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[Breaking Out] 2Q 2012 Boca Raton Report


We published our inaugural report on the Boca Raton, Florida sales market for 2Q 2012 [1].   This is part of an evolving market report series I’ve been writing for Douglas Elliman [2] since 1994.

Key Points

Boca Raton, Florida

-All condo price indicators were up year-over-year.
-Condo sales below year ago quarter but second highest sales level in more than 6 years.
-Condos sold two weeks faster that the year ago quarter, taking an average of 158 days.
-Single family price indicators were mixed as the number of sales edged higher.
-Median sales price in luxury market (top 10%) outpaced the overall market.

Here’s an excerpt from the report:

CONDO/TOWNHOUSE Median sales prices was $125,000, its highest level in two years, and up 9.4% from $114,250 in the prior year quarter. Average sales price and price per square foot followed the same pattern. Number of sales were 8.1% below prior year levels, but represented 54.2% of all market sales…

SINGLE FAMILY Median sales price slipped 1.7% to $285,000 from prior year levels, while average sales price increased 1.5% to $518,485 over the same period. Number of sales were 1.5% above prior year levels and represented 45.8% of all market sales….

You can build your own custom data tables [3] on the market – now updated with 2Q 12 data. We’ll be adding a chart library for this market area soon!

The Elliman Report: 2Q 2012 Boca Raton [Miller Samuel [4]]
The Elliman Report: 2Q 2012 Boca Raton [Douglas Elliman [1]]
Aggregated Custom Market Data Tables [Miller Samuel [3]]