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Elliman Report: Boca Raton Sales 3Q 2012

CONDO/TOWNHOUSE
Price indicators were mixed, smallest average square footage in over 6 years 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
Second highest amount of sales in over six years sales, as price indicators jumped 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.

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