca Isles North is $530,281 which is a shade higher than the list prices of the most recernt home sales in the community.  The average price per square foot for listings in this neighborhood is $194.35.

Boca Isles North Properties Under Contract
The Multiple Listing Service currently shows 5 properties under contract with an average list price of $480,560.  The average price per square foot is $170.54 which is about 7.5% less than recent sales in the neighborhood.

Quick Analysis
The trend of properties under contract in Boca Isles North show that the lower priced homes are currently in demand.  With the average price per square foot of properties under contract at 7.5% less than the average of the most recent sale(s), the average price in the neighborhood will most likely be lower at the next publication of this article (January).

Find Homes for Sale in Boca Isles North
Visit my website to search for homes in Boca Isles North or to be notified when a Boca Isles North 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
jc logotwitter facebook Linked In Active Rain Home Guardian Title Rick Schuster

 

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