Normally April, May, and June are, without question, the busiest
months of the year and the peak for closed single family home
sales in Boca Raton
have typically been established during one of these months.The month with the highest amount of closed sales customarily
marks the pinnacle of the real estate season. However, June 2014
statistics reveal adifferent story when compared to the past.This year, on the other hand, closed sales only decreased 0.2 percent
compared to May suggesting that the real estate market is experiencing some
significant changes in the single family home category. The peak of this year’s
real estate season has spanned into multiple months thanks to the pristine
condition of the market. Astonishingly, April,May, and June 2014 had the
greatest finishes in five years for closed sales and with new pending sales up
over last year, this year’s peak has lengthened in duration. Combined closed
sales for April, May, and June are almost thirteen percent higher compared to
those months in 2013, marking another astonishing benchmark. The heightened
activity of the real estate market probably isn’t over either. Early indications suggest July could continue into record-breaking
territory. ( See Chart Below)
Properties in both single family homes and townhouse and
condo categories continue to appreciate to some
of their highest levels. The median sale price for
single-family homes increased year over year by 17.9%
percent.
For more information on these record-breaking Palm Beach
County market statistics,
Call me at 561 288 0907 or e-mail me at Charles@WienerLucena.com
By Charles Wiener PA & Sergio Lucena PA
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