Home Sales in Highland Beach FL | July 2019 Market Report
Real estate market report for July showed a mixed bag of sales in Highland Beach, FL. We have become a year-found market in south Florida, with more people moving here full time to escape winters and high taxes. Of course, we still have snowbirds and snowflakes who come for our beautiful weather and fabulous beaches. The number of listings remained pretty steady in July. Condo prices remained showed an increase and the single family homes that were sold were, on average, more than last month. What also decreased was the days on market.
With more homes coming on the market daily, homeowners who want to sell will want to be a bit more flexible now. The market is becoming more balanced with a lack of inventory in certain buildings. Of course, this can and does vary by community, but with increasing inventory, sellers should take notice.
As a pet-friendly real estate agent in Boca Raton, Highland Beach, Delray Beach and surrounding areas, I am getting the word out to buyers who have been waiting and looking. Interest rates are low. Now is the time to take advantage of them. Sellers are aware but still need to realize and price their condos and homes accordingly. Buyers are more educated today.
So, what happened in the Highland Beach real estate market this past month? Let’s check out the details and see if this market is the right one for you to buy or sell!
We’ve had about the same amount of inventory on the market in the past month or so. Buyers have more choices now than they’ve had in years – again, it varies by community.
CONDO SALES IN HIGHLAND BEACH FL
As of July 31, 2019, there were 139 condos for sale in Highland Beach FL. That’s 7 more than the previous month. It may not sound like a lot, but many people don’t realize how small Highland Beach really is. It runs from the Atlantic Ocean to the Intracoastal Waterway nestlled between Boca Raton and Delray Beach, and is just 1.6 miles in total. The highest-priced listing currently available in June was $ 6,700,000 and the lowest was $ 289,800.
No, that isn’t a mistake. You read it right. It’s a wide span. There is a wide variety of options available in Highland Beach from oceanfront and Intracoastal houses to small condos on side streets. There are newer condos and older condos, large condos and small condos. It runs all across the board.
Square footage of the available condos in Highland Beach ranged from 900 square feet to 6.631. While these two properties are at complete opposite ends of the spectrum, the average condo for sale in Highland Beach in July 2019 was listed at $ 1,062,050 and had 2031 square feet. This is significantly higher than last month.
Note: Included in condos are townhouses and villas.
As of July 31, 2019, there were 20 single family homes for sale in Highland Beach. That’s one more than last month, but still a lot of homes considering how small Highland Beach really is.
The highest-priced listing currently available in July 2019 was $ 24,500,000 and the lowest priced was $ 1,399,000.
Square footage of the available homes in Highland Beach ranged from 2,086 to 11,322. That’s quite a range, but the average home for sale in Highland Beach in July 2019 was listed at $ 6,109,900 and had 5,957 square feet.
Pending Highland Beach Condos
Pending Sales include condos, villas and townhouses that are also contingent, backup status (both mean they are under contract but have contingencies waiting to be met) and pending (waiting to close.) In July 2019, there were 5 Pending Sales in Highland Beach.
Pending Highland Beach Single Family Homes
In July 2019, there was one Pending single family home in Highland Beach. Included in this are houses under contract, in backup status and pending waiting to close.
Closed Sales Highland Beach Condos
In July 2019, there were 14 closed sales of condos, villas and townhouses in Highland Beach, FL. That’s 6 less than last month. The average sale price for these homes was $ 629,207 indicating a decrease from last month. They took an average of 127 days to sell.
The days on market decreased this month. This is a reminder to sellers to price their properties correctly for the market we are currently in. The Highland Beach real estate market has changed from the market we were in last year and just a few months ago. With decreased inventory and low mortgage rates, don’t let yours become an old, stale listing. Price it to sell. The sales price to list price ratio last month was 94%.
The most expensive condo in Highland Beach last month sold for $ 1,200,000. The lowest priced sale was $ 335,000.
Closed Sales Highland Beach Single Family Homes
In July 2019, there were 3 closed sales of single family homes in Highland Beach, FL. The average sale price for these homes was $ 5,049,667 and took an average of 225 days to sell.
The days on market decreased slightly this month over last. This is , again, a reminder to sellers to price their properties correctly for the market we are currently in, which has changed from the market we were in just a few months ago or a year ago. Buyers have more homes to see in Highland Beach FL, especially at the high end. Don’t overprice and let yours become an old listing. The sales price to list price ratio last month was 90%.
The three houses sold in Highland Beach last month sold for $ 1,860,000, $ 4,570,000 and $ 7,100,000.
What can Highland Beach FL Residents Expect Regarding Real Estate In The Coming Months?
The Highland Beach real estate market remains steady. Sellers need to be aware of this and price their properties for today’s market, not the market of a year ago or even six months ago.
While this varies by building and community – some communities have more inventory, while others have very little – you need a great agent to explain these facts to get your home sold. Or, in the alternative, if you’re a buyer, you need a great buyer’s agent to do the research for you, especially if you’re looking for a pet-friendly condo in Highland Beach, FL.
A Highland Beach Real Estate Agent You Can Trust
Consumers wanting to know more about homes for sale or any property in Highland Beach, Florida, whether new construction or resales, should call me. I can be reached at 561-716-7824, Cell or Text or by email at Elyse@ElyseBerman.com
A seasoned REALTOR® with a vast knowledge of the local market, Elyse has been in the Boca/Delray/Highland Beach/Boynton area for 25 years. She is a retired Court Stenographer and volunteers her time on the Grievance Committee for the Realtors® of Palm Beach + Greater Fort Lauderdale Realtors®.
This Highland Beach real estate market report was provided by Elyse Berman, PA. Elyse is a licensed residential real estate agent in Boca Raton FL. She works at Lokation Real Estate, Inc.
You can find Elyse on numerous social media networks or via her BuySellHomesBocaRaton Real Estate Blog. She is an active online marketer who loves helping residential real estate consumers, and their furry friends, in Palm Beach and northern Broward County. Note: She loves helping people find homes they love WITHOUT pets too!
More Palm Beach County Real Estate Market Reports
- Delray Beach FL Real Estate Market Report | July 2019
- Boca Raton FL Real Estate Market Report | July 2019
- Delray Beach FL Real Estate Market Report | June 2019
- Boca Raton FL Real Estate Market Report | June 2019
- Highland Beach FL Real Estate Market Report | June 2019
- Boynton Beach FL Real Estate Market Report | June 2019
Disclaimer: The information contained in this blog should not be solely relied upon and should be independently verified by professional sources. The opinions expressed herein are solely mine.
All information is deemed accurate but not guaranteed. All statistical information was obtained from BMLS. Many articles may be time and date sensitive. Please be sure to look at the date it was posted.
No reproduction is permitted without the author’s express permission. All information deemed accurate. All information was taken from Beaches MLS.
Map of Highland Beach