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| Boca Raton Florida Median Home Price Stats - updated 06/29/09 |
Average Listing Price
$906,510 - Up $8,760 - / +1.0% w-o-w
Week ending June 24
Median Sale Price
$195,000 - Down $80,000 - / -29.1% y-o-y
The median sales price for homes in Boca Raton FL was $195,000 down $80,000 or 29.1%. There are 1,680
Pre-Foreclosures and 248 Bank Owned Properties in the Boca Raton market place as per RealtyTrac.com.
Order a property appraisal in Boca Raton - HERE
$906,510 - Up $8,760 - / +1.0% w-o-w
Week ending June 24
Median Sale Price
$195,000 - Down $80,000 - / -29.1% y-o-y
The median sales price for homes in Boca Raton FL was $195,000 down $80,000 or 29.1%. There are 1,680
Pre-Foreclosures and 248 Bank Owned Properties in the Boca Raton market place as per RealtyTrac.com.
Order a property appraisal in Boca Raton - HERE
| Toll Free: 866-775-3395 Palm Beach: 561-674-0498 Cell Line: 954-415-1630 Fax Line: 561-892-0913 |
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| Boca Raton Florida Market History |
Boca Raton is a city in Palm Beach County, Florida incorporated in May, 1925. It was listed on early maps as "Boca
Ratones". The literal translation of "Boca Raton" is "Mouse Mouth" ("rat" in Spanish is "rata"). One explanation for the
origin is the Spanish word boca (or mouth) was (and still is) used to describe an inlet and ratón (literally mouse) was
used by Spanish sailors to describe rocks that gnawed at a ship's cable. Another explanation is that it refers
metaphorically to the sense of pirate's cove. The name Boca Ratones originally appeared on eighteenth century
maps associated with an inlet in the Biscayne Bay area of Miami. By the beginning of the nineteenth century, the term
was mistakenly moved north to its current location on most maps and applied to Lake Boca Raton, whose inlet was
closed at the time.
The city's early history during the Florida land boom of the 1920s was as the site of Addison Mizner's Cloister Inn in
1927. It is today often referred to as the "pink hotel" and a 1969 addition is visible from miles away as a towering
building on the Intracoastal Waterway. Following the resort's initial construction, the Pearl City neighborhood of Boca
Raton was established to house the service personnel for the hotel.
Boca Raton has a strict development code, including the size and types of commercial buildings, building signs and
advertisements which may be erected within the city limits. No car dealerships are allowed in the municipality,
according to the city zoning code. Additionally, no billboards are permitted in the city. The only billboard was
grandfathered in during recent annexation. Corporations such as McDonald's have subdued their Golden Arches due
to the code.
Ratones". The literal translation of "Boca Raton" is "Mouse Mouth" ("rat" in Spanish is "rata"). One explanation for the
origin is the Spanish word boca (or mouth) was (and still is) used to describe an inlet and ratón (literally mouse) was
used by Spanish sailors to describe rocks that gnawed at a ship's cable. Another explanation is that it refers
metaphorically to the sense of pirate's cove. The name Boca Ratones originally appeared on eighteenth century
maps associated with an inlet in the Biscayne Bay area of Miami. By the beginning of the nineteenth century, the term
was mistakenly moved north to its current location on most maps and applied to Lake Boca Raton, whose inlet was
closed at the time.
The city's early history during the Florida land boom of the 1920s was as the site of Addison Mizner's Cloister Inn in
1927. It is today often referred to as the "pink hotel" and a 1969 addition is visible from miles away as a towering
building on the Intracoastal Waterway. Following the resort's initial construction, the Pearl City neighborhood of Boca
Raton was established to house the service personnel for the hotel.
Boca Raton has a strict development code, including the size and types of commercial buildings, building signs and
advertisements which may be erected within the city limits. No car dealerships are allowed in the municipality,
according to the city zoning code. Additionally, no billboards are permitted in the city. The only billboard was
grandfathered in during recent annexation. Corporations such as McDonald's have subdued their Golden Arches due
to the code.