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[Better, Faster] 3Q 2012 Boca Raton Report


We published our report on the Boca Raton, Florida sales market for 3Q 2012 [2].   This is part of an evolving market report series I’ve been writing for Douglas Elliman [3] since 1994.

Key Points

-Overall condo price indicators were mixed. Smallest average size in more than 6 years driven by falling mortgage rates.
-Condo sales fell as single family sales jumped.
-Luxury condo and single family luxury price indicators showed double-digit increases over last year.
-Properties generally sold faster than last year.
-Buyers and sellers have moved closer together on price.

Here’s an excerpt from the report:

CONDO/TOWNHOUSE 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 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…

You can build your own custom data tables [4] on the market – now updated with 3Q 12 data. We’ll be adding a chart library for this market area soon!

The Elliman Report: 3Q 2012 Boca Raton [Miller Samuel [2]]
The Elliman Report: 3Q 2012 Boca Raton [Douglas Elliman [5]]
Aggregated Custom Market Data Tables [Miller Samuel [4]]