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Elliman Report: Boca Raton Sales 3Q 2012
CONDO/TOWNHOUSE
Price indicators were mixed, smallest
average square footage in over 6
years Average price per square foot of a
condo increased 5.6% to $152 over the
same period last year. Average sales price
and median sales price declined 1.4% and
17.1% respectively. Average square foot was
1,295 square feet, the lowest in over six
years, driven by record low mortgage rates.
SINGLE FAMILY
Second highest amount of sales
in over six years sales, as price
indicators jumped There were 591
sales, 5.3% more than in the same period
last year and the second highest total in
more than six years. Average price per
square foot jumped 9.6%, as average
sales price and median sales price
increased 14.9% and 21.2% respectively.
