Boca West Realty Market Trends

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2021 Real Estate Market Trends

Posted on: May 5, 2021 | Read Time: 5 minutes

Enviable year-round weather, pristine sandy beaches, and world-renown attractions-it is no secret that Florida is the hot-spot for homebuyers. Exclusively representing homes in the #1 Private Residential Country Club in America, Boca West Realty has seen the market thrive as homebuyers gain a new appreciation for the unparalleled amenities and lifestyle of this one-of-a-kind private club community. Check out some of the notable Boca West real estate market trends to watch this year.

Low Inventory

To say that Boca West is in demand may be an understatement. With only 89 of 3,500 homes on the market, the available inventory is well-below the national average leaving buyers scrambling for this highly sought after private community. When homes do enter the market, they do not remain there for long. The average number of days homes are staying on the market has dropped significantly compared to last year. The increased demand for homes is creating a frenzy for new listings.

Looking for move-in ready homes, but don’t want to wait for a new construction to be completed? Boca West Realty’s Renovator Program is in full swing, and a collection of more than a dozen newly renovated homes are getting ready to hit the market, providing a compelling alternative. New contemporary design, luxury interior finishes, and high-end appliances are available–all at a remarkable pricing. Through this program, buyers can move-in to a fully renovated home in this beautiful private community and begin enjoying the Boca West lifestyle immediately.

Rising Prices

Extremely limited inventory coupled with high demand is resulting in a rise in prices. Through March of this year, the average sale price in Boca West has increased 44% over the same period last year. Those looking to relocate are making quick decisions in order to secure a home as prices continue to rise. Homes are selling within 48 hours of being listed. Savvy buyers know not to hesitate for a desirable location such as Boca West and are trying to capitalize on what little inventory remains sooner rather than later.

Country Club Popularity

As a result of the pandemic, private club communities have become even more desirable to buyers as people realize the importance of security and being close to family. Virtual Happy Hours, educational wine tastings, drive up themed dinner events with live entertainment and/or fitness classes on Facebook Live are just a few of the offerings throughout the last year that allowed members social activity from the comfort of their own homes.

All of this specialized care that can only be found in a private club community as attentive as Boca West has created an awakened interest resulting in a 36% increase in membership compared to last year. An influx of adult children of Boca West members are relocating and becoming members themselves in order to be close to their parents. Boca West’s service-oriented staff, coupled with state of the art outdoor facilities, championship golf, and numerous dining options make for an ideal living environment across generations.

This summer, the $45 million Club Expansion Program continues in an effort to provide the best of the best for Boca West members. Updates include a full renovation of the existing Sports Complex which will allow for several movement studios with state-of-the-art technology for spin, core training, Pilates, and aerobics.

When it comes to private country club living, Boca West Country Club sets the standard of excellence throughout the industry. Boca West Country Club, the nation’s #1 Private Residential Country Club lifestyle, is a mecca for those who want resort-style living with exceptional amenities, off-the-charts service and the privileges that come with country club living. From its four championship golf courses, the 400,000+ sq. ft. of clubhouse, and an endless array of amenities, to a world class 38,000 sq. ft. spa, magnificent 20,000 sq. ft. fitness center, six restaurants, retail boutiques and pro shops, the 30 Har-Tru hydro tennis courts, 8 pickleball courts and aquatics center, Boca West Country Club is a destination like no other.

Boca West is located less than 10 minutes from downtown Boca Raton, a world capital of luxury for its residents and visitors. Known for its spectacular weather, high-class amenities, upscale shopping and dining, championship golf, tennis, the vibrant arts and cultural community, as well as its close proximity to the pristine beaches and Fort Lauderdale Airport, Palm Beach and Boca Raton International Airports, Boca West Country Club offers the best of this location.

Situated on 1,400 acres of lush tropical landscaping, waterways, wooded preserves, as well as being surrounded by four championship 18-hole golf courses, Boca West is home to more than 3,000+ families. There are 55 distinct villages, which are comprised of private estate homes, townhomes, patio homes, villas, garden apartments and single-family homes.

If you are thinking of making a move to South Florida and want to make Boca Raton your next home and be a part of a community that offers the best in luxury, location and amenities, come give us a look. Contact us at Boca West Realty to set up your personal appointment. For more information, call 561.665.5855

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