May 2021 Boca Raton Area Luxury Market Report from Jean-Luc Andriot and The Institute for Luxury Home Marketing

Posted by Jean-Luc Andriot on Thursday, May 20th, 2021 at 1:54pm.

Jean-Luc Andriot Boca Raton - Delray Beach Luxury market report May 2021 for Jean-Luc Andriot blog 052021

As I am a member of The Institute for Luxury Marketing, I thought I would share with you their May 2021 report for Boca Raton - Delray Beach.

It is your guide to a general analysis on the trends and comparative data on the top-residential markets in the Boca Raton - Delray Beach area.

Statistics are separated between single family homes and condominiums / townhomes in Boca Raton - Delray Beach.

On the national level:

Overall, based on the data collected from over 100 luxury markets in North America, the comparative numbers for single-family homes over the last three years confirms this dramatic decrease in inventory.
Comparing April 2021 against the same period in 2020 and 2019 there is a decrease of 39.65% and 37.93% respectively.

Looking at 3 very different local luxury markets, we start with Miami, Florida. This market typically reports a high level of luxury inventory – as listings are rarely removed from the market until they sell. Miami’s comparative April 2021 numbers for single-family homes show a staggering 47.90% drop in properties listed for sale compared to April 2020, and a 53.15% drop compared to 2019!

Leave a Comment