Things are very active in the Boca Raton, Florida luxury market as many real buyers are in town and they are buying. The people I am talking with are feeling good about where the market is and it seems most of the uncertainty about buying has faded. People want good value and are ready to commit when they find it. Below are the numbers for properties price at or above 1 million dollars.
Luxury Single Family Homes
Total Properties Available 516
Price Range $1,000,000 - $22,900,000
Total Properties Pending 16
Total Properties Sold 10
Price Range $1,000,000 - $2,550,000
Average Sold Price Per Square Ft. $285
Average Days On The Market 316
Luxury Condominiums
Total Properties Available 97
Price Range $1,000,000 - $6,950,000
Total Properties Pending 2
Total Properties Sold 2
Price Range $925,000 -- $1,250,000
Average Sold Price Per Square Ft. $469
Average Days On The Market 241
I am experiencing the same thing in Naples. The buyers are back. Mostly Canadian and foreign nationals. Cash. Close quickly. yes.!