2018 Mid-Year Market reportSouthern Palm Beach County • Northern Broward County

We are pleased to present the 2018 Nestler Poletto Sotheby’s International Realty Mid-Year Market Report, which offers an overview of the Mid to South Palm Beach and Northern Broward counties residential real estate market closed activity from January 1 to June 30, 2018 in comparison to the same period of 2017. This report focuses on all single-family and condominium sales listed at $500,000 or above for that six-month period. It includes the number of units sold, average sold price, and number of days on the market for 15 separate markets. In addition, we also showcase some exciting new construction projects and significant sales in the market.

This page: The Sanctuary, Boca Raton • Offered at $5,495,000Front cover: Long Lake Estates, Boca Raton • Offered at $3,595,000

rtfully uniting extraordinary homes with extraordinary lives.A

Southern palm Beach County Single Family Homes Q1-Q2 2018 Q1-Q2 2017 % Change

UnitsSold

averageSold Price

dayson Market

Northern Broward County Condos Q1-Q2 2018 Q1-Q2 2017 % Change

UnitsSold

averageSold Price

dayson Market

Northern Broward County Single Family Homes Q1-Q2 2018 Q1-Q2 2017 % Change

UnitsSold

averageSold Price

dayson Market

Southern Palm Beach County Single Condos Q1-Q2 2018 Q1-Q2 2017 % Change

UnitsSold

averageSold Price

dayson Market

1,384 1,235 12%

$1,236,807 $1,179,533 5%

109 111 -2%

508 486 5%

$858,021 $856,893

86 86

285 219 30%

$995,334 $981,193 1%

104 112 -7%

66 54 22%

$685,805 $844,342 -19%

95 118 -19%

Horseshoe Acres, Boca Raton • $9,490,0006BR, 5.1BA ultra-contemporary home on 7.5 acres

Direct Intracoastal, Lighthouse Point • $5,500,0005BR, 6BA, club room, loft on 90 feet of Intracoastal

111 First Delray, Delray Beach • from $440,00070 residences on 5 floors in the heart of downtown

N e w C o N St rU Ct i o Nexclusively represented by Nestler Poletto Sotheby’s International Realty

Seagate, Delray Beach • $5,295,0005BR home between the Intracoastal and ocean

The Sanctuary, Boca Raton • $5,495,0004BR home with 90 feet of deep water dock off Intracoastal

Coral Key Villas, Lighthouse Point • $1,889,0004BR home an 80-foot wide canal is a boater’s dream

Single Family Homes Condos Q1-Q2 2018 Q1-Q2 2017 % Change Q1-Q2 2018 Q1-Q2 2017 % ChangeBoca raton Units Sold 563 530 6% 135 101 34% Avg Sold Price $1,172,270 $1,193,590 -2% $1,146,448 $1,144,665 0% Days On Market 104 115 -10% 119 130 -8%

Boynton Beach Units Sold 204 174 17% 3 8 -63% Avg Sold Price $658,282 $645,844 2% $625,833 $639,312 -2% Days On Market 93 105 -11% 76 131 -42%

delray Beach Units Sold 314 272 15% 65 49 33% Avg Sold Price $1,202,708 $1,073,017 12% $768,703 $773,938 -1% Days On Market 115 112 3% 78 84 -7%

Gulf Stream Units Sold 22 5 340% 8 3 167% Avg Sold Price $4,561,398 $5,347,000 -15% $2,211,500 $829,166 167% Days On Market 255 365 -30% 139 101 38%

Highland Beach Units Sold 5 5 0% 67 52 29% Avg Sold Price $4,856,400 $2,817,000 72% $810,219 $927,071 -13% Days On Market 176 40 340% 95 102 -7%

SoUtHerN palM BeaCH CoUNtY

Addison Reserve Country Club, Delray Beach Offered at $3,500,000

Single Family Homes Condos Q1-Q2 2018 Q1-Q2 2017 % Change Q1-Q2 2018 Q1-Q2 2017 % Changelake worth Units Sold 81 48 69% 1 0 N/A Avg Sold Price $718,070 $610,022 18% $525,000 N/A N/A Days On Market 77 83 -7% 136 N/A N/A

Manalapan Units Sold 7 8 -13% 2 1 100% Avg Sold Price $10,446,428 $13,973,104 -25% $815,000 $737,500 11% Days On Market 277 115 141% 79 128 -38%

