If you’re thinking of selling a home in Boca Raton, you’ve arrived at that decision at the perfect time.
Right now, home buyers in Boca Raton are racing against constant price upticks. Home prices in Boca Raton rose 21% since this time last year, and first time Boca real estate agents and Boca home buyers are scrambling to bring the highest and best offer to the few homes in Boca that are on the market.
Boca home owners are thrilled. This the kind of real estate market that sellers dream about. Boca home sellers, unless they are wildly overpriced for their neighborhoods, find themselves fielding multiple offers, many of them over asking price, and large numbers of them in cash.
Boca Raton homes maintain their popularity for many reasons, chief among them the excellence of the school system and Boca’s central location between West Palm Beach and For“t Lauderdale.
Low supply of homes keep selling prices high.
Inventories of homes for sale in Boca Raton are down 42% since last year, across almost every price range. Homes in the under $200,000 category are almost non-existent. Check the listings in Boca Raton and you will find that homes of well under 1500 square feet that last year sold for less than $150,000, have boosted their asking prices by $50,000 or more.
As a result, Boca homes in the $300,000 range to $500,000 range have also moved up in price.
Homeowners in Boca Raton are hearing good news from Boca realtors. And it’s about time. Owners have been consumed with gloom for several years as Boca home prices dropped precipitously. Now, it’s the owner’s turn to smile once more. Boca home prices have rebounded.
Marc Jablon, The Jablon Team
RE/MAX Complete Solutions