Market report for the Valencias July 2023 shows closed sales in each of the Valencias in Delray Beach, Boynton Beach and Lake Worth, Florida. Read what went on in each Valencia community in Boynton Beach, Delray Beach and Lake Worth.
We have seen a slowdown, a shift, in the past few months from a strong seller’s market to a more balanced market. There has also been an increase in inventory in some of the Valencias. More inventory means more choices for buyers, more sales with contingencies and fewer, if any, multiple offers. Days on market has increased.
Read what went on in each Valencia community in Boynton Beach, Delray Beach and Lake Worth. Sales vary by community depending on the particular model, condition of the home, as well as inventory in the community. Many homes are still selling for close to asking or even above asking price.
WHAT ARE THE VALENCIAS
Located in south Palm Beach County, FL, the Valencias are upscale, pet-friendly 55+ gated communities. Each community has a state-of-the-art fitness center, grand clubhouse with pools, social halls, card rooms, cafes for breakfast and lunch, social events, billiards, tennis, pickle ball, clubs, arts and crafts, and an active lifestyle geared towards today’s baby boomers. You can be as busy as you want or not. It’s like camp for adults!
Market Report for the Valencia Communities for July 2023
This market report for the Valencias includes the 55+ gated communities in Delray Beach, Boynton Beach and Lake Worth which include: Valencia Lakes, Valencia Isles, Valencia Shores, Valencia Falls, Valencia Palms, Valencia Pointe, Valencia Reserve, Valencia Cove, Valencia Bay, Valencia Sound and Valencia Grand. There are currently 11 Valencia communities in our area of south Florida.
Harvard Business Review says Having a Dog Can Save Your Heart – Literally – and I agree! So it’s a good thing the Valencias are 55+ pet friendly gated communities in Delray Beach,
Boynton Beach and Lake Worth, Florida
Caution: If you think you may have a breed-restricted dog or a few pets, check the particular Valencia you’re interested in first. Do your due diligence. Don’t rely on what someone told you or what the listings say. Listings are often wrong. Find out from the source. Because while the Valencias are pet-friendly, they may not be pet friendly to all breeds and number of pets.
Same thing goes for fences. If you plan to fence your yard without a pool, find out if the community allows it.
WHICH VALENCIA TO GO TO
The past year has been a complex one in real estate. There has been very low inventory and prices have gone up. Although the market has softened, prices are still up. Inventory varies from one Valencia to another. The older Valencias have more homes for sale than the new ones. Makes sense – it’s the cycle of life. Days on market are up too. Read on and you will see.
Prices also vary from one community to another.. Lower priced homes can be found in the older Valencias (well, not that old!) and they go way up in the newer homes. You can still get a good deal if you’re not looking for new and willing to do some work, in my opinion. If you’re willing to take a resale versus new, you will do much better on price, taxes and probably location, too. Some of the houses in the older Valencias are barely 10-15 years old.
SHOULD YOU GO DIRECT TO THE BUILDER
Prices have gone up considerably the past several years, especially in new construction. You’re looking at close to a million dollars as a starting point to build a new home in this area. But there are a lot of great resale homes in other Valencia communities. Remember, we have 11! You need a great Valencia Real Estate agent to help you find the best deals – someone who is on your side, not the builder’s side or who is working for the seller to get them the highest price possible.
Don’t make the mistake of going directly to the builder or listing agent alone. Always take a buyer’s agent with you. Reason? Builders’ sales people don’t care which community you buy in or what lot you buy. They’re not going to tell you about traffic and noise or the lot, but an honest buyer’s agent will. Ask me about it!
And listing agents have a contract and a fiduciary responsibility to the seller to get them the highest price possible. So how does that benefit you as a buyer? Simple. It doesn’t. Yes, they can help you and they’re more than willing to. Why? Because it allows them to collect a double commission without working for you, the buyer. Sure, they’ll write up the contract but they’re not working for you. They’re working for the seller. Remember that. Make sense now?
If you think about it: How can they get you, the buyer, the best deal? The answer is simple: They can’t. Caveat Emptor! Buyer Beware!
SO WHAT HAPPENED IN THE VALENCIA COMMUNITIES IN JULY 2023
There are currently 53 homes for sale in the Valencias and 47 homes under contract. That’s not a lot of inventory! Let’s see how it breaks down by community.
