SINGLE-FAMILY HOME SALES OVERVIEW
A total of 211 single-family homes in Boca Raton was successfully sold in October 2018. Recorded closed sale prices ranged from $355.90 to $12 million with a median price of $459,500. Boca Raton home sellers closed at the median rate of 4% below list price. These sold listings were on the market an average of 84 days before going under contract.
|Total Homes Sold: 211||Median Sale Price: $459,500||Highest Sale Price: $12,000,000|
|Median Sale Price per Sq.Ft.: $208.84||Days-on-Market Avg.: 84||Sale to List Price Ratio: 96%|
CONDO/CO-OP/VILLA/TOWNHOUSE SALES OVERVIEW
In October 2018, 199 condo/co-op/villa/townhouse units were sold in Boca Raton. Closed sale prices for these properties ranged from $2 to $3,340,000 with a median of $212,500. These listings averaged 86 days on the market before going under contract with sellers closing at a median of 4% below list price.
|Total Units Sold: 199||Median Sale Price: $212,500||Highest Sale Price: $3,340,000|
|Median Sale Price per Sq. Ft.: $162.41||Days-on-Market Avg.: 86||Sale to List Price Ratio: 96%|
The “median” is the midpoint 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.
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.