[Better, Faster] 3Q 2012 Boca Raton Report

Posted by Jonathan Miller - Friday, October 19, 2012, 9:47 PM

We published our report on the Boca Raton, Florida sales market for 3Q 2012.   This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.

Key Points

-Overall condo price indicators were mixed. Smallest average size in more than 6 years driven by falling mortgage rates.
-Condo sales fell as single family sales jumped.
-Luxury condo and single family luxury price indicators showed double-digit increases over last year.
-Properties generally sold faster than last year.
-Buyers and sellers have moved closer together on price.

Here’s an excerpt from the report:

CONDO/TOWNHOUSE 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 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…

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

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