Market Conditions in 33432>Question Details

Dominique, Home Buyer in

can you tell me what the avg sold price per sq ft for 3 br condos was in downtown boca raton in 2004,?

Asked by Dominique, Tue Dec 18, 2007

possibly 10/2004-12/2004?

thank you!

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7
Hi Dominique,

I have access to the MLS. And I am a Realtor in Florida.

If you are doing a Forensic Check on the prices, I would be happy to help you with the research. It would be like doing a retroactive CMA

There will be a cost. And it will take a lot of time, depending on what you were looking for.

You would have to be there with me for a couple of hours at the beginning, defining all the parameters, for example, where is downtown by streets, the size of the condos in square feet that have 3 bedrooms that are in question, new Condos or existing Condos, how you would like the report to look like (ie: price per square foot in 1st quarter, 2nd, and so forth).

A major problem is, New Home Sales AND Builder's Incentives and Subsidies are usually not recorded on the MLS!!!

And to worsen the problem, New Homes' Purchase Prices that are recorded in the Land Records at the Court House do not include the Builder's Incentives and Closing Cost Assistance, and other Subsidies offered to the Buyers.

In some areas of the United States, the Real Estate Agents have to enter subsidies paid for by the Seller/Builder into the MLS. To date, I haven't seen that as a requirement in Florida.

There is a lot of smoke and mirrors in the numbers that are recorded! And if Builder's were Unscrupulous, they could hide a lot of information (such as more and more Incentives being paid to new home buyers) and put the tax burden on the new home buyers (keeping the prices high and giving more and more to the new home buyers), as well as Drive Up Prices, or keep prices Inflated (in a changing from Seller's Market to Buyer's Market), when actually, they were selling properties for less, or better equiped properties for less (if you keep the sales price the same and give more, ie, $15,000 upgrades for free if you buy today).

You could do a lot of the work yourself utilizing Palm Beach County's Property Appraiser's Public Access System and the other online Government web sites. You can go to the Land Records Section at the Court House as well.

Might I ask why you are asking for this information?

Steven P. Wood, Realtor
Palm Coast Realty, Inc,
12300 Alt. A1A, Suite 209A
Palm Beach Gardens, FL 33410

Direct: 1-800-298-2566

eMail: Steven_P_Wood@msn.com

Web: http://www.homepages.com/StevenWood1
http://stevenwood.rmlsfl.mlxchange.com/
http://stevenwood.point2agent.com/

Office: 1-800-298-2566
Fax: 561-625-0086
Cell: 703-851-6535

I am at Your Service for ALL of Your Real Estate Needs, Specializing in Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!
Web Reference: http://www.ByJoveMyHome.com
0 votes Thank Flag Link Sat Jul 26, 2008
Hi Dominique,

It looks a little funny...

First you say 3 Bedroom Condo (in your initial question),,,,

and then you are asking about a 2 Bedroom with Den,,,,

This is forensics,,,

Do you have a window or a place to hang clothes in the the den?

Just curious,

Steven P. Wood, Realtor
Palm Coast Realty, Inc,
12300 Alt. A1A, Suite 209A
Palm Beach Gardens, FL 33410

Direct: 1-800-298-2566 or 703-851-6535

eMail: Steven_P_Wood@msn.com

Web:
http://www.homepages.com/StevenWood1
http://stevenwood.rmlsfl.mlxchange.com/
http://www.ByJoveMyHome.com/

Office: 1-800-298-2566
Fax: 561-625-0086
Cell: 703-851-6535

I am at Your Service for ALL of Your Real Estate Needs, Specializing in Jupiter, Juno Beach, Tequesta and Palm Beach Gardens !!!
Web Reference: http://www.ByJoveMyHome.com
0 votes Thank Flag Link Sat Jul 26, 2008
it is a 2 BR and a den, no window or closet, sorry- about the error.

BTW, the prices mentioned per sq ft,are they of all sized unit sales? Is there a premium priced on larger units, such as the one I describe?

Also, does Townsend place fit into that criteria as well as Palmetto Place and Boca Grand?

Thank you so much for all your time and efforts!

Thank you again.
0 votes Thank Flag Link Wed Jul 2, 2008
Thank you all for your replies. So a 2430 sq ft 2 story penthouse condo in Downtown Boca with all upgrades, marble, granite, private interior elevator and 2 terraces (2200 a/c sq ft, 2 br + den 3 full bath, at $204 per sq ft, at that time- October 2004- would have been a bargain?

Thank you, again!
0 votes Thank Flag Link Tue Jul 1, 2008
Dominique,

I know this is late but hobefully it's still relevant to you. There were 80 Condo's that closed in zip code 33432 in Oct, Nov, Dec 2004 if you average the price per square foot for those three months it comes to $300.33 per ft.

The above information comes from Trend Graphics. If you'd like me to e mail a report to you it would be my pleasure.
0 votes Thank Flag Link Thu Apr 17, 2008
Dominique,
The average price for new construction at Palmetto Place at the end of 2004 was approximately $380 sq ft and for Boca Grand approximately $322 sq ft. Hope this information will help.
Please don't hesitate to contact me if you are in need of additional information or a good local Realtor.
Manny Reynaldo,PA,CIPS,TRC
Prudential Florida WCI Realty
561 703 6311
Mreynaldo@2bocahomes.com
Web Reference: http://www.2bocahomes.com
0 votes Thank Flag Link Tue Dec 18, 2007
You would need to find a realtor to help you with this. They should be able to access this information in MLS.
0 votes Thank Flag Link Tue Dec 18, 2007
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