West Boca Raton Home for Sale Listed by the Jablon Team
Marc Jablon of the The Jablon Team featured a West Boca Raton home for sale listing in the Boca Trails subdivision in Boca Raton 33428.
Home Seller recommends Marc Jablon
This well maintained West Boca home measured 1287 square feet under air and featured 3 bedrooms and 2 bathrooms, a garage and a large, fenced in backyard.
This West Boca Raton home for sale is assigned to Coral Sunset Elementary, Loggers Run Middle, and West Boca High, all within Boca Raton’s highly rated school district.
Average West Boca Home sold for 6% more than last year.
The average list price of a West Boca Raton home for sale in 33428 as of August 2014 was $263,000, down 5% from a year ago, but the average sale price of a West Boca home in 33228 was up by 6% from a year ago to $201,000.
The average number of days on the market for homes listed in West Boca 33228 currently stands at 78. The number of homes listed for sale in West Boca 33428 moved up 9% from last year at this time, as more inventory gradually comes into the market.
West Boca Homes still in a seller’s market.
While West Boca home for sale prices are no longer making double digit leaps, we are still seeing minor price increases. That is because the single digit increase in West Boca Raton homes for sale has still not brought the market to a six month supply. Six months indicates that the market is in equilibrium, where neither buyer nor seller has an advantage, and some negotiation is expected.
Currently, the West Boca Raton home for sale inventory stands at around a 4.5 month supply, which means that we are still in a seller’s market. The good news for first time home buyers in Boca Raton is that investors are finding less value in a rising market. That means sellers are more amenable to buyers who will use a mortgage to purchase.
Because demand for West Boca homes in the $350,000 and under range constitutes about 80% of our market, the competition for homes for sale in West Boca Raton is intense. Sellers are currently able to command full asking price or very close to it.
Do you want to buy a home in West Boca Raton?
Do you want to sell a home in West Boca Raton?
Please call Marc Jablon at 561-213-6139 for a free consultation.
Marc Jablon, the Jablon Team
Re/Max Complete Solutions