SINGLE-FAMILY HOME SALES OVERVIEW
The median price for single-family homes in Boca Raton increased 6.7 percent month over month from $445,000 to $475,000 in June 2019 with 210 closed sales. These listings were on the market an average of 86 days with sellers closing at the usual median rate of 4 percent below asking price.
|Total Homes Sold: 210||Highest Sale Price: $4,500,000||Avg. Days on Market: 86|
|Avg. Sale Price: $683,862||Median Sale Price: $475,000||Sale-to-List Price Ratio: 96%|
CONDO/CO-OP/VILLA/TOWNHOUSE SALES OVERVIEW
The month-over-month median price for condo/co-op/villa/townhouse units in Boca Raton increased in June 2019 as well. A total of 241 units were sold during the month with a median of $228,500 that is 5.3 percent higher than the previous month’s value of $217,000. Listings sold this June averaged 72 days on the market with sellers closing at a median rate of 5 percent below asking price.
|Total Units Sold: 241||Highest Sale Price: $2,095,000||Avg. Days on Market: 72|
|Avg. Sale Price: $297,436||Median Sale Price: $228,500||Sale-to-List Price Ratio: 95%|
The median is the midpoint value in the range. Compared to the average value, the median is not sensitive to extremely 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 real estate in Boca Raton, or who want to keep an eye on home values in the area.