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Elliman Report: Boca Raton 4Q 2017

Unlike the prior quarter, the Boca Raton single- family market showed more price growth than the¬†condo market in the final quarter of 2017. Condo median sales price was unchanged at $205,000¬†while single-family median sales price rose 13.4% to $450,000 respectively from the year-ago quarter. The market pace for both property types was faster than the same period a year ago with the single-family market seeing a larger change. The absorption rate, the number of months to sell…

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