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

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

Days Days
109 111 -2% 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 Units
508 486 5% 66 54 22%
Sold Sold

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

Days Days
86 86 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


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

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 % Change Q1-Q2 2018 Q1-Q2 2017 % Change
Coral Springs
Units Sold 100 71 41% 0 0 N/A
Avg Sold Price $591,853 $592,946 0% N/A N/A N/A
Days On Market 55 62 -11% N/A N/A N/A

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
npsir.com
Each Office Is Independently Owned And Operated

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