There are some positive signs in Saturnia but the average home price in Saturnia fell slightly to just under $630,000 for the year 2017, down from $636,000 in 2016 and $638,000 in 2015 and 2014. On the bright side only one house sold for less than $500,000 and just barely at $493K. The lowest price in 2016 was all the way down to $455K with two others under $500K. See our 2016 Saturnia summary. Pressure from new homes in developments like The Bridges and Seven Bridges has increased supply in this segment, keeping home prices from rising for larger single family homes. The Boca Falls 2017 average was also down a little.
Other positive signs include no REO or short sale transactions, and a higher volume with 33 homes sold in 2017, up from 23 in 2016. Some listings failed with eight canceled and ten expired. Also on the negative side, the average price fell in dollars per square foot. In 2016 it was up to $188 per square foot, but in 2017 it dropped to $174 per square foot, well below the 2015 number.
The ten highest prices were large houses over 4000 square feet. 19498 Saturnia Lakes Drive got the biggest price with 6 bedrooms and 4 1/2 baths in 4700 square feet at $850,000. One other sold at $800K and six more sold in the $700s.
Four houses sold near $500K with 19107 Skyridge Circle the lowest at $493,000, and the same 4-bedroom 2800 square foot model next door at 19101 at $505,000. Two 5-bedroom models sold for $510,000, one of them much larger at 3600 square feet.
The biggest apparent bargain of 2017 was 19528 Saturnia Lakes Drive, a 4700 square foot house with 6 bedrooms and 4 1/2 baths that sold for only $635,000, or $133 per square foot. This was sold by an investor who acquired the house out of foreclosure for $545,000. No other house sold for less than $140/sq.ft. The best seller price per square foot was 11898 Preservation Lane, a 2800 square foot 4-bedroom that sold for $600,000, or $214 per square foot. Three other houses in Saturnia sold for over $200/sq.ft. and three more sold for over $190/sq.ft.
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The Shores at Boca Raton 2017 Homes Sold
19 homes sold in The Shores at Boca Raton in 2017. Most homes sold between $460,000 and $650,000. There was one exception at the high end – the 4000 square foot 7 bedroom at 11307 Sea Grass Circle sold for $665,000. There were two exceptions at the low end, both smaller homes. 11423 Sea Grass Circle sold for $380,000, the only house under $400K, with 4 bedrooms in 2400 square feet. The even smaller 11488 Sea Grass Circle, with 2100 square feet, sold for $415,000.
Most of the houses were between 2900 and 3400 square feet with either 4 or 5 bedrooms, 2-4 full baths and nearly all with a half bath. There was a roughly even split between 2 and 3 car garages and all but the bottom house had either waterfront, a pool, or both. All were built between 1995 and 1998.
Priced in dollars per square foot, the homes ranged from just under $150/sq.ft. to just under $200/sq.ft, with an average of $171/sq.ft. Roughly half of the homes sold in a month or less, with a few taking closer to three months. The $380K home sat on the market for nearly a year.
At this writing there are 14 homes for sale in The Shores at Boca Raton with prices from $420K up to $665K.
If you’re thinking of buying or selling a house in West Boca, call or text Warren at 518-225-3710.
Mission Bay Homes Sold 2017: $255K to $652K
2017 was a good year for Mission Bay home sale prices. Mission Bay is another large development west of US-441 with several subdivisions. It includes single family homes and two different townhome subdivisions, similar to these new construction homes.
64 single family homes and 10 townhomes sold in Mission Bay during 2017. The average single family home sold in two months for $427,000 with 2400 square feet at $177 per square foot. The average townhome sold for $284,000 in 20 days with 1600 square feet at $179 per square foot.
In this article the single family homes are covered first, and the townhouses are at the bottom. Prices are up a lot. Just a couple years ago several single family homes in Mission Bay sold for under $300,000 and the top price was $565,000. In 2017 the lowest price was $330,000 and only a few homes sold under $350K. Three homes sold over $600K including the highest at $652K.
Cordova Estates
Single family homes on the ungated Hacienda Court had the highest prices of homes sold in Mission Bay for 2017. Five houses sold. Three of them were roughly 2600 square foot 4-bedroom houses with prices from $450,000 to $503,000. A 3300 square foot 5-bedrooms old for $630,000. 20340 Hacienda Court was the highest price at $652,000 with 3100 square feet, 5 bedrooms and 3 1/2 baths.
The average price in Cordova Estates was $547,000. Most homes sold in less than two months, but one of the smaller ones sat on the market for over seven months.
The Isle
The Isle, which is gated, is sometimes perceived as the most expensive subdivision in Mission Bay. For 2017 four homes sold with an average price of $507,000. Three of them sold in two to three months On Sausalito Drive a 3-bedroom 2 1/2 bath house with 2500 square feet sold for $450,000, and a 2700 square foot 4-bedroom sold for $488,000.
On Avenida Santa Ana a 2500 square foot 4-bedroom sold for $475,000. The highest price in The Isle was $615,000 for 10712 Avenida Santa Ana, a 2700 square foot 4-bedroom all one one floor. That house was thoroughly remodeled and has a large lot with great water views from the backyard pool area. It sold fast – only 5 days.
Ventura
Nine homes sold in Ventura on Buena Ventura Drive and Vera Cruz Lane, all priced fairly close together from $405,000 up to $457,000. Eight of the nine were between 2200 and 2600 square feet. 10406 Buena Ventura drive, at 2900 square feet with five bedrooms, sold near the bottom at $406,000.
