Delray Beach Also Hot. Pandemic Great For South Florida Housing Market.
BY: STAFF REPORT
Copyright © 2021 MetroDesk Media, LLC
BOCA RATON, FL (BocaNewsNow.com) — The latest Elliman report is just out and shows that home sales in South Palm Beach County are rising faster than social media users can pump up the stock of a mall game shop that was barely cool when it was cool in the 80s.
(If you are reading this in a news app and the documents do not appear, just click here to access our main website).
In Boca Raton, closed home sales jumped 46.1 percent year to year, with inventory dropping 46.5 percent. The median sales price has jumped 14.7 percent year to year. And the days on the market — the amount of time it takes a home to sell — dropped by 17 days.
By the numbers: the average sales price in Boca Raton is now $1,083,661 which is a jump of 31.8 percent. The average sales price was $752,875 in Q4 of 2019. The average number of days on market dropped from 86 in Q4 of 2019 to 69 at the end of 2020. The number of homes for sale also dropped. It was 1,071 in Q4 of 2019 and just 573 in Q4 of 2020.
In Delray Beach, the number of sales closed jumped 68.4 percent year to year. The average sales price rose from $628,548 to $770,112. The average luxury home price rose from $2,100,191 to $2,556,776. The “entry price threshold” for a “luxury” home jumped from $1,050,000 in Q4 of 2019 to $1,700,000 in Q4 of 2020.
There is a significant amount of data to review and consider if you are following local real estate. Read it below. If you are reading in a news app and the PDFs do not appear, just click here.bocaraton-q4_2020
Content copyright © 2022 Metro Desk Media, LLC. All Rights Reserved. BocaNewsNow.com ® is a registered trademark. BocaRudeton™ is a trademark of MetroDesk Media, LLC. Sirens™ is a trademark of MetroDesk Media, LLC. “You hear sirens, we know where they went,”™ is a trademark of MetroDesk Media, LLC. “Don’t Want To Be Seen Here? Don’t Be Rude Here!™” is a trademark of MetroDesk Media, LLC. We vigorously protect our intellectual property and journalistic product. Broadcast stations must credit BocaNewsNow.com on air. Print must refer to BocaNewsNow.com. Online must link to BocaNewsNow.com. We have agreements with several organizations. Contact news (at) bocanewsnow.com. Call 866-4-FL-NEWS. Arrest reports are police accusations. Guilt or innocence is determined in a court of law.
The Latest From BocaNewsNow.com
- MYSTERY: Dead Frog Circles Appearing In Seven Bridges Delray Beach
- HUGE COVID SPIKE IN FLORIDA, PALM BEACH COUNTY
- Did Bad Nursing At Bethesda East Hospital Lead To Woman’s Death?
- LAWSUIT: VALENCIA BAY TO REMOVE HUNDREDS OF OAK TREES
- Fourth DUI Arrest For Boca Woman Working At Addiction Center
- BREAKING: Man Shot In Head Just South Of Boca Raton, Search Underway
- REWARD: Fatal Shooting South Of Boca Raton, Who Is The Killer?
- WEATHER ALERT: Thunderstorms Moving Into Boca Raton
- LAWSUIT: OFFICE DEPOT SPAMMED CUSTOMERS