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Elliman Report: Boca Raton Sales 1Q 2013

CONDO Median sales price jumped 17.3% to $129,000 from the prior year quarter. The increase seen in all three price indicators was not due to a skew toward larger sized sales. Average square footage expanded a nominal 0.6% to 1,422 over the same period…

SINGLE FAMILY The average size of a sale edged 4.2% higher to 2,589 square feet from a year ago, not enough to account for the large rise in price indicators. Median sales price jumped 14.8% to $310,000 over the same period. The other price indicators also posted similar double-digit gains. The number of sales increased 7.4% to 523 from the prior year quarter…

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