Price Cuts Low in Riviera Beach Real Estate Market

The Riviera Beach market added another eight transactions over the last 30 days. With 17 price reductions, the lowest amount since last January, the market may be getting more expensive. When comparing other close-by municipalities within the same period, the most came from Baltimore with 626 price reductions. However, a three-week downward trend in pending transactions is expected to come to an end over the coming weeks. The median sales price dropped to $247,250, down from last week's $273,000. With a downward trend in contracts numbers and eight months of inventory still left to work through, Riviera Beach is a definite buyer's market.

Trying to find a home in Riviera Beach that offers sufficient space for your needs? Then check out these listings that have the largest living areas in the market:

$999K   $974K   $765K  

Get started right now by checking out Riviera Beach homes for sale or reviewing Riviera Beach real estate trends.

Demographic facts about Riviera Beach:

  • There are currently 4,817 households in the area.
  • The unemployment rate is 5.8%.
  • Schools spend an average of $5,962 for each student in this area. ($5,691 = national average)

Data reported through 1/11/2017

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