Market Update for Boca Isles South as of December 2014

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

Boca Isles South Market Update
Over the past 90 days, Boca Isles South has seen 4 Multiple Listing Service home closings with an average sale price of $459,375. This equates to $162.42 per square foot of living space.  The average List price of $485,475 indicates that Boca Isles South Sellers are achieving approximately 94.6% of their asking price.  If you are considering buying a home, you can still find bargains on a house in Boca Isles South 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 South.

At the time of publication of this article, the average currently available Boca Isles South home was listed for sale for 82 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 South Real Estate Active Listing Summary
The average list price for a single family home in Boca Isles South is$526,770 which is substantially higher than the recent average closed-sale price.  The average price per square foot for listings in this neighborhood is $183.35.  Currently there are 10 homes available for sale.

Boca Isles South Properties Under Contract
The Multiple Listing Service currently shows 5 properties under contract with an average list price of $512,740.  The average price per square foot is $168.02 which is about 3.5% greater than recent sales in the neighborhood.

Find Homes for Sale in Boca Isles South
Visit my website to search for homes in Boca Isles South or to be notified when a Boca Isles South 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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Market Update for Lexington Estates, Boca Raton, FL as of Dec. 2014

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



About Lexington Estates
Lexington Estates is an upscale security gated community located in West Boca Raton, FL.  Homes within Lexington Estates range from 3-5 bedrooms and are either 1 or 2 story.  They currently range in price from $429,900-$550,000.  Homes in the community are surrounded by a community pool and playground.  Lexington Estates homes are in high demand as there are only 2 properties currently available for sale.  Once a homeowner moves in, they are generally comfortable enough to stay for several years.

Lexington Estates Market Update
According to the Multiple Listing Service (MLS) Lexington Estates has not seen any home sales over the past 90 days. Over the past year, however, there have been seven MLS sales ranging from $325,500-$450,500.

Lexington Estates Real Estate Active Listing Summary
The average list price for the 2 single family homes currently for sale in Lexington Estates is $489,950.  The average price per square foot for listings in this neighborhood is $160.56.  Click the following link if you are interested in seeing a current list of available inventory in Lexington Estates.

Find Homes for Sale in Lexington Estates
Visit my website to search for homes in Lexington Estates or to be notified when a Lexington Estates 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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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

 jc logotwitter facebook Linked In Active Rain Home Guardian Title Rick Schuster

Market Update for Boca Winds as of December 2014

Market Update for Boca Winds as of December 2014
Real estate market data for Boca Winds, Boca Raton, FL provided by  Rick Schuster of Jaycee Realty.

Boca Winds Market Update
Over the past 90 days, Boca Winds has seen 9 Multiple Listing Service home closings with an average sale price of $381,991. This equates to $152.19 per square foot of living space.  The average List price of $392,689 indicates that Boca Winds Sellers are achieving approximately 97% of their asking price.  If you are considering buying a home, you can still find bargains on a house in Boca Winds 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 Winds.

At the time of publication of this article, the average Boca Winds home was listed for sale for 92 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 Winds Real Estate Active Lisitng Summary
The average list price for a single family home in Boca Winds is$378,405 which is actually a “tad” lower than the recent average sale price.  The average price per square foot for listings in this neighborhood is $187.15.

Boca Winds Properties Under Contract
The Multiple Listing Service currently shows 5 properties under contract with an average list price of $357,720.  The average price per square foot is $160.72 which is almost 5.5% greater than recent sales in the neighborhood.

Find Homes for Sale in Boca Winds
Visit my website to search for homes in Boca Winds or to be notified when a Boca Winds 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.

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

Market Update for Boca Falls as of December 2014

Market Update for Boca Falls as of December 2014

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

Boca Falls Market Update

Over the past 90 days, Boca Falls has seen 6 Multiple Listing Service home closings with an average sale price of $618,833. This equates to $186.17 per square foot of living space.  The average List price of $647,817 indicates that Boca Falls 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 Boca Falls 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 Falls.

