REAL ESTATE IN BOCA RATON, FL MARKET STATISTICS
OVERVIEW OF SINGLE-FAMILY HOME SALES
The median sale price for homes in Boca Raton increased 9% year-over-year from $405,000 to $443,000 with 213 closed sales during December 2017. The highest sale price recorded was $8,450,000 and the lowest was $125,000, with sellers closing at a median of 4% below list price. These homes were on the market an average 82 days before going under contract.
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 DECEMBER 2017
A total of 68 Boca Raton home listings with asking prices that range from $129,000 to $11,995,000 went from “active” to “pending sale” status last month.
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.