Prices continue to rise in Boca Winds. The average transaction price in the first half of 2016 was just over $366,000, up 8 percent from the same period a year earlier, and more than 5 percent higher than the second half of 2015.
The improvement is not just in dollar figures but shows up in other ways. For example, prices rose in “dollars per square foot” to $169/sq.ft. vs. $161 in the two earlier periods. Transactions are also closing a little quicker with an average of 50 days.
The total volume of sales was also up, with 44 transactions in the most recent 6 months vs. 35 in the first half of 2015. While there were several REO transactions (sold by investors owned after foreclosure), their prices were mostly in line with the other houses so they did not pull down the numbers.
On the lower end, 12 houses sold for less than $300K, generally with 3 bedrooms and under 2000 square feet. The bottom was an REO selling for $198K, $47K less than the next lowest at $245K.
Sale prices averaged 94-95% of the original list price consistently over the past 18 months. A few houses sold for more than the original list, while one sold for only 75%.
And again we see full price brokers selling houses for significantly more than discount brokers. Discount brokers save their sellers about 1% on the commission, but lose them 2.5% on the price.
Tag: 33428
Boca Falls Real Estate Analysis for Early 2016
Average sale prices in Boca Falls went up 4% to just over $570,000 in the first half of 2016, compared to the second half of 2015 ($549K). The increase was a full 7% compared to the year-earlier period, the first half of 2015 ($533K). The latest numbers work out to $186 per square foot, up from $170/sq.ft. a year earlier.
There were fewer distressed homes sold in the latest period, but they still held down the numbers a bit. The two least expensive transactions were an REO ($471K) and a short sale ($480K). The bottom one was marketed in a YouTube video:
Most of the homes were sold at a full 6% commission rate. Four were sold at a lower 5% commission, and those houses sold for nearly 2% less in dollars per square foot. We have seen consistently in our analysis that full service brokers sell for more than discount brokers. In other words you save 1% on the commission but lose 2% on the sale price. We suspect this results from self-interested buyers’ agents steering their clients away from homes with lower commissions.
Houses selling a little quicker this year, with the average sale coming after 67 days, down slightly from 70 or more days in recent periods.
The highest listing in Boca Falls right now is at $1 million.
Compare it to Warren’s resume.
When you hire Warren, you not only get a Realtor.
You also get a lawyer at no extra charge.
Real Estate: Boca Falls, Boca Winds and Lexington Estates
We report on several recent transactions in Boca Falls, Boca Winds, and Lexington Estates, with prices ranging from $405K up to $715K.
Boca Falls is a gated community with manned entrances west of 441 between Glades Road and Palmetto Park Road. The community has a clubhouse with a new exercise room, a full-size basketball courts and several tennis courts. There is also a large resort-style pool and kiddie pool as well as a covered playground. There are amazing sidewalks and biking paths and a private entry for the elementary school. Students attend Waters Edge Elementary School, Loggers’ Run Middle School and West Boca Raton High School.
The Mediterranean style home at 21281 Waycross Drive sold for $715,000. It has 4 bedrooms and 2.1 bathrooms in 3357 sq. ft. of living space. This fully renovated home has a loft and custom home theater room. The entrance features wood floors and a grand staircase with wrought iron railings. The chef’s kitchen has high end appliances, granite counter tops and a stone back splash. Located on a pie-shaped cul de sac, there are beautiful views of the lake. The backyard also boasts a pool and spa with travertine deck, summer kitchen and covered patio area. Built and purchased for $279,000 in 1997.
The two story home at 21776 Westmont Court sold for $625,000. It has 5 bedrooms and 3 full bathrooms in 3254 sq. ft. of living space. Located on a cul de sac, the home boasts a new white kitchen with custom cabinets and stainless steel appliances. There are new wood plank tile floors throughout. The master bath was recently remodeled to include a frameless shower and double custom vanities . The fenced in back yard has a pool with a raised spa and waterfall and is located on the lake. Built in 1996, it was previously purchased in 2014 for $525,000.
You’re about to buy or sell a home with a price between $500K and $1M. The realtor you hire will be paid $15K to $30K. Shouldn’t you ask to see their resume before hiring them?
Compare anyone’s resume to Warren’s.
Do they understand economics? Are they good at math? Do they understand legal issues? You will not find a more qualified person to help you buy or sell a home. Call Warren at 888-733-5299.
