Boca Isles, Boca Greens, Saturnia, Shores: 2020 Real Estate

The first half of 2020 shows wide variation based on neighborhoods. Homes in Saturnia, Boca Isles both sold well. Boca Greens continues to surge with more sales at higher prices. There was less activity in The Shores but pricing remains strong for sellers.

Saturnia

Saturnia homes sold well in 2019 and that continues in 2020 so far. Sixteen homes have closed this year, ahead of the 2019 pace. Prices are on par with last year or a bit higher.

Four homes sold for $700,000 or more with a top price of $790,000 for 19276 Natures View Court. It has 5 bedrooms and 3 baths in 3500 square feet. That matches the top price last year, also on the same street.

The same model at 19251 Creekshore sold for $780,000. Both have 3-car garages, private pools and water views.

Others in the 7s include:

  • 11827 Bayfield – 6 bedrooms, over 4700 square feet, $750,000
  • 19450 Saturnia Lakes – $700,000 for 5 bedrooms in 3500 square feet

The lowest price was $530,000 for 19477 Estuary, a 4-bedroom with 2700 square feet. That’s $35,000 over the low price in 2019.

A total of 7 houses sold under $600,000. Four of them were close in price between $530,000 and $545,000. Another group of four homes sold in a range from $620,000 to $635,000.

Median price was $621,000 and the average price was slightly higher at $629,000. All homes sold in Saturnia had at least 4 bedrooms and at least 3 full bathrooms. All but 3 of the homes had 3-car garages.

5 transactions are in some form of pending status. As elsewhere inventory is low. There are 4 homes listed at the moment with prices from $570,000 to $700,000.

On average homes took nearly 4 months to sell. 9 listings failed in the first half of the year, either expired or canceled.

Boca Isles

Boca Isles also saw increased volume in the first half of 2020 with 34 closed transactions. That’s more than half of the 53 deals in 2019.

Boca Isles North was busier with 20 homes sold, while Boca Isles South had 14 sales.

Both communities had fairly similar pricing. Boca Isles North deals averaged $566,000, a bit higher than the $564,000 in Boca Isles South. Pricing in Boca Isles North was also slightly higher on a dollars per square foot basis.

The biggest sale price was for 20130 Palm Island at $725,000 for a 5 bedroom with 3400 square feet, in Boca Isles South. Just a few doors down the slighty smaller 20160 Palm Island sold for $670,000.

The highest price in Boca Isles North was for 19239 Redberry, a 6-bedroom over 3400 square feet that sold for $710,000 after 7 months on the market. 19243 Bayleaf, a 5 bedroom under 3000 square feet, was next at $675,000.

For statistics geeks the median price in Boca Isles North was much higher at $582,000 vs $518,000 in Boca Isles South.

The lowest price was $413,000 for a 2100 square foot 3 bedroom at 19448 Preserve in Boca Isles North. The same model sold for $499,000 at 10856 Tea Olive.

20144 South Key Drive was the low price in Boca Isles South at $440,000 with 4 bedrooms and 2600 square feet. A large 5-bedroom went for $468,000 in a short sale at 20216 Ocean Key.

In both communities the average home took 2 1/2 months to sell. Inventory is low, particularly in Boca Isles North with only 3 homes listed ($530,000 – $745,000). There are 6 listings in Boca Isles South ($515,000 – $700,000).

Each neighborhood has 7 listings in some form of pending status. 6 listings failed in Boca Isles North and another 10 listings failed in Boca Isles South.

Boca Greens

Boca Greens entrance from US-441; image by Google.

Boca Greens homes have been rising in price for years and 2020 continues that trend. 21 homes sold in the first half of the year and prices jumped higher.

In 2019 four homes sold over $500,000 for the whole year. In the first six months of 2020 five homes have already sold over $500,000. Two homes sold for over $550,000, over last year’s top price under $540,000.

10370 Camelback was the big winner, selling for $565,000. It’s a 4-bedroom with 2500 square feet.

Just below that, 20202 Back Nine Drive sold for $555,000, a 3-bedroom home with 2500 square feet.

The low price was $290,000 for 19740 Back Nine Drive, an 1800 square foot 3-bedroom. The low in 2019 was $257,000.

The median price was $447,000 up from $429,000 last year. The average price was similar at $446,000.

While the average home took nearly four months to sell, that’s affected by two outliers which took over 500 days each. Leaving those two out, the average was closer to 2 months.

There are only 8 homes listed in Boca Greens ($430,000 to $650,000). 6 deals are pending and 6 listings failed.

The Shores

The Shores at Boca Raton saw only 7 transactions in the first half of the year, below the 2019 pace. 25 homes sold last year.

Prices continue to rise in The Shores. 11102 Blue Coral Drive broke the 700 ceiling at $715,000 with 5 bedrooms and 3400 square feet. Last year the top deal was $680,000 for a larger house.

11166 Sea Grass Circle was the low price at $392,000 for 3 bedrooms in 2100 square feet. This is substantially higher than the bottom two from 2019 ($330,000 and $375,000).

It’s a big jump up to the next deal at $490,000 for 11155 Sea Grass Circle (4 bedrooms, 2600 square feet). Last year several homes sold for less than that.

The media price so far in 2020 is $549,000.

Homes are selling fast, in less than 2 months. A couple listings failed, and 3 are pending.

4 homes are listed at the moment with prices from $525,000 to $570,000.

Author: Warren Redlich

Warren Redlich is a real estate agent and an attorney. He focuses on selling homes in West Boca Raton. Find out more at Yes Boca Real Estate.