Ocean Ridge Units Sold 20 22 -9% 3 4 -25% Avg Sold Price $3,383,218 $1,471,673 130% $785,000 $1,037,500 -24% Days On Market 168 118 42% 154 130 18%

wellington Units Sold 168 171 -2% 1 1 0% Avg Sold Price $1,287,061 $1,202,455 7% $570,000 $650,000 -12% Days On Market 115 108 6% 105 0 N/A

NOTE: Numbers based on homes listed at $500,000 or above, comparing the periods 1/1/2017 - 6/30/2017 and 1/1/2018 - 6/30/2018. This representation is based in whole or in part on information supplied by the Realtor’s Association of South Palm Beach County or its Multiple Listing Service. Neither the Association or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.

Blue Bayou/Hypoluxo Island, Lantana Offered at $5,995,000

Single Family Homes Condos Q1-Q2 2018 Q1-Q2 2017 % Change Q1-Q2 2018 Q1-Q2 2017 % ChangeCoral Springs Units Sold 100 71 41% 0 0 N/A Avg Sold Price $591,853 $592,946 0% N/A N/A N/A Days On Market 55 62 -11% N/A N/A N/A

Deerfield Beach Units Sold 28 33 -15% 16 7 129% Avg Sold Price $782,548 $791,545 -1% $717,431 $659,928 9% Days On Market 82 91 -10% 87 113 -23%

Hillsboro Beach Units Sold 3 2 50% 13 15 -13% Avg Sold Price $14,456,667 $17,312,500 -16% $669,965 $1,318,867 -49% Days On Market 255 450 -43% 130 167 -22%

NortHerN Broward CoUNtY

Parkland Golf & Country Club Offered at $3,500,000

Single Family Homes Condos Q1-Q2 2018 Q1-Q2 2017 % Change Q1-Q2 2018 Q1-Q2 2017 % Changelighthouse point Units Sold 71 80 -11% 1 0 N/A Avg Sold Price $1,046,972 $1,125,375 -7% $530,000 N/A N/A Days On Market 112 119 -6% 88 N/A N/A

Parkland Units Sold 210 229 -8% 0 1 N/A Avg Sold Price $710,379 $721,796 -2% N/A $495,000 N/A Days On Market 85 80 6% N/A 42 N/Apompano Beach Units Sold 96 71 35% 36 31 16% Avg Sold Price $915,555 $820,892 12% $681,797 $667,645 2% Days On Market 96 79 22% 86 98 -12%

NOTE: Numbers based on homes listed at $500,000 or above, comparing the periods 1/1/2017 - 6/30/2017 and 1/1/2018 - 6/30/2018. This representation is based in whole or in part on information supplied by the Realtor’s Association of South Palm Beach County or its Multiple Listing Service. Neither the Association or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.

Parkland Golf & Country Club Offered at $3,300,000

Each Office Is Independently Owned And Operated

200 East Palmetto Park Road, Suite 104Boca Raton, Florida 33432

561-997-7227npsir.com

900 East Atlantic Avenue, Suite 18Delray Beach, Florida 33483

561-381-9090

SigNiFiCaNt SaleS

Address Selling Price A/C Sq. Ft.901 South Ocean Boulevard, Delray Beach $26,750,000 13,087900 South Ocean Boulevard, Manalapan $24,000,000 11,3926161 North Ocean Boulevard, Ocean Ridge $19,879,375 10,620700 South Ocean Boulevard, Manalapan $18,500,000 9,058995 HillsboroMile, Hillsboro Beach $16,000,000 13,9141131 Hillsboro Mile, Hillsboro Beach $14,370,000 12,527850 NE 5th Avenue, Boca Raton $14,250,000 10,6843545 North Ocean Boulevard, Gulf Stream $14,250,000 8,9223501 North Ocean Boulevard, Gulf Stream $13,878,275 5,8161960 South Ocean Boulevard, Manalapan $13,500,000 23,817

TOP MARKET SALES JULy 1, 2017 - JUNE 30, 2018FroM MaNalapaN to HillSBoro Mile

NOTE: This representation is based in whole or in part on information supplied by the Realtor’s Association of South Palm Beach County or its Multiple Listing Service. Neither the Association or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.