Illustrated Properties Luxury Report

BOCA RATON & DELRAY BEACH BEACH TOWN | GOLF | ENTERTAINMENT

Boca Raton truly has it all. Beaches and golf courses, fine hotels and wondrous art museums, jazz clubs and concerts at Mizner Park, the glittery Town Center at Boca Raton shopping mall with 220 upscale and elite specialty shops, and, elsewhere around town, countless family-owned boutiques. Delray Beach is a first-class resort destination and a diverse, vibrant community situated on the Atlantic Ocean. A small and intimate town with big-city sophistication, Delray Beach was voted Most Fun Small Town in America by USA Today.

Single Family Homes

% CHANGE (1 YEAR)

% CHANGE (1 QUARTER)

SINGLE FAMILY HOMES

2024 Q2

2025 Q1

2025 Q2

Number of Sales

447

340

412

▼7.8%

▲21.2%

Average Sales Price

$2,754,949

$2,688,588

$2,583,797

▼6.2%

▼3.9%

Median Sales Price

$1,850,000

$1,775,000

$1,850,000

▲0.0%

▲4.2%

Average Square Footage

3,782

3,728

3,725

▼1.5%

▼0.1%

Price Per Square Foot

$686

$666

$645

▼6.0%

▼3.2%

Average DOM

94

72

72

▼23.7%

▲0.1%

Sales Sold at Original List Price

48

36

42

▼12.5%

▲16.7%

Top Sale Price

$40,000,000

$50,500,000

$31,500,000

▼21.3%

▼37.6%

Total Sale Volume

$1,231,462,327

$914,120,032

$1,064,524,287 ▼13.6%

▲16.5%

Condos & Townhomes

% CHANGE (1 YEAR)

% CHANGE (1 QUARTER)

CONDOS/TOWNHOMES

2024 Q2

2025 Q1

2025 Q2

Number of Sales

122

185

125

▲2.5%

▼32.4%

Average Sales Price

$2,308,637

$2,408,444

$2,838,092

▲22.9%

▲17.8%

Median Sales Price

$1,640,000

$2,100,000

$1,875,000

▲14.3%

▼10.7%

Average Square Footage

2,464

2,481

2,693

▲9.3%

▲8.5%

Price Per Square Foot

$894

$930

$979

▲9.5%

▲5.3%

Average DOM

88

38

70

▼20.9%

▲81.6%

Sales Sold at Original List Price

10

103

37

▲270.0%

▼64.1%

Top Sale Price

$9,500,000

$13,000,000

$10,000,000

▲5.3%

▼23.1%

Total Sale Volume

$281,653,729

$445,562,150

$354,761,541

▲26.0%

▼20.4%

Top Residential Sale $31.5M 1788 ROYAL PALM WAY, BOCA RATON, FL 33432

LUXURY REPORT

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