Boca Winds Home Prices Up 8% and Selling Faster

22257 Vista Lago Drive was the largest Boca Winds transaction in 2016, selling for $680K on June 1st. The house has 6 bedrooms in over 3500 square feet. Image by Google

Homes in Boca Winds sold quicker and for substantially more in 2016. The average home price rose to $369K, up from $360K. That’s a 2.5% increase. The price rise was more pronounced on a dollars per square foot basis, at $174/sq.ft. in 2016, up 8% from $161 in 2015 and $159 in 2014.
Boca Winds is an ungated community at the far west end of Palmetto Park Road. It is bordered on the south by the Loxahatchee Canal and the county line, to the west by the Fran Reich Preserve, Boca Falls to the north and Boca Reserve to the east. It is zoned for the nearby Waters Edge Elementary, Loggers Run Middle, and West Boca High schools.

Boca Winds map; image and map data by Google

Our data show 82 transactions in 2016, up from 61 in 2015 and 60 in 2014. Homes are also selling quicker, averaging 42 days (median 26) vs. 57 in the two previous years. This is a pattern that is being noticed across a number of areas, so if you’re thinking of selling, it may be time to contact Monument CO realtors or ones closer to your area in order to get the best price for your home. The 2016 numbers include 7 REO transactions and 2 short sales. The busiest street was Sea Bass Drive with 9 transactions. These sales are higher than last year despite many of the houses needing work done to them as they have existing issues. The buyers are needing to have projects like WDR Roof Repair but are still willing to pay a higher price than last year.

22041 Palm Grass Drive was the second biggest transaction sold for $555K and the highest per square foot. The house has 4 bedrooms and 2 1/2 baths in 2600 square feet. Image by Google.

Homes sold in 2016 ranged from 1400 to 3600 square feet with prices typically ranging from the low $200s with 3 bedrooms and 2 baths up to the mid-$500s with up to 6 bedrooms. They were built from 1985 through 1999.

22466 Tuna Place sold for the lowest price in Boca Winds in 2016 at only $155K. The 2500 square foot home has 4 bedrooms and 2 1/2 baths. The price is so low we think something is fishy and are checking with the listing agent. We suspect this is a typo and that it actually sold for $355K.

This increase in the price of homes is generally seen across the States. Just ask any Winston Salem real estate agents and they will be sure to tell you the same thing is happening in North Carolina, for instance. It appears now would be a good time to start owning properties, before prices increase even further.

This is the second in a series of articles analyzing 2016 real estate transactions in West Boca. The first article covered Boca Falls. More coming soon.