“It has been a year of changes as housing prices and sales volume continued to press higher in Boca Raton in both the overall and luxury markets. Like we observed in recent quarters, the price indicators continued to show double-digit gains from prior year levels. Consistent with rising prices has been the faster marketing times and falling discounts from list price. The market has clearly turned the corner over the past year despite tight credit conditions. We look forward to additional improvement in 2013.

 

As housing conditions change in South Florida, we strive to present our clients with timely insights on the markets we cover. In a region where housing markets are often mischaracterized and misunderstood, we firmly believe that neutral market analysis is one of the best resources we can offer to enable our clients to make more informed decisions. Douglas Elliman is firmly committed to providing information and services to meet our clients’ needs. Explore our full market report series covering south Florida including Miami, Boca Raton, Fort Lauderdale and Palm Beach at  http://www.ellimanflorida.com/market-reports/“