Tuesday, February 21, 2017

I found all this information on Zillow or the MLS. I am passing it along because I am often questioned why property value is very high. I think one of the biggest factors is the price of a build-able lot. Also the house plans and impact fees add considerably and this is all before the material and labor cost.

$336,400
$328,800
$263,000
$222,000
$202,600
$152,400
$132,100
$103,500
$74,900

The median home value in Boca Raton is $319,700. Boca Raton home values have gone up 7.6% over the past year and Zillow predicts they will rise 1.4% within the next year. The median list price per square foot in Boca Raton is $197, which is lower than the Miami-Fort Lauderdale Metro average of $205. 

The median home value in Palm Beach County is $249,500. Palm Beach County home values have gone up 8.7% over the past year and Zillow predicts they will rise 2.0% within the next year. The median list price per square foot in Palm Beach County is $178, which is lower than the Miami-Fort Lauderdale Metro average of $205. The median price of homes currently listed in Palm Beach County is $320,000. The median rent price in Palm Beach County is $1,900, which is the same as the Miami-Fort Lauderdale Metro median of $1,900.
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Palm Beach County is 0.0%, which is higher than the national value of 0.0%. With U.S. home values, having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Palm Beach County homeowners underwater on their mortgage is 0.1%, which is lower than Miami-Fort Lauderdale Metro at 0.1%.


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