Real Estate Blog - Boca Raton, Florida Luxury Property Market Report October 2009

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Boca Raton, Florida Luxury Property Market Report October 2009

The luxury single family home market continues to be busy as buyers are getting some great deals especially on the water. The condo market over $1,000,000 continues to be slow though there is activity. People don't necessarily have to buy a condo right now in that price range for a second residence. Unlike the homes where in most cases it will be their primary residence. As we enter the high season everything should get busier. Below are the numbers for all properties in Boca Raton priced over $1,000,000 for October 2009.

Luxury Single Family Homes

Total Properties Available 513

Price Range $1,000,000 - $24,900,000

Total Properties Pending 13

Total Properties Sold 15

Price Range $2,813,000 - $1,116,500

Average Price Per Sq. Ft. $331

Luxury Condominiums

Total Properties Available 101

Price Range $1,000,000 - $7,250,000

Total Properties Pending 1

Total Properties Sold 1

Posted by Joseph Santini, P.A. on 11/02/2009 10:54 AM

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Boca Raton, Florida Luxury Market Report October 2009 in the Real Estate Market Channel

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Originally posted at: Joseph Santini's Real Estate Blog: Boca Raton, Florida Luxury Property Market Report October 2009

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1 Comments on Boca Raton, Florida Luxury Property Market Report October 2009

NOV

Joseph, I agree that our buyers are quite different from a Northern market, I do think we are going to have a good season. About eighty per cent of my buyers are cash buyers and they have been sitting on the fence for two years. Our rental department is going crazy this year. This indicates a strong season. Hope I am right! :-)

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