Boca Raton Real Estate Market
Posted by Caesar Parisi on Monday, April 30th, 2012 at 4:54am.
Boca Raton, Florida has something to offer any prospective homebuyer with an eye for luxury. You'll find gorgeous waterfront property, dozens of exclusive and well kept communities, an excellent array of schools at all educational levels, and much more. You deserve the best, and in the following paragraphs I'm going to tell you why I believe you will find the best in the coastal city of Boca Raton.
What Sets Boca Raton Apart?
I believe the most distinctive feature of Boca Raton is that no matter what level of luxury you're seeking, you can find something both secluded and prestigious at your level. There are gated communities for families of every budget-level, and while some are certainly nicer than others (and thus more expensive), they all fit the definition of luxury. You'll be hardpressed to find a home or condo that's not within 15 minutes of a of a beach, and that's just plain hard to beat.
For the family looking for privacy, safety and comfort there are one and two-story homes, family oriented country clubs, gated communities, 'normal' neighborhoods and just about everything inbetween, and at a wide array of prices. Which brings me to...
What's the Boca Raton Real Estate Market Like?
Right now, as in the rest of the US, Boca Raton is experiencing a buyer's market. This is great news for you! Both property value and interest rates are at an all-time low, which means anything you buy now, should be a great deal. In fact, it's not uncommon for property in Boca Raton to sell for the same price that it did 10 years ago! If you buy a home or condo now and enjoy it for a few years until the housing market recovers, you'll likely be able to resell it for a nice profit.
Range of Property Value?
Well, looking at the available data from the Boca Raton real estate market, the average median sale price is right around $150K. However, if you browse through listings you will see everything from $100K to well over $10M. For example, there are multiple exclusive subdivisions in Boca Raton of just 10 – 15 custom estates each, and generally those properties are all over $5M. However, there are other subdivisions and communities that are a little less exclusive, and that's where you'll find the wider range of prices.
All in all, Boca Raton is an excellent place to find your next home. Whether you're looking to add to your investment portfolio or to give your family the luxurious lifestyle they deserve, there's a home or condo waiting in Boca Raton that will make you extremely happy.
NOTICE: Champagne & Parisi is no longer affiliated with Lang Realty. Any references to Lang Realty or LangRealty.com in blog posts reflect historical fact as of the date of the blog posting and should not be construed to suggest a current affiliation.