[contact-form to=’[email protected]’ subject=’Contact from real estate article’][contact-field label=’Ask Warren for help’ type=’text’/][contact-field label=’Email or Phone’ type=’text’ required=’1’/][contact-field label=’How can Warren help?’ type=’textarea’/][/contact-form]
Boca Winds is a large community west of 441 on Palmetto Park Road. Community amenities include a clubhouse, basketball and tennis courts, a pool and sidewalks. Students attend Waters Edge Elementary School, Loggers’ Run Middle School and West Boca Raton High School.
The Mediterranean style home at 22257 Vista Lago Drive sold for $680,000. It has 6 bedrooms and 3.1 bathrooms in 3574 sq. ft. of living space. This home is located on a large waterfront lot on a cul de sac in Carlyle Estates. The upgraded home has 18 foot ceilings, crown molding and beautiful window treatments. The gourmet kitchen has granite counter tops, a cook island and stainless steel appliances. The living room has a custom fireplace. The master suite and second bedroom are located on the first floor. The back has a large pool and screened in patio with lots of privacy. Sold for $650,000 in 2008, it was built in 1994.
The ranch home at 22237 Collington Drive sold for $425,000. It has 4 bedrooms and 2.1 bathrooms in 2308 sq. ft. of living space. The kitchen has been upgraded and features granite counter tops, custom cabinets and stainless steel appliances. The interior has been painted and has neutral tiled floors. Located on the lake, there is a screened in pool and spa. Built in 1991, it was purchased for $395,000 in 2013.
The home at 22489 Middletown Drive sold for $405,000. It has 4 bedrooms and 2.1 bathrooms in 2103 sq. ft. of living space. The kitchen has been remodeled and features custom cabinets, glass tile back splash and stainless steel appliances. The bathrooms have also been completely renovated. The backyard has a large pool and lush garden views. There is a 2 car garage. Built in 1990, it was last purchased by a property company for $283,000 in 2015.
Lexington Estates is a gated community located on Palmetto Park Road, west of 441. Amenities include basketball and tennis courts as well as a community pool and picnic area. Students attend Coral Sunset Elementary School, Loggers Run Middle School and West Boca Community High School.
The designer decorated home at 10166 Umberland Place sold for $515,000. It has 4 bedrooms and 3 full bathrooms in 2945 sq. ft. of living space. The home also boasts a loft. The kitchen has been remodeled with custom cabinetry and new stainless steel appliances. There is marble flooring on the first floor and wood on the second floor. The bathrooms have been renovated with marble flooring and custom quartz vanities. The backyard has a large screened patio with a saltwater pool. Built in 1996, it was sold for $375,000 in 2013.
The contemporary home at 10120 Lexington Estates Boulevard sold for $422,000. It has 3 bedrooms and 2 full bathrooms in 2233 sq. ft. of living space. The double glass door entry and large foyer lead to beautiful Brazilian hardwood floors and vaulted ceilings. The newly remodeled kitchen has granite counters and backsplash, stainless steel appliances and double ovens. The breakfast room boasts a built-in banquette. The backyard has a screened in patio and pool. It was originally purchased and built in 1991 for $219,500.
Recent Home Sales in Boca Falls, Boca Woods and Lexington Estates
Zip code 33428 is located west of Lyons Road, south of Glades Road, and north of Loxahatchee Road and the county line. Many neighborhoods can be found here including Mission Bay, Boca Falls, Boca Winds, Loggers’ Run, Avalon, Vineyards, Boca Woods, Boca Lago, and Boca Dunes. The area is close to shopping and the South County Regional Park.
Boca Falls is a gated community with manned entrances west of 441 between Glades Road and Palmetto Park Road. The community has a clubhouse with a new exercise room, a full-size basketball courts and several tennis courts. There is also a large resort-style pool and kiddie pool as well as a covered playground. There are amazing sidewalks and biking paths and a private entry for the elementary school. Students attend Waters Edge Elementary School, Loggers’ Run Middle School and West Boca Raton High School.
The beautiful home at 21663 Fall River Drive sold for $718,000. It has 5 bedrooms and 3.1 bathrooms in 3684 sq. feet of living space. Located in the Crystal Pointe section of Boca Falls, it has views of the lake, a 3 car garage and a heated in ground pool. The master bedroom suite is located on the first floor. There is an open floor plan with french doors leading out to the deck. The kitchen has wood cabinets, a custom island and a double wall oven. The home was built in 1996 for $409,600.
The courtyard home at 12221 Kenton Way sold for $655,000. It has 4 bedrooms and 4.1 bathrooms in 3239 sq. ft of living space. The updated kitchen has wood cabinets, granite counter tops and stainless steel appliances. The bathrooms have been recently renovated also. The screened in courtyard area has an in ground heated pool. There are great views of the lake. Built in 1996, the home was last purchased in 2013 for $595,000.
