2018 Mid-Year Market Report

2018 Mid-Year Market Report

Southern Palm Beach County • Northern Broward County

A rtfully uniting extraordinary homes with extraordinary lives.

We are pleased to present the 2018 Nestler Poletto Sotheby’s International Realty Mid-Year Market Report, which
offers an overview of the Mid to South Palm Beach and Northern Broward counties residential real estate market
closed activity from January 1 to June 30, 2018 in comparison to the same period of 2017. This report focuses on all
single-family and condominium sales listed at $500,000 or above for that six-month period. It includes the number
of units sold, average sold price, and number of days on the market for 15 separate markets. In addition, we also
showcase some exciting new construction projects and significant sales in the market.

Southern Palm Beach County Single Family Homes Southern Palm Beach County Single Condos

Q1-Q2 2018 Q1-Q2 2017 % Change Q1-Q2 2018 Q1-Q2 2017 % Change

Units 1,384 1,235 12% Units 285 219 30%
Sold Sold

Average $1,236,807 $1,179,533 5% Average $995,334 $981,193 1%
Sold Price Sold Price

Days 109 111 -2% Days 104 112 -7%
On Market On Market

Northern Broward County Single Family Homes Northern Broward County Condos

Q1-Q2 2018 Q1-Q2 2017 % Change Q1-Q2 2018 Q1-Q2 2017 % Change

Units 508 486 5% Units 66 54 22%
Sold Sold

Average $858,021 $856,893 Average $844,342 -19%
Sold Price Sold Price $685,805

Days 86 86 Days 95 118 -19%
On Market On Market

This page: The Sanctuary, Boca Raton • Offered at $5,495,000
Front cover: Long Lake Estates, Boca Raton • Offered at $3,595,000

N e w C o nst r uct i o n

exclusively represented by Nestler Poletto Sotheby’s International Realty

Horseshoe Acres, Boca Raton • $9,490,000 Direct Intracoastal, Lighthouse Point • $5,500,000
6BR, 5.1BA ultra-contemporary home on 7.5 acres 5BR, 6BA, club room, loft on 90 feet of Intracoastal

The Sanctuary, Boca Raton • $5,495,000 Seagate, Delray Beach • $5,295,000
4BR home with 90 feet of deep water dock off Intracoastal 5BR home between the Intracoastal and ocean

Coral Key Villas, Lighthouse Point • $1,889,000 111 First Delray, Delray Beach • from $440,000
4BR home an 80-foot wide canal is a boater’s dream 70 residences on 5 floors in the heart of downtown

Southern palm beach county

Addison Reserve Country Club, Delray Beach Offered at $3,500,000

Single Family Homes Condos % Change
Q1-Q2 2018 Q1-Q2 2017 % Change Q1-Q2 2018 Q1-Q2 2017
Boca Raton 34%
Units Sold 563 530 6% 135 101 0%
Avg Sold Price $1,172,270 $1,193,590 -2% $1,146,448 $1,144,665 -8%
Days On Market -10%
104 115 119 130

