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.
Alex Bejarano
Dunhill 100 LLC
Direct: 561-945-3854
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