Boca Real Estate: Current Inventory & Solds Data
Posted by Jean-Luc Andriot on Tuesday, July 14th, 2015 at 2:50pm.
To help you stay informed on what's happening in the luxury real estate market in Boca Raton, we've put together the latest inventory statistics for condominiums, single-family homes and townhomes on properties that are priced over $1,000,000.
Boca Raton Market Update - July 2015 Inventory
| Property Type | # of Active Listings | # Under Contract | # Sold Units in last 6 months |
| Condos | 61 | 9 | 43 |
| Single-Family | 371 | 55 | 179 |
| Townhomes | 7 | 2 | 1 |
| Total | 439 | 66 | 223 |
Of the total number of luxury transactions (defined as $1,000,000+) in our Boca Raton MLS system in the last six months, 439 are active listings, 66 are currently under contract and 223 are transactions that have closed.
By looking a little more closely at these numbers we can see that luxury condominiums account for 13.9% of the active listings, however when looking at the sold numbers you'll see they actually represent 19.28% units sold. This difference in percentages in active and sold listings indicates that luxury condos are moving a bit faster than single-family homes for sale.
Boca Raton Average Pricing
| Property Type | # of Active Listings | # Under Contract | # Sold Units in last 6 months |
| Condos | $2,550,904 | $1,959,889 | $1,998,438 |
| Single-Family | $3,063,041 | $2,102,133 | $2,173,151 |
| Townhomes | $1,332,429 | $1,135,000 | $1,150,000 |
Currently, the average home price has been listed between 24%-30% higher than the average price of homes sold over the past six months.
Average Days on Market
| Property Type | # of Active Listings | # Under Contract | # Sold Units in last 6 months |
| Condos | 177 | 72 | 106 |
| Single-Family | 201 | 162 | 179 |
| Townhomes | 124 | 110 | 48 |
When looking at different property type and days on average, we can see that single-family homes and condominiums are fairly similar, however luxury condominiums in Boca Raton tend to close faster than single-family homes.
*Inventory statistics were generated from BeachesMLS on July 14, 2015