Boca Raton 55+ Condominium Market Update (HOPA) – July 2026

Professional Market Analysis and Commentary by Tom Dunphy Realtor

Tom Dunphy Realtor

Thomas J. Dunphy III

Florida State-Certified Residential Real Estate Appraiser – RD8755
APPRAIS – Florida Licensed Real Estate Appraisal Company
Licensed Florida Real Estate Sales Associate
Fulton Grace Realty
TomDunphySellsRealEstate.com

"Monthly Market Reports Interpreted Through the Eyes of a Florida State-Certified Residential Real Estate Appraiser and Florida Realtor."

Welcome

Welcome to my July 2026 Boca Raton 55+ Condominium Market Update.

Whether you're searching for your first home in an active-adult community, relocating to South Florida, purchasing a seasonal residence, downsizing, or preparing to sell your current condominium, understanding today's market is one of the most important steps you can take.

Many real estate websites simply report statistics. My goal is different.

As both a Florida State-Certified Residential Real Estate Appraiser (RD8755) with APPRAIS and a Florida Realtor with Fulton Grace Realty, I analyze residential markets by studying closed sales, active listings, absorption rates, housing supply, marketing times, pricing trends, and buyer activity. Rather than simply presenting statistics, I explain what the numbers mean and how they may influence your real estate decisions.

This report is intended to educate buyers and sellers about the Boca Raton 55+ condominium market. It is general market commentary and should not be interpreted as an appraisal or opinion of value for any individual property.

Community Overview

Boca Raton's 55+ condominium communities provide an attractive lifestyle for active adults seeking homeownership with reduced exterior maintenance and access to a variety of community amenities.

Many communities offer clubhouses, swimming pools, fitness centers, tennis or pickleball courts, walking paths, organized social activities, and professionally maintained common areas. These amenities allow residents to enjoy an active lifestyle while minimizing many of the maintenance responsibilities associated with owning a detached home.

Located near beaches, shopping, restaurants, golf courses, healthcare facilities, and major transportation corridors, Boca Raton continues to attract retirees, seasonal residents, and buyers seeking Florida's year-round lifestyle.

Communities operating under the Housing for Older Persons Act (HOPA) are generally designed for residents 55 years of age and older. However, each condominium association establishes its own governing documents, financial requirements, reserve funding, monthly association fees, rental policies, pet restrictions, and other rules that prospective buyers should carefully review before purchasing.

July 2026 Market Overview

The Boca Raton 55+ condominium market remained stable and generally healthy during the current three-month reporting period. While the market is not experiencing exceptionally rapid appreciation, buyer demand has remained steady, pricing has been relatively consistent, and overall market conditions continue to reflect a balanced environment.

The number of closed sales remained relatively consistent over the twelve-month analysis period, while the absorption rate increased during the current three-month reporting period, indicating continued buyer activity. At the same time, active inventory and months of housing supply also increased, providing buyers with a broader selection of available condominiums. Despite the additional inventory, median sale prices remained relatively stable, and sellers continued to achieve a median sale-to-list price ratio of 100%.

During the current three-month reporting period:

138 condominiums closed
Buyers purchased approximately 46 condominiums per month
291 condominiums were actively listed
The market reported approximately 6.33 months of housing supply
The median sale price was $142,000
The median list price was $164,997
The median marketing time for closed sales was 81 days
Active listings reported a median marketing time of 99 days
The median sale-to-list price ratio remained 100%
No foreclosure or short-sale closed sales were reported during the current three-month reporting period.

Overall, the available market data supports a conclusion of a stable and generally healthy market. Although inventory has increased compared with earlier reporting periods, buyer demand has also remained active, pricing has been relatively consistent, and distressed sales have had little influence on this market segment. As South Florida approaches its traditional seasonal buying period, future market activity will continue to provide additional insight into developing trends.

Understanding the Market

Real estate statistics can sometimes seem confusing when they are presented without explanation. As both a Florida State-Certified Residential Real Estate Appraiser (RD8755) and a Florida Realtor, I believe buyers and sellers should understand not only what the numbers are, but what they mean and why they matter.

When appraisers analyze a market, we don't rely on a single statistic. We study multiple indicators together to better understand buyer demand, inventory levels, pricing trends, marketing times, and overall market conditions.

The following are several of the primary indicators I analyze when evaluating the Boca Raton 55+ condominium market.

What Is the Median Sale Price?

The median sale price is the middle sale price after all closed sales are arranged from the lowest sale price to the highest sale price.

Half of the condominiums sold for less than the median price, while the other half sold for more. The median is different from the arithmetic mean (average) and is not the price at which the greatest number of properties sold.

Appraisers often rely on the median because it is generally less affected by unusually high or unusually low sales than the arithmetic mean, making it a useful measurement when comparing one reporting period with another.

For the Boca Raton 55+ condominium market, the reported median sale prices were:

$138,818 during the prior seven-to-twelve-month reporting period
$150,000 during the prior four-to-six-month reporting period
$142,000 during the current three-month reporting period.

What Does This Mean?

The median sale price has remained relatively stable throughout the past year.

