2015 Mid-Year Report

2015 Mid-Year Market Report

Southern Palm Beach County • Northern Broward County

A rtfully uniting extraordinary homes with extraordinary lives.

This 2015 Nestler Poletto Sotheby’s International Realty Mid-Year Market report offers an overview of the Southern Palm
Beach and Northern Broward counties residential real estate market closed sales activity from January 1st through June
30th, 2015. Specifically this report focuses on all single family and condominium sales valued over $500,000 for the past 6
months, units sold, average sold price, and days on the market for 15 separate markets. In addition we also showcase some
exciting new construction projects, the top sales in the market as well as significant sales.
These statistics show this is the strongest residential real estate market that we have experienced since 2008, as sales
have clearly trended up in total sales volume, increased home values with shorter days on the market. A total of 1,806
transactions of properties over $500K occurred in the market from the Hillsboro Mile north to Manalapan, and Coral
Springs to Wellington in the western markets. This represents a total single-family and condominium increase of 29%
over last year’s closed sales of only 1,401 for this period of time. Single-family sales alone reflected an increase of 33% and
condos showed a 9% increase. The average sales price was $1,334,854 and the average total days on the market was 137
days.
The overall trends continue to support the fact that there is a dramatic increase in buyers moving from throughout Florida,
top affluent US markets, Europe and South America. Overall, the demographics of market in terms of South Florida’s
favorable climate, no state income tax, low crime, and the diversity of new and resale housing are all continuing to draw
buyers to South Florida as permanent and seasonal residences.

Pictured on front cover and this page: Highland Beach Intracoastal Waterway • Offered at $7,250,000

New Construction

327 Royal Palm, Boca Raton

25 exquisitely appointed residences from
3,177 sq. ft. to 7,000 sq. ft.with floorplans
starting at 3 bedrooms, 3.5 baths plus den.
Pricing starts at $1.599 million.

111 First Delray, Delray Beach

Pre-sales are about to begin for 70 residences
on 5 floors in the heart of downtown Delray
Beach, ranging from 766 sq. ft. to 1,616 sq. ft.
with floorplans starting at 1 bedroom, 1 bath.
Pricing from the upper $400s to $1,000,000+.

Elysian & Fordham, Deerfield Beach

2 new luxury buildings steps away from
Deerfield’s beach are about to begin
construction with 50 percent pre-sold. Offered
is a total of 16 1-, 2-, and 3-bedroom residences
ranging from 1,200 sq. ft. to 1,750 sq. ft. Pricing
starts at $429,000

Southern palm beach county

Bel Marra, Boca Raton Offered at $6,499,000

Single Family Homes Condos % Change
Q1/Q2 2015 Q1/Q2 2014 % Change Q1/Q2 2015 Q1/Q2 2014
Boca Raton -3%
Units Sold 496 364 36% 138 142 -5%
Avg Sold Price $1,195,276 $1,145,048 4% $1,056,985 $1,118,375 -31%
Days On Market -5%
121 127 114 166

