REAL ESTATE IN BOCA RATON, FL – MAY 2018 SALES
The MEDIAN is the midpoint or middle value in the range. Unlike the AVERAGE value, the median is not sensitive to high sale prices for a small number of homes in the area.
SINGLE-FAMILY HOME SALES OVERVIEW
In May 2018, 259 single-family homes in Boca Raton were successfully sold. These listings were on the market an average of 78 days before going under contract with sellers closing at a median of 4% below list price. Closed sale prices for homes in Boca ranged between $62,000 and $6.6 million with a median of $470,000.
|Total Homes Sold: 259||Median Sale Price: $470,000||Highest Sale Price: $6.6 million|
|Sale Price per Sq.Ft.: $216.45||Days-on-Market Avg.: 78||Sale to List Price Ratio: 96%|
CONDO/CO-OP/VILLA/TOWNHOUSE SALES OVERVIEW
Sales of 262 condo/co-op/villa/townhouse units in Boca Raton were completed during the month of May 2018. These listings averaged 73 days on the market before going under contract with sellers closing at a median of 5% below listing price. Closed sale prices for these residences ranged from $6,000 to $5.4 million with a median of $197,000.
|Total Units Sold: 262||Median Sale Price: $197,000||Highest Sale Price: $5.4 million|
|Sale Price per Sq. Ft.: $152.57||Days-on-Market Avg.: 73||Sale to List Price Ratio: 95%|
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 Boca Raton, or who want to keep an eye on home values in the area.
SELLING YOUR HOME IN BOCA RATON, FL
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