Mark report for Madison Green in Royal Palm Beach Florida.Â First thing were to take a look at the current Prices.Â Currently there are 63 properties on the market, thatâ€™s a slight build from the five properties last quarter.Â Â Â We have 13 properties that are under contract marked contingent and then we have 8 properties that are under contract Mark pending.Â Â I often get the question was the difference between pending and contingent, the difference is this, with contingent properties there are still some contingencies left in the contract that need be fulfilled common types are appraisals and inspections and once those contingencies have been fulfilled it should go pending.Â So pending is further along in the sales process and closer to the closing table.Â That leaves 42 properties that are on the market and currently available.
Â Of those 42 Homes that are available, 16 properties that are traditional sales, 24 properties that are short sales and two properties that are bank or corporate owned.Â Â I was in a bank foreclosure about a week ago in Madison Green in Royal Palm Beach FL.Â Nice home with little over 2400 living sqft had a nice big pool and a beautifully upgraded kitchen, needed some work and also had some road noise but it was listed low at $219,000.Â Â It's already under contract, lasted 2 weeks on the market.
Â Let's take a look at the prices for Madison Green in Royal Palm Beach, on the low-end of the market there's $185,000 for a 4 bedrooms 2.5 baths with 2,003 under air.Â High-end of 499,000 for five bedrooms five and half baths with 4,224 under air and this is the largest model they have in Madison Green.Â The median price is 289,700 for four bedrooms three Baths with 2,936 under air.Â From the last Mark report these numbers are pretty much unchanged.Â Â Number of sold properties in the last three months stayed at 12 properties.Â Â The average size was four bedrooms three baths with 2,900 living square feet and the average sales price was $90 per square foot.Â This is a decrease from last quarter and this is the most noticeable decrease in the market report for Madison Green.Â Â Last quarter it was $98 a square foot which is little high, simular communities are hovering around $90 a square foot.
Madison Green is a little further out west so you feel like you're away from everything but you're still just about 15 min. away from the mall and everything else that you would want.Â Â There's a golf course within the community.Â The golf course is public so the public is paying for the golf course and not you as a homeowner, which helps keep the HOA fees very reasonable.Â Madison Green has beautiful amenities with some of the lowest HOA fees around. Â The average days on market came in about 143 no big difference quarter over quarter.Â Hope you enjoyed this market report for Madison Green in Royal Palm Beach you can contact me at my website@buyingPalmBeachhomes.com.