Page 31 - Boca ViewPointe - June '20

June 2020 Viewpointe, Page 31

I Didn’t Know That ...

Bet You Didn’t Know It Either

Fascinating trivia facts only is December the most popular time for proposals, but South Africa. Weighing a staggering 3,106 carats, it was
compiled by Stanley over half of all engagements that month tend to occur during the largest rough diamond ever found, and was named after
Morgenbesser the week of Dec. 19. Thomas Cullinan, the mine’s chairman. The Cullinan was
The Infamous Soft Drink Disaster Known As New Coke later cut into nine large stones and about 100 smaller ones.
Which is the only insect Was Later Sold Under What Name? The largest stone is called the “Star of Africa I,” or “Cullinan
that can turn its head 180 In 1985, Coca-Cola retooled its formula and introduced a I,” and at 530 carats is the largest-cut fine-quality colorless
degrees? newer, sweeter beverage called “New Coke.” Less than three diamond in the world. The second largest stone, the “Star of
The praying mantis is the months after New Coke’s unveiling, the company gave in to Africa II” or “Cullinan II,” is 317 carats. Both of these stones
only insect that can turn its protests and returned to the original formula under the name are on display in the Tower of London.
head 180 degrees and scan its Coca-Cola Classic. The new product continued to be marketed Who Is The Only Person Named Oscar To Win An Oscar?
surroundings. No other insect until 1992, when it was renamed Coke II. The new name didn’t Lyricist Oscar Hammerstein II is the only person named
can do so. It has a flexible help, and Coke II was killed off for good in July 2002. Oscar to win an “Oscar” at the Academy Awards. Hammerstein
joint between the head and prothorax that enables it to swivel its What Was The Frisbee Originally Named? was perhaps the most influential lyricist of the American
head. The praying mantis is named for its prominent front legs, The story of the Frisbee began in Bridgeport, Connecticut, theater. Major musicals for which he wrote the lyrics include
which are bent and held together at an angle that suggests the where William Frisbie opened the Frisbie Pie Company in Showboat, South Pacific, The King and I, and The Sound
position of prayer. The adult female praying mantis is known 1871. Students from nearby universities would throw the empty of Music. Hammerstein won two Oscar awards in the Best
to eat her mate just after or during mating. pie tins to each other, yelling “Frisbie!” as they let go. In 1955, Original Song category, one for The Last Time I Saw Paris
Since 1989, Major League Baseball Has Not Had Any Left- Walter Morrison invented a plastic version of the disc and sold from Lady Be Good and a second award for It Might as Well
Handed Throwers Play Which Position? it to the toy company Wham-O as the “Pluto Platter” – an Be Spring from State Fair. 
Being left-handed in baseball, except in rare cases, means attempt to capitalize on the nation’s flying saucer hysteria. A
exclusion from the position of catcher. The most common year after the toy’s release, Wham-O changed its name to the
reason cited is that a left-handed catcher is at a disadvantage in Frisbee, a reference to the historic pie company.
making the throw to third base, especially with a right-handed Which Historic Woman Committed Suicide By Allowing Are You Watching
hitter at the plate. The last left-handed catcher to play in the big A Poisonous Snake To Bite Her?
leagues was Benny Distefano, who caught three games for the Cleopatra, who reigned as queen of Egypt during the Your Speed?
Pittsburgh Pirates in 1989. first century B.C., is one of the most famous female rulers in
Why Did Steve Jobs Name His Company “Apple”? history. During her reign, she forged political alliances and
Steve Jobs had one practical reason for naming the became romantically involved with Roman military leaders Please obey all posted speed
Apple computer and one whimsical reason. The first was Julius Caesar and Mark Antony. Cleopatra committed suicide limit signs throughout Boca Pointe
because he wanted the company to be listed in front of Atari by allowing an asp (Egyptian cobra) to bite and poison her. for the safety of our residents. As
in the telephone book. The second was because he thought The death of Cleopatra has been depicted in various works of a reminder, the speed limits are as
the name Apple for a computer was playful, and he was a art throughout history. follows:
fruitarian at the time. Which Five States Are The Least Affordable For Retirees Boca Pointe Drive 30mph
According To Statistics, Engagements Most Commonly In 2020? Via de Sonrisa del Norte 25mph
Occur In Which Month? 5) Minnesota; 4) Rhode Island; 3) New Jersey; 2) Vermont; Promenade Drive 20mph
The festive season is the most popular time of year for 1) New York. SPEEDING FINES ARE NOW BEING
men and women to get engaged. The data reveals December Which Is The Largest Diamond Ever Found? ENFORCED!! 
as overwhelmingly the most popular month to propose. Not The Cullinan Diamond, discovered in 1905 in Pretoria,