Boynton Beach

Units Sold 135 88 53% 4 1 300%

Avg Sold Price $709,033 $650,736 9% $687,725 $535,000 29%

Days On Market 97 123 -21% 24 105 -77%

Delray Beach

Units Sold 251 186 35% 41 37 11%

Avg Sold Price $1,339,206 $1,184,773 13% $729,898 $841,344 -13%

Days On Market 120 162 -26% 82 107 -23%

Gulf Stream

Units Sold 15 7 114% 10 6 67%

Avg Sold Price $3,599,333 $3,657,857 -2% $1,828,000 $2,028,083 -10%

Days On Market 110 88 25% 151 233 -35%

Highland Beach

Units Sold 2 12 -83% 47 39 21%

Avg Sold Price $3,675,000 $4,592,824 -20% $935,130 $958,413 -2%

Days On Market 160 184 -13% 98 120 -18%

The Estates, Boca Raton Offered at $7,395,000

Single Family Homes Condos

Q1/Q2 2015 Q1/Q2 2014 % Change Q1/Q2 2015 Q1/Q2 2014 % Change

Lake Worth

Units Sold 41 26 58% 0 0 N/A

Avg Sold Price $630,436 $864,834 -27% 0 0 N/A

Days On Market 111 83 34% 0 0 N/A

Manalapan

Units Sold 11 9 22% 0 0 N/A

Avg Sold Price $6,628,740 $5,570,607 19% 0 0 N/A

Days On Market 180 148 22% 0 0 N/A

Ocean Ridge

Units Sold 17 9 89% 6 10 -40%

Avg Sold Price $1,261,172 $1,544,556 -18% $1,001,167 $1,066,250 -6%

Days On Market 139 144 -3% 381 188 103%

Wellington

Units Sold 153 128 20% 1 2 -50%

Avg Sold Price $1,488,898 $1,343,958 11% $625,000 $496,250 26%

Days On Market 129 127 2% 368 187 97%

NOTE: Numbers based on homes listed at $500,000 or above, comparing the periods 1/1/2014 - 6/30/2014 and 1/1/2014 - 6/30/2014. This representation is based
in whole or in part on information supplied by the Realtor’s Association of South Palm Beach County or its Multiple Listing Service. Neither the Association or its MLS
guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.

Northern broward county

Lighthouse Point Offered at $3,999,000

Single Family Homes Condos
Q1/Q2 2015 Q1/Q2 2014 % Change Q1/Q2 2015 Q1/Q2 2014 % Change
Coral Springs
Units Sold 46 40 15% 0 0 N/A
Avg Sold Price $658,432 $626,750 5% 0 0 N/A
Days On Market 6% 0 0 N/A
89 84

Deerfield Beach

Units Sold 19 18 6% 5 6 -17%

Avg Sold Price $1,010,658 $756,617 34% $526,800 $642,333 -18%

Days On Market 123 130 -5% 92 155 -41%

Hillsboro Beach

Units Sold 2 4 -50% 15 8 88%

Avg Sold Price $3,457,500 $7,375,000 -53% $742,933 $925,250 -20%

Days On Market 219 732 -70% 95 254 -63%

Estates of Pine Tree, Parkland Offered at $3,499,000

Single Family Homes Condos

Q1/Q2 2015 Q1/Q2 2014 % Change Q1/Q2 2015 Q1/Q2 2014 % Change

Lighthouse Point

Units Sold 64 51 25% 0 0 N/A

Avg Sold Price $1,225,902 $1,339,121 -8% 0 0 N/A

Days On Market 92 137 -33% 0 0 N/A

Parkland

Units Sold 197 141 40% 0 0 N/A

Avg Sold Price $738,305 $722,836 2% 0 0 N/A

Days On Market 81 77 5% 0 0 N/A

Pompano Beach

Units Sold 58 47 23% 29 20 45%

Avg Sold Price $829,235 $908,383 -9% $655,679 $593,900 10%

Days On Market 95 141 -33% 106 127 -17%

NOTE: Numbers based on homes listed at $500,000 or above, comparing the periods 1/1/2014 - 6/30/2014 and 1/1/2014 - 6/30/2014. This representation is based
in whole or in part on information supplied by the Realtor’s Association of South Palm Beach County or its Multiple Listing Service. Neither the Association or its MLS
guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.

Significant Sales

TO P MARKET SAL ES J an uary 1, 2015 - June 30, 2015
F rom Man alapan to H illsboro M ile

Address Selling Price A/C Sq. Ft.
1110 South Ocean Boulevard, Manalapan $22,109,100 14,685
901 South Ocean Boulevard, Delray Beach $19,000,000 12,153
1111 South Ocean Boulevard, Delray Beach $15,450,000 14,742
1000 South Ocean Boulevard, Manalapan $14,995,000 10,527
701 South Ocean Boulevard, Delray Beach $12,000,000 4,564
717 South Ocean Boulevard, Delray Beach $11,777,000 11,983
1550 South Ocean Boulevard, Manalapan $10,600,000 6,490
1171 South Ocean Boulevard, Delray Beach $10,000,000 9,761
600 NE 5th Avenue, Boca Raton $8,300,000 10,500
212 S Maya Palm Drive, Boca Raton $8,080,000 7,391

NOTE: This representation is based in whole or in part on information supplied by the Realtor’s Association of South Palm Beach
County or its Multiple Listing Service. Neither the Association or its MLS guarantees or is in any way responsible for its accuracy.
Data maintained by the Association or its MLS may not reflect all real estate activity in the market.

200 East Palmetto Park Road, Suite 104 npsir.com 900 East Atlantic Avenue, Suite 18
Boca Raton, Florida 33432 Delray Beach, Florida 33483
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