Real Estate Market Update for 33432 (Boca Raton, FL)
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 31% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 450-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 300%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 410-thousand dollars. The number of units sold was consistent year-over-year, and decreased 50% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 33432 (Boca Raton, FL)
Area Information for 33432 (Boca Raton, FL)
  • Population: 21,477
  • Median Age: 50.64 yr
  • Median Commute Time: 20 mins
  • Educational Climate*: 5
  • Sales Tax: 6%
  • Population Density: 4,479/sq mi
  • Population Change Since 2000: 15.31%
  • Closest Airport: Fort Lauderdale/hollywood International
  • Closest College: Florida Atlantic University
  • Closest Jr. College: Florida College Of Natural Health
  • Median Household Income: $64,515
  • Annual Residential Turnover: 18%
  • Median Home Sales Price: $486,000
  • Closest Major Sports Team: Florida Panthers
  • Change Avg. Household Income Since 2000: 15.88%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 33432 (Boca Raton, FL)
Median Age: 50.64 Married: 39% Number of Households: 10,851 Households with Children: 1,396
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 33432 (Boca Raton, FL)

      School Name Distance Type Grades School Rating Parent Rating
      Boca Raton Elementary School 0.1 mi Public K-5 3 0
      Saint Joan Of Arc 0.3 mi Catholic PRESCHOOL-8 0 0
      Sea Star 0.4 mi Private - 0 0
      Somerset Academy Boca Middle School 0.4 mi Public 6-7 4 0
      Somerset Academy Boca East 0.4 mi Public K-8 4 2
      Children's House Montessori School East Boca 0.5 mi Private PRESCHOOL-K 0 0
      Boca Raton Christian School 0.6 mi Private PRESCHOOL-12 0 0
      Mece Inc 0.7 mi Private PRESCHOOL-K 0 0
      Boca Raton Charter School 1.2 mi Public K-5 2 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 33432 (Boca Raton, FL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.