7913 Sea Point Way Lake Worth, Florida
3 Beds 2 Baths 1,846 SqFt
12491 Laguna Valley Ter Terrace Boynton Beach, Florida
4 Beds 3 Baths 2,379 SqFt
6594 Hawaiian Avenue Boynton Beach, Florida
3 Beds 2 Baths 1,897 SqFt
8727 Carmel Mountain Way Boynton Beach, Florida
3 Beds 2 Baths 1,526 SqFt
View All Homes for Sale in the Valencias
Market Report for the Valencias forJuly breaks down like this:
MARKET REPORT FOR VALENCIA LAKES
Valencia Lakes had 4 homes that closed in July. Average list price of the houses was $ 523,600. Average sold price for the homes was $ 517,500. Houses are selling for an average of .99% of asking price. Selling price ranged from .96% or asking price to 1.02% – over asking price.
Average days on market was 72.
There are currently 6 homes for sale in Valencia Lakes, and 3 homes are under contract.
7689 Las Cruces Court Boynton Beach, Florida
3 Beds 2 Baths 1,858 SqFt
7904 San Isidro Street Boynton Beach, Florida
3 Beds 2 Baths 1,779 SqFt
11889 Manzano Avenue Boynton Beach, Florida
2 Beds 2 Baths 1,852 SqFt
11280 Felice Circle Boynton Beach, Florida
3 Beds 2 Baths 2,081 SqFt
View All Homes for Sale in Valencia Lakes
MARKET REPORT FOR VALENCIA ISLES
Valencia Isles had 3 homes that closed in July. Average list price of houses was $ 787,730. Average sold price for the homes was $ 768,127. Houses are selling for an average of 98% of asking price Homes closed between 91% and 1.02% over asking price in Valencia Isles in July.
Average days on market was 49.
There are currently 7 homes for sale in Valencia Isles, and 6 homes are under contract.
6594 Hawaiian Avenue Boynton Beach, Florida
3 Beds 2 Baths 1,897 SqFt
7364 Tonga Court Boynton Beach, Florida
3 Beds 2 Baths 2,081 SqFt
6552 Malta Drive Boynton Beach, Florida
3 Beds 2 Baths 1,897 SqFt
6711 Malta Drive Boynton Beach, Florida
3 Beds 3 Baths 2,249 SqFt
View All Homes for Sale in Valencia Isles
MARKET REPORT FOR VALENCIA SHORES
Valencia Shores had 5 homes that closed in July. Average list price of the homes was $ 736,380. Average sold price for the homes was $ 707,600. Houses are selling for an average of .96% of asking price. They ranged between .91% and 1.02% – over asking price.
Average days on market was 99. That’s up considerably from November.
There are currently 10 homes for sale in Valencia Shores, and 7 homes are under contract.
7913 Sea Point Way Lake Worth, Florida
3 Beds 2 Baths 1,846 SqFt
7834 Vista Palms Way 7834 Lake Worth, Florida
3 Beds 2 Baths 2,099 SqFt
7557 Lake Harbor Terrace Lake Worth, Florida
3 Beds 2 Baths 1,807 SqFt
7833 Ocean Reef Terrace Lake Worth, Florida
3 Beds 2 Baths 1,807 SqFt
View All Homes for Sale in Valencia Shores
MARKET REPORT FOR VALENCIA FALLS
Valencia Falls had 3 homes that closed in July. Average list price of the homes was $ 729,600. Average sold price for the homes was $ 719,967. Houses in Valencia Falls sold for an average of .99% of asking price across. They ranged between .98% and 1.00% – asking price..
Average days on market was 41.
There are currently 2 homes for sale in Valencia Falls, and 2 homes are under contract.
7415 W Mercada Way Delray Beach, Florida
3 Beds 2 Baths 1,765 SqFt
13594 Morocca Lake Lane Delray Beach, Florida
3 Beds 2 Baths 2,099 SqFt
7476 W Mercada Way Delray Beach, Florida
3 Beds 3 Baths 1,765 SqFt
7106 Avila Terrace Way Delray Beach, Florida
3 Beds 2 Baths 1,707 SqFt
View All Homes for Sale in Valencia Falls
MARKET REPORT FOR VALENCIA PALMS
Valencia Palms had 3 homes that closed in July. Average listing price of the homes was $ 746,333. Average sold price for the homes was $ 728,333, 97% of asking price. They ranged from .92% to 1.01% – over asking price.
