Home Sales Report in Highland Beach | Sept 2019 Market Report
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Highland Beach FL Real estate market report for September showed a slower month of sales. The number of listings remained pretty steady in September. Condo prices showed an increase and no single family homes were sold. Days on market remained pretty much the same.
With the new tax laws up north, we have more and more coming to live in south Florida full time. Of course, we still have snowbirds and snowflakes who come for our beautiful weather and fabulous beaches for the winters only.
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.
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.
Some sellers are sitting tight while there are still deals to be had. Contact me to find the best deals.
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, varying by community.
CONDO SALES IN HIGHLAND BEACH FL
Active Highland Beach FL Condos For Sale
Highland Beach real estate market report showed as of September 30, 2019, there were 163 condos for sale. That’s less than than last 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 September was $ 6,700,000 and the lowest was $ 274,900.
No, that isn’t a mistake. You read it right. There are a wide variety of housing options in this small exclusive enclave. Highland Beach has oceanfront houses, Intracoastal houses to condos in buildings as well as 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 6.300. While these two properties are at complete opposite ends of the spectrum, the average condo for sale in Highland Beach in September 2019 was listed at $ 989,718 and had 1900 square feet. Listing prices remained steady from last month.
Note: Included in condos are townhouses and villas.
Active Highland Beach FL Single Family Homes For Sale
As of September 30, 2019, there were 19 single family homes for sale in Highland Beach. That’s the same as last month, but still a lot of homes considering how small Highland Beach really is.
The highest-priced listing currently available in September 2019 was $ 22,500,000 and the lowest priced was $ 1,399,000.
Square footage of the available homes in Highland Beach ranged from 1998 to 12,224. That’s quite a range, but the average home for sale in Highland Beach in September 2019 was listed at $ 7,193,579 and had 5,705 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 September 2019, there were 3 Pending Sales in Highland Beach.
Pending Highland Beach Single Family Homes
In September 2019, there were no pending sales of single family homes in Highland Beach. Included in this are houses under contract, in backup status and pending waiting to close.
Closed Sales Highland Beach Condos
In September 2019, there were 14 closed sales of condos, villas and townhouses in Highland Beach, FL. That’s more than double the previous month. The average sale price for these homes was $ 672,557 indicating a decrease from last month. They took an average of 114 days to sell.
The days on market decreased slightly 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 or just a few months ago. With decreased inventory and low mortgage rates, don’t let your home 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 $ 2,300,000. The lowest priced sale was $ 265,000.
Closed Sales Highland Beach Single Family Homes
In September 2019, there were no closed sales of single family homes in Highland Beach, FL.
Again, a reminder to sellers – price your property 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, let it sit and become an old listing.
What can Highland Beach FL Residents Expect Regarding Real Estate In The Coming Months?
The Highland Beach real estate market remains steady. Buyers are out there, but they’re more savvy. Sellers need to be aware 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
- Boca Raton FL Real Estate Market Report | Sept 2019
- Delray Beach FL Real Estate Market Report | Sept 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