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Elliman Report: Boca Raton Sales 4Q 2012

CONDO/TOWNHOUSE Median sales price of a Boca Raton condo jumped 28.2% from $93,000 in the prior year quarter to $119,250. Over the same period, the number of sales edged 1.4% higher to 642. With 1,227 active listings, the monthly absorption rate was 5.7 months, consistent with the past several quarters…

SINGLE FAMILY Year over year, the average number of days on market declined nominally from 160 days to 158. Listing discount, the percentage difference between list price at time of contract and contract price, grew tighter, slipping from 8.1% to 7.4% over the same period…

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