Susan Brody Please call, text or email Susan for your

561.405.8571 professional and confidential conversation

susan.brody@elliman.com about your real estate needs! Number of Sales
Boca Raton Condo
Median Sales Price
900
$300K elliman.com/marketreports
Report the quarter saw limited activity. The most important and by 25.6% for single-family properties. New year. Highland Beach condo sales were jumped over
Q1-2020
The Elliman Report • Quarterly Survey of Boca Raton and Highland Beach Residential Sales
800
$240K
$180K
700
metric from mid-March and on has been the declining
the same period, while single-family sales showed
Year 2020 through mid-March 2020 • Condo sales
$120K
600
nominal activity.
increased 10.2% to 658, and single-family sales rose
trend in listing inventory since year-end. Luxury listing
inventory declined year over year by 5.8% for condos
18.5% to 576 respectively from the same period last
$60K
500
400
$0
Q4-2019
Q1-2020
Q1-2019
2017
2016
2010
2014
2020
2011
Q1-2020 Boca Raton Sales Luxury Luxury Condo Matrix 2012 2013 $1,682,398 2015 %∆ (qtr) $1,233,567 2018 %∆ (yr) 2019 $1,600,855
36.4%
Average Sales Price
5.1%
$522
$530
Average Price Per Sq Ft
$465
14.0%
1.5%
• Condo and single-family inventory
fell short of year-ago levels Median Sales Price $1,150,000 27.8% $900,000 -2.1% $1,175,000
• Condo and single-family price Number of Sales (Closed) 66 -4.3% 69 10.0% 60
Boca Raton Condo Matrix Q1-2020 %∆ (qtr) Q4-2019 %∆ (yr) Q1-2019 trend indicators showed mixed Days on Market (From Last List Date) 144 37.1% 105 -1.4% 146
Average Sales Price $384,369 17.6% $326,828 7.7% $356,731 results Listing Discount (From Last List Price) Boca Raton Single Family 8.4% Number of Sales 8.2%
8.2%
Median Sales Price
Average Price Per Sq Ft $230 9.0% $211 3.6% $222 • Single-family average square Listing Inventory 295 13.5% 260 -5.8% 313
900
Median Sales Price $240,000 6.7% $225,000 10.3% $217,500 footage reached its largest $625K 13.4 18.6% 11.3 -14.6% 15.7
Months of Supply
Condo Number of Sales (Closed) 658 -3.5% 682 10.2% 597 size recorded in this series $500K $620,000 4.2% $595,000 -6.8% $665,000
Entry Price Threshold
780
72
79
80
Average Square Feet (Closed)
Dashboard Days on Market (From Last List Date) 6.8% 9.7% 6.5% -1.3% 6.8% • Condo median sales price $375K 3,174 19.1% 2,666 3.5% 3,067
660
Listing Discount (From Last List Price)
YEAR-OVER-YEAR declined year over year for Luxury Single Family Matrix Q1-2020 %∆ (qtr) Q4-2019 %∆ (yr) Q1-2019
Listing Inventory (Active) 1,329 -1.4% 1,348 -13.0% 1,527 the fourth straight quarter $250K $3,481,339 17.8% $2,955,270 7.0% $3,254,449
Average Sales Price
540
+ 10.3% Months of Supply 6.1 3.4% 5.9 -20.8% 7.7 Average Price Per Sq Ft $437 7.4% $407 -4.0% $455
Average Square Feet (Closed) 1,671 7.9% 1,549 4.0% 1,607 $125K $2,548,830 34.5% $1,895,000 39.3% $1,830,000
420
Median Sales Price
Prices Median Sales Price
Median Sales Price Boca Raton Condo Number of Sales Luxury Condo Mix Sales Share Volume Share Number of Sales (Closed) 58 0.0% 58 18.4% 300
49
$0
