Current Housing Market around Commons Park (The Willows)

The neighborhood surrounding Commons Park in Royal Palm is known as The Willows. Homes in The Willows were constructed in the 1970s and vary in size, most of the homes have 3-4 bedrooms and 2-3 bathrooms.

The housing market in The Willows is relatively healthy as there is currently 3 homes for sale, with 2 of those homes just going on the market less than 8 days ago. The typical price range over the last 6 months in The Willows has steadily been between $260K & $350K depending on renovations done to the home.  With that said, there was a home that sold in May at $400,000, this home was first listed at $449,900 over 7 months and had already fallen through on selling once, according to MLS records the home was purchased with a conventional loan meaning an appraisal was performed. The sales price of $400,000 is currently seen as an outlier.

When considering selling your home, the obvious question is “how much can I sell my home for?” The answer is subjective, ask 5 different real estate agents and you will get 5 different answers. The goal of figuring out how much you want to list your home is finding that “sweet” range. The highest point in this range is the most you will be able to sell your home in a reasonable amount of time and have no issues with an appraisal if the buyer will be financing the home, the lowest point in the range is the rock bottom reasonable value that your home is worth.

The Willows has one of the better locations as it surrounds Royal Palm’s biggest park, the homes that are at the edge of the park will usually be valued a bit higher as this is more desirable to buyers. The biggest factor that I have seen in The Willows when it comes to pricing your home is the renovations. Renovating the kitchen and bathrooms and the flooring will substantially increase your home in this neighborhood from a price of high $200K’s to the Mid $300K’s.

If you are interested in finding out what your home is worth, Please give Alex Bejarano a call At (561)945-3854. 

Wellington FL Current Housing Market

Find out exactly what is going on year-over-year in the Wellington, FL housing market.

Many of us always want to be informed before making a big decision, like selling your home. The problem that we all have is, we just don’t have time to research. We rely on a real estate agent to give us an idea on what your home will go for in the current market. Hopefully the below information will help you get a better idea on what the Wellington market is doing and how it has changed from just the last 12 months.

In April 2019, the median sales price in Wellington was $456,250 for a single-family home compared to $440,000 in April of 2018. That is an increase of 3.7% in the median sales price year-over-year. Where we see the larges increase in median sales price year-over-year is with townhomes and condos, in April the median sales price was $260,000 compared to a year ago which was at $224,750. That is an increase of 15.7%! The steady increase in home prices indicates that the market is still progressing and the time is right to place your home on the market if you are on the fence.

As for inventory on single family homes in Wellington, there were 147 new listings, 91 listings under contract, and 98 SFH closed in the month of April. Inventory on townhomes and condos is a lot smaller considering the majority of Wellington is single family homes. In April, there were 39 new listings, 33 were under contract, and 31 were closed. Another big thing to point out is that the time to contract on the townhomes and condos has dropped 26.1% since the same time last year.

If you are interested in finding out what your home is worth, Please give Alex Bejarano a call At (561)945-3854. 

Why Live in Royal Palm Beach

When we think of the western communities in Palm Beach County we often overlook Royal Palm Beach. The Village of Royal Palm Beach is located just north of Wellington and West of West Palm Beach. Although it is considered a quiet place year round, don’t let that fool you as Royal Palm has its share of entertainment for all ages.

There are currently 20 public parks within Royal Palm that allow its residents to enjoy the outdoors. Some of these parks extend beyond the usual baseball fields, basketball courts, and soccer fields that most parks have. Commons Park which is centrally located off Royal Palm Beach Boulevard, for example, gives you an array of outdoor activities such as fishing, kayaking, frisbee golf, dog park, and a driving range to improve your golf game. In the summer, you might want to make your way over to Seminole Palms Park to keep cool at Calypso Bay Waterpark.

 As much as Royal Palm might have a small town feel it contains a plethora of shopping in and around it. Major retailers such as Target, Walmart, and Costco are well within a 5-10 minute drive from any part of Royal Palm. If food & drinks are more your thing, feel free to try the latest craft beer at Royal Palm Brewing Company along with their delicious version of the Cuban Sandwich (my favorite).

 One of the biggest benefits of Royal Palm is its affordable housing market, with the vast options of condos, townhomes, or single-family homes, Royal Palm provides it all! If New Construction is what you like, look no further than Bella Sera by Lennar Homes currently underway to providing smart homes to Royal Palm Residents. So no matter what you might have thought, Royal Palm will give you the peace and comfort of a small town with the entertainment and shopping of city living.