Published by Peter Zalewski
4/22/2024 
7:27:18 PM 
The average asking price for a Boca Raton luxury condo is nearly $3.2 million per units. (Photo courtesy of MyBoca.us)
The Boca Raton condo market is in a buyers market with nearly 15 months of supply currently listed for resale in the final month of the South Florida Winter Buying Season, according to an analysis of statistics compiled by CondoVulturesRealty.com.
The Boca Raton market is defined for this report as Spanish River Boulevard south to Hillsboro Boulevard, and the Atlantic Ocean west to Interstate 95.
In the 12 months of 2023, buyers purchased an average of nearly 12 luxury units per month for a total of about 141 units between January and December.
Based on the current active listings in the Multiple Listing Service – a database used by Realtors to market condos – the Boca Raton area is in a buyers market with a supply of nearly 175 luxury units available for purchase.
We have crunched the statistics for the Year 2023 and plan on publishing a series of reports during this week on CondoVultures.com looking at the winners and losers in the Boca Raton market in Southeast Palm Beach County.
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This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com
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Condo Market Inventory Tracker
A Snapshot Of Tricounty South Florida Region Of Miami-Dade, Broward And Palm Beach
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 24,016 | 10.2 |
| Luxury Condos | 3,740 | 15.1 |
| Shortsales | 30 | 15.0 |
| REOs | 126 | 6.6 |
| Rentals | 21,476 | 3.9 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
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