Boca Raton FL Real Estate Market Report January 2014
Boca Raton FL Real Estate Market Report January 2014
Here is a brief look at what transpired in the Boca Raton Real Estate market for January 2014, including comparisons versus 2013. If you are considering buying realty in Boca Raton FL, relocating into the Palm Beach County area or you are one of the many snowbirds wishing to purchase second homes, condos and vacation homes in Boca Raton FL, then here is a quick look at the Boca Raton Real Estate market for January 2014.
Boca Raton FL Real Estate Activity For January 2014
In January of 2014 there were 299 homes, condos and townhomes that closed within the month for Boca Raton Real Estate. In the corresponding month in 2013, there were 360homes, condominiums and townhomes that closed in January 2013. As you can see, there was a significant reduction in the number of properties that closed year over year.
The average list price for properties that closed in January 2013 was $316,574.
The average list price for properties that closed in January 2014 was $364,286.
The average sale price for properties that closed in January 2013 was $291,599.
The average sale price for properties that closed in January 2014 was $338,584.
The average days on market (or marketing time) for properties that closed in January 2013 was 139 days.
The average days on market (or marketing time) for properties that closed in January 2014 was 99 days.
As you can discern from the above data, even though the number of closed homes in Boca Raton has declined year over year, average list prices and average sales prices have both increased significantly, while the average number of days on market for Boca Raton FL homes has declined measurably.
Homes Under Contract For January 2014
During the month of January 2014, 633 homes, condos and townhouses went pending. The average list price of the properties that went under contract was $370,214. The average days on market for these homes was 126 days.
Annual Statistics for the Boca Raton Florida Real Estate Market
For the period January 1st 2013 through December 31st, 2013 there were 5,459 properties that sold in Boca Raton during 2013 comprising:
2,039 Boca Raton Condominiums sold in 2013 – 37.4%
2,586 Boca Raton Homes sold in 2013 – 47.4%
834 Boca Raton Townhomes and Villas sold in 2013 – 15.3%
For the period January 1st 2012 through December 31st, 2012 there were 4,984 properties that sold in Boca Raton during 2012 comprising:
1,811 Boca Raton Condominiums sold in 2012 – 36.3%
2,316 Boca Raton Homes sold in 2012 – 46.5%
814 Boca Raton Townhomes and Villas sold in 2012 – 16.3%
For the period January 1st 2011 through December 31st, 2011 there were 4,564 properties that sold in Boca Raton during 2011
1,779 Boca Raton Condominiums sold in 2011 – 39%
2,013 Boca Raton Homes sold in 2011 – 44%
730 Boca Raton Townhomes and Villas sold in 2011 – 16%
For the period January 1st 2010 through December 31st, 2010 there were 3,667 properties that sold in Boca Raton during 2010
1,385 Boca Raton Condominiums sold in 2010 – 37.8%
1,656 Boca Raton Homes sold in 2010 – 45.2%
599 Boca Raton Townhomes and Villas sold in 2010 – 16.3%
For the period January 1st 2013 through December 31st, 2013 the average list price was $382,472 and the average days on market (or marketing time) was 125 days.
For the period January 1st 2012 through December 31st, 2012 the average list price was $342,840 and the average days on market (or marketing time) was 149 days.
For the period January 1st 2011 through December 31st, 2011 the average list price was $319,256 and the average days on market (or marketing time) was 164 days.
For the period January 1st 2010 through December 31st, 2010 the average list price was $359,481 and the average days on market (or marketing time) was 179 days.
Current January 2014 Boca Raton Home for Sale Inventory Levels
There are currently 2,376 properties for sale in Boca Raton Florida. The average list price is $869,060 with an average days on market of (or marketing time) 179 days. During the month, prices were reduced on average by 7.22%.
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