Archive

Posts Tagged ‘jaycee realty’

Real Estate Market Update for Boca Raton, FL – November 2014

The Realtors Association of the Palm Beaches has released the Real Estate Market Update for Boca Raton, FL for November 2014.  Here’s the info:

November
New Listings: 536 This Year vs 536 Last Year.  No change
Closed Sales: 270 This Year vs 254 Last Year.  +6.3%
Median Sales Price: $300,000 This Year vs $244,500 Last Year.  +22.7%
Percent of List Price Received: 90.7% This Year vs 91.5% Last Year. (-0.9%)
Days on Market Until Sale:  108 This Year vs 94 Last Year.  +14.5%
Inventory of Homes for Sale:  2,229 This Year vs 2,406 Last Year.  (-7.4%)
Months Supply of Inventory:  6.0 This Year vs 6.4 Last Year (-6.9%)

Year to Date
New Listings: 6,589 This Year vs 6,007 Last Year.  +9.7%
Closed Sales: 3,966 This Year vs 4,096 Last Year.  (-3.2%)
Median Sales Price: $279,000 This Year vs $250,000 Last Year.  +11.6%
Percent of List Price Received: 91.2% This Year vs 90.8% Last Year. +0.5%
Days on Market Until Sale:  95 This Year vs 119 Last Year.  (-20.5%)

Commentary
As you’ll note, the Median Sales Price jumped 22.7% in November while year to date it has increased an impressive 11.6%.  It will be interesting to see how the median pricing changes once we are past the new year.  Can the Boca Raton market absorb much more than a $300,000 median sales price?

Of note, the Days on Market Unitl Sale has decreased by 24 days.  This is a 20.5% change.  Does this mean that lending restrictions are easing?  That is questionable as there are 9.7% more listings Year to Date and 3.2% fewer Closed Sales.  I guess time will tell.

If you are looking to determine the value of your home or would like a list of available properties for sale in your area please contact me.

Source:  Realtors Association 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

 

 

Market Update for The Shores at Boca Raton as of December 2014

Real estate market data for The Shores at Boca Raton provided by  Rick Schuster of Jaycee Realty.

The Shores at Boca Raton Market Update
Over the past 90 days, The Shores at Boca Raton has seen 3 Multiple Listing Service home closings with an average sale price of $471,167. This equates to $153.44 per square foot of living space.  The average List price of $496,300 indicates that homes in The Shores at Boca Raton are achieving approximately 95% of their asking price.  If you are considering buying a home, you can still find bargains on a house in The Shores at Boca Raton 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 The Shores at Boca Raton.

At the time of publication of this article, the average currently available home in The Shores at Boca Raton was listed for sale for 85 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.

The Shores at Boca Raton Real Estate Active Listing Summary
The average list price for a single family home in The Shores at Boca Raton is $444,450 which is lower  than the recent average closed-sale price.  The average price per square foot for listings in this neighborhood is $159.93.  Currently there are only 2 homes available for sale in the community.

The Shores at Boca Raton Properties Under Contract
The Multiple Listing Service currently shows 2 properties under contract with an average list price of $509,450.  The average price per square foot is $157.43 which is roughly $4.00 per square foot greater than the most recent sales in the neighborhood.

Find Homes for Sale in The Shores at Boca Raton
Visit my website to search for homes in The Shores at Boca Raton or to be notified when a home in The Shores at Boca Raton becomes available.  To find out what your 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