If you are thinking of selling your Boca Raton home or in the market to buy a house in Boca Raton or the surrounding South Florida area, it is important to understand the current market. The posts are designed to keep home sellers and home buyers in the are informed.
Home prices in the US increased by almost 5.0% in March 2015 over March 2014, according to the Case Shiller Home Price Index; this is indicated by the 10- City Composite and the 20- City Composite.
South Florida home prices increased by 8.7% in March 2015 over March 2014, according to Case Shiller Index.
On a sequential basis, the South Florida market home price increased by 1.0%, approximately 10 basis points better than the US as indicated by the Case Shiller 10- and 20- City Composite.
According the Case Shiller Index, home prices are back to autumn 2004 prices. When measuring from the June/July 2006 peak, the US market declined by about 15% to 16%, according to Case Shiller. The Index also indicates a recovery in US home prices of about 30% to 31% from the March 2012 low.
If you are interested in selling your home in the Boca Raton area, now may be a good time to get the highest sales price.
Other areas of interest:
| Mar-15 | Monthly | Sequential | Annual |
| Metropolitan Area | Level | Change | Change |
| Boston | 176.14 | 0.40% | 4.60% |
| Chicago | 127.77 | 0.90% | 3.40% |
| Miami | 196.77 | 1.00% | 8.70% |
| Minneapolis | 141.27 | 0.90% | 3.00% |
| New York | 175.12 | -0.10% | 2.70% |
| Tampa | 167.36 | 1.40% | 8.10% |
| Composite 10 | 190.04 | 0.80% | 4.70% |
| Composite 20 | 175.2 | 0.90% | 5.00% |
| Source: | |||
| S&P Indices | |||
| Firserv |
I take an analytical approach to buying, selling and leasing real estate. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
No comments:
Post a Comment