12781 Hyland Circle sold for $580,000. It has 5 bedrooms and 3.1 bathrooms in 3356 sq. ft. of living space.
21303 Falls Ridge Way sold for $562,000. It has 4 bedrooms and 3 full bathrooms in 3168 sq. feet of living space.
21320 Rock Ridge Drive sold for $545,000. It has 4 bedrooms and 3 full bathrooms in 3168 sq. feet of living space.
12313 Cascades Pointe Drive sold for $520,000. It has 4 bedrooms and 3 full bathrooms in 2353 sq. feet of living space.
21348 Shannon Ridge Way sold for $495,000. It has 4 bedrooms and 3 full bathrooms in 2446 sq. feet of living space.
Boca Woods Country Club is a gated community located on 441 between Palmetto Park Road and Glades Road. The country club has a two championship golf courses, 8 har tru tennis courts and a state of the art fitness center. There is a large resort style pool as well. The recently renovated clubhouse features The Cabana Grille serving breakfast and lunch, card rooms and the fitness center. Owners have to purchase an equity interest in the club. Students attend Sandpiper Elementary School.
The ranch home at 10679 Boca Woods Lane sold for $640,000. It has 3 bedrooms and 3.1 bathrooms in 3339 sq. feet of living space. The kitchen has been upgraded to include granite counter tops, stainless steel appliances, wood cabinets and a very large island open to the living are. There are wood floors throughout the home. The bathrooms have also been remodeled. A covered patio and pool area including a built in summer kitchen are great for entertaining. Built in 1989, it was sold for $550,000 in 2014.
Lexington Estates is a gated community located on Palmetto Park Road, west of 441. Amenities include basketball and tennis courts as well as a community pool and picnic area. Students attend Coral Sunset Elementary School, Loggers Run Middle School and West Boca Community High School.
The home at 10166 Umberland Place sold for $515,000. It has 4 bedrooms and 3 full bathrooms in 2945 sq. feet of living space. Special features include a loft and marble flooring. The kitchen has custom cabinetry and stainless steel appliances. The bathrooms have been renovated to include quartz vanities and a river rock frameless showers. The large screened in patio has a solar heated saltwater pool. The home was built in 1996 and last purchased for $375,000 in 2013.
The home at 22205 Cressmont Place sold for $475,000. It has 4 bedrooms and 3 full bathrooms in 2945 sq. feet of living space. Located on a corner lot, the home has lake views, a heated pool and jacuzzi. The roof was replaced in 2012 and the kitchen was renovated in 2005. The kitchen features cherry wood cabinets, stainless steel appliances, granite counter tops and a wet bar with wine cooler. Built in 1995, it was sold in 1996 for $232,000.
Other neighborhoods:
21059 Sweetwater Lane N in Winding Lakes 3 sold for $520,000. It has 4 bedrooms and 4 full bathrooms in 2889 sq. feet of living space.
21847 Palm Grass Drive in Boca Winds sold for $450,000. It has 4 bedrooms and 2.1 bathrooms in 2531 sq. feet of living space.
Recent Home Sales in Loggers Run, Palma Vista, Boca Falls and Boca Winds
Zip code 33428 is located west of Lyons Road, south of Glades Road, and north of Loxahatchee Road and the county line. Many neighborhoods can be found here including Mission Bay, Boca Falls, Boca Winds, Loggers’ Run, Avalon, Vineyards, Boca Woods, Boca Lago, and Boca Dunes. The area is close to shopping and the South County Regional Park.
The Loggers’ Run development consists of fifteen subdivisions. Most of the subdivisions are not gated. The development features a common swimming pool, tennis courts and a playground. There are also jogging and biking trails. Students go to Sandpiper Shores Elementary School, Loggers’ Run Community Middle School and West Boca Raton High School.
This beautiful home at 11922 Waterwood Drive in the Winding Lakes section of Loggers Run, a gated community, sold by our brokerage for $687,500. It has 7 bedrooms and 4.1 bathrooms in 4379 sq. feet of living space. This ranch home sits on almost 1 acre on a waterfront lot. The updated kitchen has 42 inch wood cabinets, granite counter tops and stainless steel appliances.
The breakfast area has french doors overlooking the lake and a large pool. There is also a large screened in patio.
Cherry wood floors are throughout the home. The bathrooms have been renovated also. The skylight in the living room brings in lots of light. A unique feature is the large office/in law suite with a separate entrance. Built in 1987, it was purchased for $260,000 in 1997. It had been on the market in the past under other brokerages but finally sold through Signature International Real Estate.
