Wednesday, July 23, 2014

New Real Estate Market Update - Boca Raton FL

 Free Home Value


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%

For more information on these record-breaking Palm Beach County market statistics,
 Call me at 561 288 0907 or e-mail me at

 By Charles Wiener PA & Sergio Lucena PA

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