According to the latest report submitted by TREB, the condos in Boynton Beach have led the way in the year over year sales growth across the GTA in June, this year. Condo sales rose drastically to 21.4 percent in the Florida and 16.7 percent in the other regions. Prices also increased to 6.3 percent (with an average of $390,569) and 7.5 percent in other regions (with an average of $309,719).
Boynton Beach Home Sales Continue To Rise
Realtors such as wendycoymanrealty.com say, they are seeing growing potential in the condo market in Boynton Beach, Florida since sales are increasing at a rapid rate. Also, when prices slipped two years ago, many buyers opted to go with condos as the only next best affordable option. Demand for condos has really picked up in the last decade because they offer better and bigger living space at extremely affordable rates. Buying an individual property have become impossible for most people living in cities. One of the main reasons for reduced demand for property is ever-increasing prices of real estate market in Boynton Beach. In such a situation, condominiums seem to have become a popular real estate options for new home buyers. More and more first-time home buyers are opting for this type of real estate options in last one year or so.
They have emerged out as one of the most affordable options for people looking to buy their own property, especially in top-notch cities like Boynton Beach. In addition to this, such kind of real estate options is low maintenance and available without much of a legal hassle.
Ownership of condominiums allow a person to own a specific unit, while having shared ownership for other portions of the property, such as common room, gym centers, hallways, parking, storage basements, and other recreational facility rooms. There is no denying that condominiums are very much in demand due to low price and selecting a good one can be a stressful task. It should be noted that the price plays a major role in initiating any kind of purchase process. Planning a fixed budget and communicating the same to your real estate agent is the key to finding the best property in Boynton Beach.
While June is usually the beginning of the summer slowdown, real estate brokers have given the credit to the long winter for experiencing later than usual demand. This helped pushed up the demand and sales to a great extent, accounting to 15.4 percent in June, and climb of $568,953 for GTA house prices. However, Boynton Beach home sales continue to rise. Semi-detached homes were also quite in demand with an average increase of 16.1 percent in sales and an average of $672,725 in other 416 regions and approximately $448,531 in 905 regions. Detached homes, which earlier had edged dramatically close to $1 million in the spring when high-end homes saw terrible spike in sales, slipped again in June, with an average sale price of $921,127 in Florida and $641,972 in suburban regions. Sales for town houses and row houses also increased to 14.5 per cent across the GTA, with average prices of $485,273 in Boynton Beach and $402,261 in 905 regions.