Boynton Beach

Units Sold 204 174 17% 3 8 -63%

Avg Sold Price $658,282 $645,844 2% $625,833 $639,312 -2%

Days On Market 93 105 -11% 76 131 -42%

Delray Beach

Units Sold 314 272 15% 65 49 33%

Avg Sold Price $1,202,708 $1,073,017 12% $768,703 $773,938 -1%

Days On Market 115 112 3% 78 84 -7%

Gulf Stream

Units Sold 22 5 340% 8 3 167%

Avg Sold Price $4,561,398 $5,347,000 -15% $2,211,500 $829,166 167%

Days On Market 255 365 -30% 139 101 38%

Highland Beach

Units Sold 5 5 0% 67 52 29%

Avg Sold Price $4,856,400 $2,817,000 72% $810,219 $927,071 -13%

Days On Market 176 40 340% 95 102 -7%

Blue Bayou/Hypoluxo Island, Lantana Offered at $5,995,000

Single Family Homes Condos

Q1-Q2 2018 Q1-Q2 2017 % Change Q1-Q2 2018 Q1-Q2 2017 % Change

Lake Worth

Units Sold 81 48 69% 1 0 N/A

Avg Sold Price $718,070 $610,022 18% $525,000 N/A N/A

Days On Market 77 83 -7% 136 N/A N/A

Manalapan

Units Sold 7 8 -13% 2 1 100%

Avg Sold Price $10,446,428 $13,973,104 -25% $815,000 $737,500 11%

Days On Market 277 115 141% 79 128 -38%

Ocean Ridge

Units Sold 20 22 -9% 3 4 -25%

Avg Sold Price $3,383,218 $1,471,673 130% $785,000 $1,037,500 -24%

Days On Market 168 118 42% 154 130 18%

Wellington

Units Sold 168 171 -2% 1 1 0%

Avg Sold Price $1,287,061 $1,202,455 7% $570,000 $650,000 -12%

Days On Market 115 108 6% 105 0 N/A

NOTE: Numbers based on homes listed at $500,000 or above, comparing the periods 1/1/2017 - 6/30/2017 and 1/1/2018 - 6/30/2018. 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

Parkland Golf & Country Club Offered at $3,500,000

Single Family Homes Condos
Q1-Q2 2018 Q1-Q2 2017
Q1-Q2 2018 Q1-Q2 2017 % Change % Change

Coral Springs N/A
N/A
Units Sold 100 71 41% 0 0 N/A
N/A N/A
Avg Sold Price $591,853 $592,946 0% N/A N/A

Days On Market 55 62 -11%

Deerfield Beach

Units Sold 28 33 -15% 16 7 129%

Avg Sold Price $782,548 $791,545 -1% $717,431 $659,928 9%

Days On Market 82 91 -10% 87 113 -23%

Hillsboro Beach

Units Sold 3 2 50% 13 15 -13%

Avg Sold Price $14,456,667 $17,312,500 -16% $669,965 $1,318,867 -49%

Days On Market 255 450 -43% 130 167 -22%

Parkland Golf & Country Club Offered at $3,300,000

Single Family Homes Condos

Q1-Q2 2018 Q1-Q2 2017 % Change Q1-Q2 2018 Q1-Q2 2017 % Change

Lighthouse Point

Units Sold 71 80 -11% 1 0 N/A

Avg Sold Price $1,046,972 $1,125,375 -7% $530,000 N/A N/A

Days On Market 112 119 -6% 88 N/A N/A

Parkland

Units Sold 210 229 -8% 0 1 N/A

Avg Sold Price $710,379 $721,796 -2% N/A $495,000 N/A

Days On Market 85 80 6% N/A 42 N/A

Pompano Beach



Units Sold 96 71 35% 36 31 16%

Avg Sold Price $915,555 $820,892 12% $681,797 $667,645 2%

Days On Market 96 79 22% 86 98 -12%

NOTE: Numbers based on homes listed at $500,000 or above, comparing the periods 1/1/2017 - 6/30/2017 and 1/1/2018 - 6/30/2018. 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

TOP MARKET SALES July 1, 2017 - June 30, 2018
From Manalapan to Hillsboro Mile

Address Selling Price A/C Sq. Ft.

901 South Ocean Boulevard, Delray Beach $26,750,000 13,087

900 South Ocean Boulevard, Manalapan $24,000,000 11,392

6161 North Ocean Boulevard, Ocean Ridge $19,879,375 10,620

700 South Ocean Boulevard, Manalapan $18,500,000 9,058

995 HillsboroMile, Hillsboro Beach $16,000,000 13,914

1131 Hillsboro Mile, Hillsboro Beach $14,370,000 12,527

850 NE 5th Avenue, Boca Raton $14,250,000 10,684

3545 North Ocean Boulevard, Gulf Stream $14,250,000 8,922

3501 North Ocean Boulevard, Gulf Stream $13,878,275 5,816

1960 South Ocean Boulevard, Manalapan $13,500,000 23,817

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 104 900 East Atlantic Avenue, Suite 18
Boca Raton, Florida 33432 Delray Beach, Florida 33483
561-997-7227 561-381-9090

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