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.
- 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!