Average days on market 41.
There are currently 7 homes for sale in Valencia Palms and 3 home are under contract.
13144 Aliso Beach Drive Delray Beach, Florida
3 Beds 2 Baths 2,118 SqFt
13506 Shell Beach Court Delray Beach, Florida
4 Beds 3 Baths 2,756 SqFt
7493 Carmela Way Delray Beach, Florida
3 Beds 3 Baths 2,551 SqFt
6560 Hermosa Beach Lane Delray Beach, Florida
3 Beds 2 Baths 1,836 SqFt
View All Homes for Sale in Valencia Palms
MARKET REPORT FOR VALENCIA POINTE
Valencia Pointe had 2 homes that closed in July. Average list price of the homes was $ 532,500. Average sold price of the homes was $ 520,000, 98% of asking price. They ranged .98% across the board.
Average days on market was 44.
There are currently 2 homes for sale in Valencia Pointe, and 2 homes are under contract.
7413 Forest Park Way Boynton Beach, Florida
3 Beds 2 Baths 1,782 SqFt
7136 Corning Circle Boynton Beach, Florida
3 Beds 3 Baths 2,734 SqFt
6782 Hillsdale Point Boynton Beach, Florida
3 Beds 2 Baths 1,615 SqFt
7228 Twin Falls Drive Boynton Beach, Florida
3 Beds 3 Baths 2,309 SqFt
View All Homes for Sale in Valencia Pointe
MARKET REPORT FOR VALENCIA RESERVE
Valencia Reserve had 2 homes that closed in July. Average list price homes was listed at $ 774,450. Average sold price of the homes was $ 759,500, 98% of asking price. They ranged from .96% to 1.00% – asking price.
Average days on market was 37.
There are currently 2 homes for sale in Valencia Reserve, and 2 homes are under contract.
10570 Stone Garden Drive Boynton Beach, Florida
3 Beds 2 Baths 1,782 SqFt
9105 Meridian View Isle Boynton Beach, Florida
3 Beds 3 Baths 2,350 SqFt
10576 Whitewind Cir Boynton Beach, Florida
3 Beds 3 Baths 2,744 SqFt
9612 Hunterston Drive Boynton Beach, Florida
3 Beds 3 Baths 2,210 SqFt
View All Homes for Sale in Valencia Reserve
MARKET REPORT FOR VALENCIA COVE
Valencia Cove had 3 homes that closed in July. Average list price of the homes was $ 996,333. Average sold price of the homes was $ 958,000. Homes sold for an average .97% of asking price. They ranged from .93% to 1.00% – asking price.
Average days on market was 68.
There are currently 9 homes for sale in Valencia Cove, and 9 homes are under contract.
12491 Laguna Valley Ter Terrace Boynton Beach, Florida
4 Beds 3 Baths 2,379 SqFt
8727 Carmel Mountain Way Boynton Beach, Florida
3 Beds 2 Baths 1,526 SqFt
8273 Razorback Court Boynton Beach, Florida
3 Beds 4 Baths 2,874 SqFt
8318 Cameron Cave Drive Boynton Beach, Florida
4 Beds 3 Baths 2,937 SqFt
View All Homes for Sale in Valencia Cove
MARKET REPORT FOR VALENCIA BAY
Valencia Bay had 2 homes that closed in July. The average list price of the homes was listed at $ 937,500. The average sold price was $ 910,000.
Houses sold for .97% of asking price in Valencia Bay in July..
Average days on market was 35.
There are currently 6 homes for sale in Valencia Bay, and no homes are under contract
12615 Bonnington Range Drive Boynton Beach, Florida
3 Beds 3 Baths 2,258 SqFt
12536 Crested Butte Avenue Boynton Beach, Florida
3 Beds 3 Baths 1,846 SqFt
View All Homes for Sale in Valencia Bay
MARKET REPORT FOR VALENCIA SOUND
Valencia Sound had 3 homes that closed in July. Average list price of the homes was $ 1,261,633.. Average sold price of the homes was $ 1,238,300.
Average homes sold for .98% of asking price. The range in Valencia Sound was between .96% and 1.00% – asking price.
Average days on market was 45.
Currently, there is 1 home for sale in Valencia Sound, and 12 homes are under contract.