+ 10.2% $300K 900 > $2M (%) 2.6% 23.8% Days on Market (From Last List Date) 2013 2014 167 2015 -9.2% 2017 184 2018 22.8% 2019 2020136
2016
2011
2012
2010
Sales Closed Sales $240K 800 $1M – $2M (%) 3.5% 12.1% Listing Discount (From Last List Price) 8.8% -10.0% 9.6% -25.6% 9.4%
305
410
Listing Inventory
339
- 13.0% $180K 700 Min. – $1M (%) 93.9% 64.2% Months of Supply 15.8 -9.7% 17.5 -37.1% 25.1
Median Sales Price
Inventory Total Inventory $120K Boca Raton Condo Number of Sales 600 Luxury Single Family Mix Sales Share Volume Share Entry Price Threshold $1,557,500 26.4% $1,232,500 15.4% $1,350,000
7,267
7,969
7,139
11.6%
9.7%
Average Square Feet (Closed)
7.3%
- 1 day $300K 900 > $2M (%) 10.2% 36.0% Median Sales Price Boca Raton Luxury Number of Sales
$60K
500
16.7%
$1M – $2M (%)
Marketing Time $240K 800 Min. – $1M (%) 82.5% 47.3% Condo Single Family Condo Single Family
$0
400
Days On Market $180K 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 700 $3.0M 100
contained within the other markets presented.
Boca Raton Single Family Matrix Q1-2020 %∆ (qtr) Q4-2019 %∆ (yr) Q1-2019 This sub-category is the analysis of the top ten percent of all sales. The data is also
600
$120K $840,655 11.7% $752,875 9.8% $765,708 $2.5M 88
Average Sales Price
Single Family Average Price Per Sq Ft $232 6.9% $217 5.0% $221 $2.0M 76
$60K
500
Median Sales Price $492,250 3.6% $475,000 9.4% $450,000
Dashboard $0 400 Highland Beach $.15M 64
Number of Sales (Closed) 201220112010 2013 2014 576 2015 2.1% 2016 2017 564 2018 18.5% 2019 2020 486
YEAR-OVER-YEAR Median Sales Price Boca Raton Single Family Number of Sales
Days on Market (From Last List Date) 85 -1.2% 86 14.9% 74 $1.0M 52
900
+ 9.4% $625K 6.7% 7.0% 7.1% Condo $500K 40
Listing Discount (From Last List Price)
Listing Inventory (Active)
$500K 1,026 -4.2% 1,071 -28.4% 1,432 • Condo sales surged year over 2012 2013 2014 2015 2016 2017 2018 2019 2020
780
Prices Median Sales Price Months of Supply 5.3 -7.0% 5.7 -39.8% 8.8 year while listing inventory fell
660
+ 18.5% $375K 3,624 4.4% 3,472 4.8% 3,457 sharply Highland Beach Condo Matrix Q1-2020 %∆ (qtr) Q4-2019 %∆ (yr) Q1-2019
Average Square Feet (Closed)
Median Sales Price
$250K Boca Raton Single Family Number of Sales 540 • Condo price trend indicators Average Sales Price $1,129,635 66.1% $679,934 34.3% $840,907
Sales Closed Sales continued to show mixed results Average Price Per Sq Ft $468 26.1% $371 24.8% $375
$625K 900 from the prior-year quarter
420
$125K
-8.2%
- 28.4% $500K 780 Median Sales Price $528,000 -7.1% $568,500 37.0% $575,000
$0
37
27
37
300
0.0%
Number of Sales (Closed)
Inventory Total Inventory 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Single Family Days on Market (From Last List Date) 126 35.5% 93 -1.6% 128
$375K 660
7.3%
8.9%
+ 11 days $250K 540 • Single-family sales activity was Listing Discount (From Last List Price) DONT USE-STACKS THE AREA %∆ (yr) Q1-2019
8.0%
Q4-2019
Q1-2020
Highland Beach Single Family Matrix
%∆ (qtr)
Marketing Time $125K 420 nominal with a significant decline Median Sales Price $4,000,000 155.1% $1,568,000 131.2% Number of Sales