10274 Buena Ventura Drive actually sold twice during the same year. In January the 2400 square foot 4-bedroom sold for $425,000. It sold again in late November for $457,000 after some remodeling including the addition of a full bathroom.
Houses in Ventura took a little longer to sell on average with four of the nine sitting on the market for over 100 days. The average price was $422,000 at $175 per square foot.
Sonata
The average price in Sonata was $414,000, held down a bit by an REO (bank-owned) sold $340K. Other than that one the lowest price was $355,000 for a 2000 square foot 3-bedroom. The high price was $515,000 for 20270 Monteverdi Circle, a 5-bedroom with 3000 square feet on two floors. That price is $40,000 higher than the same house sold for a year earlier. The house had some upgrades in that year.
Most of the homes sold in less than a month, but a couple of them took 3-5 months.
Regatta
Regatta was just behind Sonata with an average price of $412,000 for 2017. At the low end was a 1700 square foot 3-bedroom selling at $350,000. Three other homes sold for under $400K, with between 2000 and 2300 square feet. 10682 Wheelhouse Circle squeezes 5 bedrooms and 3 1/2 baths into 2200 square feet. That sold for $373,000.
The seven homes in Regatta selling for over $400,000 were all larger than 2400 square feet. 20958 Avenel Run was the highest price at $470,000. It has 5 bedroom and 4 baths in 3100 square feet.
Laguna
Eleven homes sold in Laguna for an average price of $402,000 after a month and a half on the market. Four 3-bedroom houses under 2000 square feet sold for less than $400,000, while six 4-bedroom houses over 2300 square feet sold for prices over $400K.
The highest price was $460,000, with two houses each selling for that. 10548 Mendocino Lane has over 3000 square feet, while 20331 Cozumel Court notched the same price with under 2600 square feet.
La Costa
Three houses on La Salinas Circle in La Costa sold in 2017 in a fairly tight price range. A 1900 square foot 3-bedroom sold for $370K, while two 2300 square foot 4 bedrooms sold for $405K and $415K. All three sold in 10 days or less.
Harbour Springs
Rounding out the single family homes in Mission Bay is Harbour Springs. Six homes sold on Harbour Springs Circle and Baybreeze Way with prices from $360K (1900 square foot 3-bedroom) to $412K (2700 square foot 4-bedroom). Also above $400K were two 2900 square foot houses. On average they took over two months to sell, with one home taking well over a year.
Townhomes
Townhome prices are up significantly from a couple years ago. In 2015 multiple townhomes sold for under $200K, and the highest price was $286,000. The lowest price for 2017 was $255K, and the top was $315K.
Las Flores
The Las Flores townhome subdivision saw three home sales. All three were between 1600 and 1800 square feet, with prices of $276K, $281K and $315K. All three sold in less than a month.
Reflections
Seven townhouses sold in Reflections with two smaller models going for $255K. The top price of $305,000 was a 2-bedroom with nearly 1700 square feet. The average unit sold in just over three weeks.
Stonebridge Homes Sold 2017
10666 Stonebridge Blvd sold for $410,000 in March.
Stonebridge Country Club is a golf course community of 398 homes on the west side of US-441 north of Clint Moore. 23 homes sold in 2017 with prices ranging from just over $100,000 up to $495,000. The average price for 2017 was $311,500, a substantial drop from the 2016 average of $351,000. Communities with mandatory golf membership often face a challenging market for home prices and that doesn’t appear to be getting easier.
The average price in dollars per square foot was just over $100, well below the $180 or more that we typically see in West Boca gated communities. Ten of the transactions were for less than $100 per square foot and only two were over $130/sq.ft. The average home took just under four months to sell.
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10264 Spyglass Way was the lowest price and really an outlier at $102,500 for a 2600 square foot house with 3 bedrooms. It appears to have been a desperate sale by the estate of a deceased owner, likely after bringing in some Deceased estate rubbish removals to help clean the place out. All other homes sold for $180K or higher including two “REO” homes for just under $200K.
On the bright side five homes sold for over $400,000 including two at $495,000. 10499 Stonebridge Blvd sold for $495K with 5 bedrooms and 5 1/2 baths in nearly 4000 square feet. The smaller 10241 Shireoaks Lane also sold for $495K with 4 bedrooms and 3 1/2 baths in 3400 square feet. The top price in 2016 was only $482,500 so there’s some hope for homes at the higher end.
We’re getting an early start on our annual reports so it’s possible there will be one or two more transactions closed by the end of 2017.
Boca Greens Homes Sold 2017
Just under 50 homes were sold in Boca Greens for the year 2017. Prices ranged from $255,000 for a small two-bedroom up to $650,000 for a three bedroom model with 3000 square feet. Both of these were outliers as 43 of the 47 transactions were in the $300K to $500K range.
Want help buying or selling a home in Boca Greens? Contact Warren at 888-733-5299 or submit the form below:
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The average sold home stayed on the market for more than three months, which hints that the market may be softening. Average price per square foot was $195 and the average sale price was nearly $420,000, both up from the 2016 numbers for Boca Greens.
Back Nine Drive had the most transactions – 10 of them – including the two lowest prices at $255K (mentioned above) and $260K for a 1400 square foot 3 bedroom coming out of a foreclosure. The top price on Back Nine Drive was $460,000 for a 3-bedroom with 2300 square feet with renovations in the kitchen and bathrooms and a brand new roof.
The highest prices were on Canoebrook Circle. Out of the nine transactions, six were for over $440K including the $650K monster, which took two listings and nearly ten months to sell.
Please this report is from a week before the end of the year, so there may be one or two more deals we missed.