We published our report on the Boca Raton, Florida sales market for 4Q 2012. This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.

Key Points

– Overall price indicators show sharp year over year gains.
– Overall sales levels trending higher.
– Marketing times fell sharply and negotiability between buyers and seller narrowed.

Here’s an excerpt from the report:

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 Median sales price
surged 17% from the prior year quarter
to $310,000. Number of sales jumped
17.9% to 566 sales over the same period,
the largest fourth quarter total in more
than 6 years. With inventory at 1,127, the
absorption rate, or number of months
to sell all active listings at the current
pace of sales, was 6 months, which was
consistent with the past several quarters…

You can build your own custom data tables on the market – now updated with 4Q 12 data. We’ll be adding a chart library for this market area soon!

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