Gables Palma Vista is a gated community located south of Glades on the east side of US-441, a short walk from West Boca Medical Center and also near the Westwinds of Boca shopping plaza (Publix and Home Depot). Amenities include a new clubhouse, exercise room and community pool. There are also sidewalks and tennis courts. Students go to Sandpiper Shores Elementary School, Eagles Landing Middle School and Olympic Heights Community High School. The neighborhood has had some crime problems recently, with car and home burglaries. Residents have complained about issues with gate security. Despite the home values remain strong.
The Mediterranean style home at 9821 Palma Vista Way sold for $670.000. It has 6 bedrooms and 5.1 bathrooms in 3735 sq. feet of living space. This bright, two story home has a large den and 3 car garage. The kitchen has a big island and is open to the family room. There are solid oak floors on the staircase and 2nd floor. There is a guest bedroom with full bath the the 1st floor. The home is situated on the waterfront. It was built in 2001 for $491,630.
Boca Falls is a gated community with manned entrances west of 441 between Glades Road and Palmetto Park Road. The community has a clubhouse with a new exercise room, a full-size basketball courts and several tennis courts. There is also a large resort-style pool and kiddie pool as well as a covered playground. There are amazing sidewalks and biking paths and a private entry for the elementary school. Students attend Waters Edge Elementary School, Loggers’ Run Middle School and West Boca Raton High School.
The traditional home at 12829 Hyland Circle sold for $515,000. It has 5 bedrooms and 3 full bathrooms in 2818 sq. feet of living space. This waterfront home sits on a pie shaped lot. The updated kitchen has wood cabinets, granite counter tops and stainless steel appliances. The family room and kitchen overlook a screened in patio, deck with marble pavers and in ground pool. Built in 1997 for $243,200, it was sold for $457,500 in 2008.
The ranch home at 12428 Clearfalls Drive sold for $490,000. It has 5 bedrooms and 3 full bathrooms in 2772 sq. feet of living space. Located on an oversized private corner lot, it has a circular driveway and plantation shutters. There is a split floor plan with master suite and office on one side of the home. The kitchen has new appliances and a breakfast area with built in seating. There is a large oversized patio and pool deck with a fenced in yard. Built in 1996, this home was originally purchased for $248,100.
Boca Winds is a large community west of 441 on Palmetto Park Road. Community amenities include a clubhouse, basketball and tennis courts, a pool and sidewalks. Students attend Waters Edge Elementary School, Loggers’ Run Middle School and West Boca Raton High School.
The large home at 22300 Collington Drive sold for $525,000. It has 5 bedrooms and 4 full bathrooms in 3547 sq. feet of living space. This home boasts a den in addition to the bedrooms as well as many unique upgrades. It has a great floor plan and french doors leading to the back patio. The backyard is oversized and features a pool and large grassy area. The home was built in 1995 for a purchase price of $223,700.
The two story home at 12792 Tulipwood Circle sold for $485,000. It has 5 bedrooms and 3 full bathrooms in 2890 sq. feet of living space. This lake front home has marble travertine floors on the 1st floor and wood floors on the 2nd floor. The kitchen had granite counter tops and 2 bathrooms have been remodeled. The backyard has a screened in pool and patio. The home, which was built in 1994 for $231,500, was sold for $485,000 in 2007.
Other neighborhoods:
12106 Boca Reserve Lane in Boca Reserve sold for $675,000. It has 4 bedrooms and 3.1 bathrooms in 2979 sq. feet of living space.
21855 Cypress Palm Court in Parkview Estates sold for $605,000. It has 5 bedrooms and 4 full bathrooms in 3370 sq. feet of living space.
9713 Parkview Avenue in Avalon sold for $520,000. It has 5 bedrooms and 4 full bathrooms in 3369 sq. ft of living space.
12307 Cascades Pointe Dr in Boca Falls sold for $480,000. It has 5 bedrooms and 3 full bathrooms in 3254 sq. feet of living space.
12656 Tucano Circle in Boca Winds sold for $462,500. It has 4 bedrooms and 3 full bathrooms in 2592 sq. ft of living space.
22367 Collington Dr in Boca Winds sold for $455,000. It has 6 bedrooms and 3.1 bathrooms in 3563 sq ft of living space.
21910 Satinwood Dr in Arborwood sold for $430,000. It has 4 bedrooms and 2 full bathrooms in 2284 sq. ft of living space.