At the time of publication of this article, the average Boca Falls home was listed for for sale for 109 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 Falls Real Estate Active Lisitng Summary
The average list price for a single family home in Boca Falls is $645,294which is approximately 4% higher than the average sale price.  The average price per square foot for listings in this area is $183.60.


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


POSTED BY
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

National Hang Out with a Realtor Day

Ok, so today is National Cat Day, National Oatmeal Day and National Hermit Day.  Wow, that’s a pretty busy day for some people.  Especially for cat owning hermits who eat oatmeal!

While there are many days and/or months throughout the year which are VERY meaningful and necessary to respect and honor, it seems that there is a recent onslaught of other days which are asking for unnecessary acknowledgment.  It’s kinda’ like a “Hallmark Holiday”.

All this said, I propose that today should be National Hang Out with a Realtor Day.  Please vote for this “day” at your local election center on November 4th.

Think of all the fun someone could have in acknowledging the endless efforts of the Realtor.  They could:

  • Attend a closing
  • View houses
  • Schedule multiple showings to multiple clients
  • Negotiate a contract
  • Witness how cold calls are made
  • Value properties
  • Network
  • Attend a listing presentation
  • Attend an inspection
  • Attend an appraisal
  • Attend a pre-closing walk-through inspection
  • Go to a continuing education class
  • Write a blog post

The fun is almost endless and certainly does not stop with the above items.

At the end of National Hang Out with a Realtor Day, they could look forward to the next day which would be National Get a Mortgage Day.  The day after could be National Buy Homeowners Insurance Day.  And by the end of the week, everything could be wrapped up in National Buy Title Insurance Day.

Hold on.  Now that I am thinking about it, we could make the entire month of October (next year) “National Real Estate Month”.  Or, better yet, we could make November “National Hang Out with a Realtor, Get a Mortgage, Buy Title Insurance and Buy Homeowner Insurance Month”.  We could wrap up the whole real estate process in one fell swoop – and all in one month!  Then, we could take the rest of the year off.

How cool would that be?

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

Categories: Uncategorized

Palm Beach County Housing Update

Palm Beach County Housing Update 
BY Real Estate Services with Jaycee Realty, Inc.

The results are in!  The following are the most recent housing statistics relating to home sales in Palm Beach County, FL:

Single Family Homes
December 2013 Closed Sales:  1,325
December 2012 Closed Sales:  1,184
Year-Over-Year Change:  +11.9%

Median Home Price, December 2013:  $265,000
Median Home Price, December 2012:  $229,750
Year-Over-Year Change:  +15.3%

Median Days on the Market, December 2013:  45
Median Days on the Market, December 2012:  85
Year-Over-Year Change:  -47.1%   

Active Listings, December 2013:  6,720
Active Listings, December 2012:  6,764
Year-Over-Year Change:  -0.7%

Months Supply of Inventory, December 2013:  5.2
Months Supply of Inventory, December 2012:  5.9
Year-Over-Year Change:  -13%

Townhomes/Condos
December 2013 Closed Sales:  921
December 2012 Closed Sales:  1,122
Year-Over-Year Change:  -17.9%

Median Home Price, December 2013:  $120,750
Median Home Price, December 2012:  $98,750
Year-Over-Year Change:  +22.3%

Median Days on the Market, December 2013:  51
Median Days on the Market, December 2012:  76
Year-Over-Year Change:  -32.9%

Active Listings, December 2013:  6,091
Active Listings, December 2012:  7,054
Year-Over-Year Change:  -13.7%

Months Supply of Inventory, December 2013:  5.4
Months Supply of Inventory, December 2012:  6.1
Year-Over-Year Change:  -10.4%

If you are looking to buy or sell a home in Palm Beach County Florida, call the Real Estate experts at Jaycee Realty.

All data represents information available as of December 31, 2013 and has been provided by the Realtor Assocation of the Palm Beaches.

 


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

 

Categories: Uncategorized