12611 Blue Seagrass Mnr Boynton Beach, Florida
2 Beds 2 Baths 1,685 SqFt
12784 Veneto Springs Drive Boynton Beach, Florida
4 Beds 5 Baths 3,182 SqFt
9319 Silver Shores Lane Boynton Beach, Florida
2 Beds 2 Baths 1,783 SqFt
View All Homes for Sale in Valencia Sound
MARKET REPORT FOR VALENCIA GRAND
Valencia Grand had no homes that closed in July. There are two homes listed for sale. The average price of the homes listed was $ 1,740,400.
Average days on market so far is 43, as of this date.
There is currently 1 home for sale in Valencia Grand, and 1 home is under contract
$2,495,000
Active
10925 Glen Orchard Lane
Boynton Beach,
Florida
4 Beds
4 Baths
3,465 SqFt
$1,124,900
Active
9291 Mountain Pine Grove
Boynton Beach,
Florida
2 Beds
3 Baths
2,227 SqFt
10925 Glen Orchard Lane Boynton Beach, Florida
4 Beds 4 Baths 3,465 SqFt
9291 Mountain Pine Grove Boynton Beach, Florida
2 Beds 3 Baths 2,227 SqFt
Homes for Sale in Valencia Grand
NEW CONSTRUCTION
The market has picked up again in new construction. With higher interest rates, some builders are offering incentives on their rates. And in this area of south Florida, there are very few new construction homes, 55+ or otherwise, simply because we are almost out of land. Builders are back. Some people prefer new construction.
SHOULD YOU GO DIRECTLY TO THE BUILDER?
Should you go directly to the builder? NO! Taking a buyer’s agent with you costs you nothing and they have experience in things you may not be aware of. A real buyer’s agent – not someone who claims to be. I can help you with new construction as well as resales in any of the Valencia communities.
You need someone on YOUR side. The builder is not on your side. The nice sales people in the office are not on your side – they are there to sell houses. Neither is the listing agent on the sign on your side. Take a few moments and read that article.
Builders do NOT negotiate on the price of homes. So why not take someone with you who can help you, the buyer?
Things to Think About
After reading this edition of the Market Report for the Valencias, there are some things to consider if you’re planning to build a house. I’ve built two homes, but times are different today. We weren’t dealing with supply chain issues, as we are today. In my opinion, while building a house is nice, it’s also nice to know when it will be done and what the final cost will be. With a resale – even if it is just a few years old, it’s something tangible. You can see it, feel it and touch it. You know what you’re getting. Make sense? Some people only want new, and that’s fine. Just know upfront what you’re getting involved in.
Quick delivery is an option with builders. That means the house is either ready to be sold now or it will be soon. Permits have been done, the house is in some soon-to-be-completed stage and the builder wants it sold. This is a good option as you know what you’re getting.
And for my pet lovers, if you have a certain breed of dog, check which Valencia will accept your furry friend Same thing goes for number of pets you may have and fences. Buyer Beware! Not every Valencia may be dog friendly to your specific breed of dog or two or three. Some have changed their pet restrictions through the years. And not all Valencias allow fences.
Have a question? Go on! Ask Me!
Please feel free to reach out to me at (561) 716-7824 so we can talk about your personal housing needs and questions you may have about the housing market. We’ll also discuss how local market conditions can affect your buying and selling needs and plans. Then we will create a strategy to buy and/or sell your Valencia home.
For more information about 55+ pet-friendly housing in Boca Raton, Delray Beach, Highland Beach, Boynton Beach or Boca Raton real estate market, please contact me.
I can be reached at (561) 716-7824, by text or email at Elyse@ElyseBerman.com.
Related Dog and Pet friendly articles:
- 9 Best Pet Friendly 55+ Communities in Delray, Boynton Beach FL
- Pet friendly condos in Boca Raton and Highland Beach
- Pet friendly gated communities in Boca Raton
- Pet friendly 55+ Active Adult Communities in Delray Beach
- Must See 55+ Villas in Boynton Beach, Florida
Real estate market data for the Market Report for the Valencias in Delray Beach, Boynton Beach and Lake Worth, FL provided by Elyse Berman of LoKation Real Estate All information was obtained from the Multiple Listing Service and sold by various MLS participants. The information is not guaranteed or warranted.