• Home
• Listings
  • Search by City
  • Search by Subdivision
  • Search by Address
  • Search by Zip Code
  • Search by MLS Number
  • Search by Map
  • My Listings
• Buyers
  • Why Buyers Choose Us
  • First Time Homebuyer
  • Financing Your Home
  • Find Your Perfect Home
  • New Listing Alert
  • Local Information
• Sellers
  • Marketing Plan
  • Why Sellers Choose Us
  • Preparing Your Home to Sell
  • Pricing Your Home to Sell
  • How Much is Your Home Worth?
• Communities
  • Boca Raton Real Estate
  • Boynton Beach Real Estate
  • Delray Beach Real Estate
  • Highland Beach Real Estate
  • Montoya Circle Real Estate
  • Downtown Boca Raton
  • Active Adult Communities
• About
  • Meet Our Team
  • Client Testimonials
  • About Lang Realty
  • For Realtors Only
  • Contact Us
• Blog

FIND YOUR NEXT HOME by...

CITY

Select a City: No Preference Boca Raton Boynton Beach Coconut Creek Coral Springs Deerfield Beach Delray Beach Green Acres Gulf Stream Highland Beach Hillsboro Beach Hypoluxo Juno Beach Jupiter Lake Worth Lantana Lighthouse Point Manalapan Ocean Ridge Palm Beach Palm Beach Gardens Parkland Pompano Beach South Palm Beach Tequesta Wellington West Palm Beach Choose a property type: Single Family Condominium Townhouse/Villa Land Rental

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

Search Now

SUBDIVISION

Enter a Subdivision:

Choose a property type: Single Family Condominium Townhouse/Villa Land Rental

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

Search Now

ADDRESS

Enter a Street Number/Name: Choose a property type: Single Family Condominium Townhouse/Villa Land Rental

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

Search Now

ZIP

Enter Zip Code Choose a property type: Single Family Condominium Townhouse/Villa Land Rental

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

Search Now

MLS #

Enter MLS Number: MLS Number: MLS Number: MLS Number:

Search Now

MAP

Select a Starting Point: No Preference Admirals Cove Atlantis Aventura Belle Glade Boca Raton Boynton Beach Canal Point Coconut Creek Coconut Grove Coral Springs County Dania Beach Davie Deerfield Beach Delray Beach Fellsmere Fort Lauderdale Fort Pierce Greenacres Gulf Stream Haverhill Highland Beach Hillsboro Beach Hobe Sound Hollywood Homestead Hutchinson Island Hypoluxo Jensen Beach Juno Beach Jupiter Jupiter Inlet Colony Kendall Lake Clarke Shores Lake Park Lake Worth Lakewood Park Lantana Lauderdale By The Sea Lauderdale Lakes Lauderhill Lighthouse Point Loxahatchee Manalapan Margate Miami Miami Beach Miami Gardens Miramar North Lauderdale North Miami Beach North Palm Beach Oakland Park Ocean Ridge Pahokee Palm Beach Palm Beach Gardens Palm Beach Shores Palm City Palm Springs Parkland Pembroke Pines Plantation Pompano Beach Port Saint Lucie Port St Lucie Riviera Beach Royal Palm Beach Saint Lucie West Sebastian Singer Island South Palm Beach Stuart Sunrise Surfside Tamarac Tequesta Vero Beach Village Of Palm Springs Wellington West Palm Beach Weston Wilton Manors Choose a property type: Single Family Condominium Townhouse/Villa Land Rental

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

Search Now

2009 Boca Raton Area Luxury Real Estate Market Wrap-Up

The news continues to be bleak for the luxury real estate market in Boca Raton, Delray Beach, and Highland Beach at the end of 2009 and beginning of 2010.

Last fall I wrote a blog post about the Boca Raton Luxury Market for the six months ending September 30, 2009.  THis is a followup to that previous post.

I have examined the current state of the market for properties in excess of $1,000,000 for the last half of 2009.

Here are the number of sold properties in relation to current listings for each price band for the last six months:

Here is an illustration of the current month's supply in each of the price bands:

It is very clear from these illustrations that the luxury market continues to be hammered. While the number of current listings in excess of $1,000,000 represent 13% of the current inventory, it only represents 5% of the number of properties sold in the past year. The number of months of inventory on hand (absorption rate) for properties in excess of a million is 43 months as compared to the absorption rate of properties below a million which is 15.6 months. A big difference!

The median price of all properties currently on the market is only $275,000 so it is clear that the upper end is continuing to have pressure and in my opinion there will be some tremendous buying opportunities in the next year in this segment. As many people expect a continuing collapse of the commercial real estate markets, it will continue to be bad news for sellers in the luxury markets, as investors and developers and players in the commercial markets are often buyers and sellers of luxury residential real estate.

I don't mean to sound any alarm bells but am just trying to be realistic. I see the next year as one of great opportunity. There will be terrific deals for people with cash which is sitting earning nothing in the bank.

We will continue to identify and track new opportunities as they arise, and to help sellers and buyers as best we can navigate the choppy waters of the high-end real estate market in Boca Raton, Highland Beach and Delray Beach.

Leave a Comment

Search Listings

• Search by City
• Search by Subdivision
• Search by Address
• Search by Zip Code
• Search by MLS Number
• Search by Map

Featured Communities

• Montoya Circle
• Toscana Condos
• Waterfront Homes
• The Oaks

Buyer and Seller Resources

• Site Map
• Privacy Policy