I live and work in the West Boynton Beach area and have found that there is a shortage of available homes over $300,000 which are priced according to current market conditions. Â In any given area you'll see about 30 - 40 homes listed. Â Out of that, about half are still over-priced, another 10 -15 are short sales under contract, and the other one or two are foreclosures under contract. Â Buyers are "grabbing up" homes as soon as they go live on the market. Â There are still a lot of foreclosures in Boynton Beach
which will come to the market in 2010, keeping prices somewhat level with only a slight uptick in value. Â Those properties that are over-priced will need to re-evaluate their position to get the property sold. Â Some of the best communities are located here, including the newer Equus, Canyon Lakes, Canyon Isles, Canyon Springs, and Cobblestone Creek - all communities which will begin building new homes in 2010 as well as offer a high percentage of short sales and foreclosures.
I still believe that foreclosures in Florida are still the best value for your money. Â I work exclusively with foreclosures and REOs and receive direct listings from the banks and asset companies. Â Contact and work directly with an REO Broker to get your foot "in the door" for available properties.Â Todd Kevitch, BrokerBPO Realty LLCBoynton Beach, FL email@example.com