Boca's Very Bad Real Estate Market Is A Buyer's Dream (Unless You Have To Sell)

BOCA RATON, FL (BocaNewsNow.com) — The latest market report is not good news for homeowners trying to sell in Boca Raton.

Released by New York’s Douglas Elliman Real Estate — produced quarterly in conjunction with independent appraisal firm Miller Samuel — the latest report shows homeowners trying to sell in Boca Raton are in for a long struggle. There are 1,431 homes on the market (as of the report being issued) with the average days on market coming in at 81. That’s up from the first quarter. Homes are selling, on average, 7.4 percent lower than their original list price. The average sales price: $708,396 or $209 a square foot.

For luxury homes — considered the upper ten percent of sales — the average price is $1,361,121, with days on market rising to 109. There are 230 homes on the market in the “luxury home” category in Boca Raton. Luxury homes are selling, on average, 9 percent lower than list price.

Around Boca, the MLS indicates this is very much a buyers market. There are 21 homes for sale in Saturnia, 44 homes for sale in Boca Falls, 160 in Boca West, 20 in Woodfield Hunt, 117 in Broken Sound, 63 in The Oaks, 98 in Polo Club, and 55 in The Bridges (technically Delray). This is just a brief sampling of popular area communities — check sites like Zillow for the latest numbers.

 

 

 

 

----------------------------------------LYFT PROMO CODE--------------------------------------
Use our Lyft promo code BNN123 for substantial discounts for your first Lyft rides. Enter the code in your app, or just click here.

---------------------------ABOUT BOCANEWSNOW.COM-----------------------

BocaNewsNow.com is the leading hyper-local news website based in and serving Boca Raton, Florida and South Palm Beach County. Our pages have been visited millions of times since our first post on October 4th, 2011. We have a verified history of reporting news, providing opinion and snark.

BocaNewsNow.com is NOT a mugshot website. We have never charged and DO NOT charge for mugshot removal. We are a news organization registered with the State of Florida and exempt from Senate Bill 118. We publish arrests of note provided to us by law enforcement under Chapter 119 of Florida Statutes. While we review all requests for removal, we are not obligated to remove reports that are a part of the public record.

When removal is appropriate, we do so at no charge. We do not accept payment for mugshot or arrest report deletion.

We are cognizant of the impact an arrest may have on one's life. If you are exonerated or if charges are dropped, please contact us to request an appropriate update to or removal of a specific story. We remind our readers that an arrest is an accusation. Guilt or innocence is determined in a court of law. Email us at news (at) bocanewsnow.com or telephone 561-419-9520.

All Content Copyright © 2017 MetroDesk Media, LLC. All Rights Reserved.