Today's number 564

Today’s Number: 564

If you’re interested in buying a condo in Boca, focus on this number

One major theme with regard to recent condo development in South Florida is encapsulated by one word: overbuilt. Let’s focus on Boca, because it’s due to reverse the trend. Between now and 2025, Boca will see the completion of just three new condo developments, and they are all stellar: the ALINA Residences, the Residences Mandarin Oriental and the Royal Palm Residences. Now about that 564: The Boca Raton Condos Active Listing Analysis is currently at a 10-year low with only 564 active condos in the MLS. Moreover, 75% of developer condo units have been sold (as of April 2021). So if you’ve been hearing about a housing shortage instead of a housing glut, Boca Raton provides a valuable data point, courtesy of RelatedISG Realty.

Drew Limsky
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