in listing inventory
$1,730,000
Average Sales Price
Days On Market Condo Single Family Condo Single Family
$0 300 • Single-family listing inventory Average Price Per Sq Ft $643 26.8% $507 85.8% $346
Median Sales Price
2011
2010
125
• Condo listing inventory fell year Median Sales Price 2012 2013 2014 2015 2016 2017 2018 2019 2020 fell for the fourth consecutive $2.5M $4,000,000 155.1% $1,568,000 131.2% $1,730,000
Boca Raton Luxury
quarter
Number of Sales
over year for six straight quarters Number of Sales (Closed) 1 0.0% 1 -50.0% 2
Condo
Single Family
Single Family
Condo
with the most significant decline Final two weeks of March 2020 • While the number market participants became fully aware of the $2.0M 100
in the current quarter of sales rose year over year for both property Coronavirus global pandemic after two significan Days on Market (From Last List Date) 13 -86.0% 93 -89.7% 126
$3.0M
100t
$1.5M
• Single-family listing inventory types, it did not reflect the market conditions of rate cuts by the Federal Reserve and the state stay- Listing Discount (From Last List Price) -1.3% 14.8% 6.6%
75
$2.5M
88
declined annually over the past the final two weeks of the quarter. Real estate at-home orders. As a result, the final two weeks of This sub-category is the analysis of Highland Beach sales. The data is also
four quarters at a rising rate contained within the other markets presented. $10M 50
• Single-family median sales price $2.0M Boca Raton Luxury 76
25
increased annually for the eighth Median Sales Price Number of Sales Questions or comments? Email report author $500K Douglas Elliman Real Estate Miller Samuel Real Estate Appraisers & Consultants
64
$.15M
time in nine quarters Condo Single Family Condo Single Family Jonathan Miller at jmiller@millersamuel.com 340 Royal Poinciana Way, Suite 318 21 West 38 th Street, New York, NY 10018
Methodology: millersamuel.com/research-reports/methodology
212.768.8100 • millersamuel.com
Palm Beach, FL 33480
$3.0M 100 $00 561.655.8600 | elliman.com 201420132012 2015 2016 2017 2018 2019 2020 0
$1.0M
52
$2.5M
$500K Prepared by Miller Samuel Real Estate Appraisers & Consultants 88 © 2020 DOUGLAS ELLIMAN REAL ESTATE AND MILLER SAMUEL REAL ESTATE APPRAISERS & CONSULTANTS. ALL WORLDWIDE RIGHTS RESERVED. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE
40
CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY
2012 2013 2014 2015 2016 2017 2018 2019 2020 LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL
$2.0M 76 ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY.
$.15M 64
$1.0M 52
$500K 40
2012 2013 2014 2015 2016 2017 2018 2019 2020
DONT USE-STACKS THE AREA
Median Sales Price Number of Sales
Condo Single Family Condo Single Family
$2.5M 125
$2.0M 100
DONT USE-STACKS THE AREA
$1.5M 75
Median Sales Price Number of Sales
Condo
$10M Single Family Condo Single Family
50
$2.5M
25
$500K 125
$2.0M 0 100
$00
2012 2013 2014 2015 2016 2017 2018 2019 2020
$1.5M 75
$10M 50
$500K 25
$00 0
2012 2013 2014 2015 2016 2017 2018 2019 2020