REAL ESTATE IN BOCA RATON, FL MARKET STATISTICS
OVERVIEW OF SINGLE-FAMILY HOME SALES
A total of 148 single-family homes in Boca Raton were sold in January 2018. The median closed sale price for homes in the city increased 10% year-over-year to $461,500. The highest recorded sale price for a home in Boca Raton was $12,150,000 and the lowest was $89,000. These listings averaged 79 days on the market before going under contract, and the median sale-to-list price ratio remained the same at 96% compared to the same time last year.
The MEDIAN is the midpoint or middle value in the range. Unlike the AVERAGE value, the median value is not sensitive to high sale prices for a small number of homes in the area.
PENDING HOME SALES IN JANUARY
Last month, 102 Boca Raton home listings with asking prices between $169,500 and $16.5 million went from “active” to “pending sale” status.
The PENDING SALE status means the seller has accepted an offer for the home but the sale has not yet closed.
At Parkland Realty Group, we post a Monthly Real Estate Market Report with total homes sold, sale prices, days on market and more. This overview of recent sales activity is helpful for those who are in the market to sell or buy a home in the City of Boca Raton, or who want to keep an eye on home values in the area.
SELLING YOUR HOME IN BOCA RATON, FL
If you want to know if now is a good time to put your home on the market, please contact us. We will appreciate the opportunity to earn your business.
ASK ABOUT OUR ONGOING HOME SELLERS SPECIAL
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*Instead of the usual 6% or 7% to another real estate brokerage firm.