While the current reporting period reflects a modest decline from the prior four-to-six-month period, pricing remains generally consistent with the earlier seven-to-twelve-month reporting period. This suggests that condominium values within this market segment have remained relatively stable despite normal market fluctuations.

It is also important to remember that every condominium is different. Factors such as location within the community, floor level, condition, renovations, amenities, monthly association fees, and recent comparable sales all influence market value.

What Is the Absorption Rate?

One statistic appraisers frequently analyze is the absorption rate.

Simply put, the absorption rate measures how quickly buyers are purchasing available properties within a market.

During the current three-month reporting period, 138 condominiums sold. Dividing those sales by three months results in an absorption rate of approximately 46 condominiums per month. In other words, buyers purchased an average of approximately 46 condominiums each month during the reporting period.

The reported absorption rates were:

42.33 condominiums per month during the prior seven-to-twelve-month reporting period
38.33 condominiums per month during the prior four-to-six-month reporting period
46.00 condominiums per month during the current three-month reporting period.

What Does This Mean?

Think of the market like a sponge.

Instead of absorbing water, the market is absorbing available condominiums.

The faster buyers purchase available units, the higher the absorption rate.

The increase in the current absorption rate suggests continued buyer demand and indicates that purchasers remained active despite the increase in available inventory.

What Is Months of Housing Supply?

Another important market indicator is months of housing supply.

This statistic estimates how long it would take to sell every condominium currently listed for sale if no additional properties entered the market and buyers continued purchasing homes at the current pace.

At the end of the reporting period:

291 condominiums were actively listed
Buyers were purchasing approximately 46 condominiums per month

This resulted in approximately 6.33 months of housing supply.

What Does This Mean?

If no additional condominiums were listed for sale, it would take approximately 6.3 months to sell the existing inventory at the current pace of sales.

The reported housing supply was:

4.61 months during the prior seven-to-twelve-month reporting period
5.77 months during the prior four-to-six-month reporting period
6.33 months during the current three-month reporting period.

Housing supply has gradually increased throughout the past year. Although buyers continue to purchase condominiums at a healthy pace, additional inventory has entered the market, providing purchasers with more choices than during earlier reporting periods.

What Is Days on Market?

Days on Market (DOM) measures how long a condominium remains listed before going under contract.

During the current reporting period:

Closed sales reported a median marketing time of 81 days.
Active listings reported a median marketing time of 99 days.

The median marketing time for closed sales changed from:

107 days during the prior seven-to-twelve-month reporting period
87 days during the prior four-to-six-month reporting period
81 days during the current three-month reporting period.

What Does This Mean?

Marketing times have gradually improved throughout the past year.

The current median marketing time of 81 days indicates that well-priced condominiums continue to attract buyers within a typical exposure period. While not every property will sell at the same pace, the data suggests continued buyer interest in this market segment.

What Is the Sale-to-List Price Ratio?

The sale-to-list price ratio compares the final sale price with the seller's asking price.

During all three reporting periods, the median sale-to-list price ratio remained 100%.

What Does This Mean?

A median ratio of 100% suggests that many condominiums sold at or near their asking prices.

However, this does not mean that every seller received full asking price. Some properties may have experienced price reductions before selling, while others attracted stronger buyer interest.

Appraisers analyze this statistic together with inventory levels, absorption rates, marketing times, and comparable sales to develop a more complete understanding of overall market conditions.

What This Means for Buyers

If you're considering purchasing a condominium in one of Boca Raton's 55+ communities, the current market offers a healthy selection of available properties while continuing to reflect generally stable conditions.

During the current three-month reporting period, the market reported approximately 6.33 months of housing supply, giving buyers more inventory to choose from than during earlier reporting periods. At the same time, buyers continued purchasing approximately 46 condominiums per month, and median marketing time remained a typical 81 days, indicating continued buyer activity.

Although inventory has increased, median sale prices have remained relatively stable over the past year. This provides buyers with additional choices without evidence of significant price volatility.

Before making an offer, buyers should carefully evaluate:

Recent comparable condominium sales
Monthly association fees
Reserve funding
Pending or anticipated special assessments
Building maintenance and condition
Insurance responsibilities
Rental and pet restrictions
Community amenities
Interior condition and updates
Current competing listings

Purchasing a condominium is about more than selecting the right unit. Understanding the association, community rules, and current market conditions helps buyers make informed long-term decisions.

What This Means for Sellers

For homeowners considering selling, the current Boca Raton 55+ condominium market continues to provide opportunities, although buyers have more inventory available than they did earlier in the year.

During the current reporting period:

Buyers purchased approximately 46 condominiums per month.
Median sale prices remained relatively stable.
Median marketing time improved to 81 days.
Sellers continued achieving a 100% median sale-to-list price ratio.

These statistics suggest that well-priced condominiums continue to attract buyers despite the increase in available inventory.

Today's buyers carefully compare association fees, reserve funding, amenities, building condition, recent comparable sales, and competing listings before making purchasing decisions.

Before listing your condominium, consider:

Recent comparable sales
Current competing listings
Monthly association fees
Building amenities
Reserve funding
Pending assessments
Interior condition and updates
Professional photography
Accurate pricing supported by current market data

Proper preparation and realistic pricing continue to position sellers to compete effectively within today's market.

Appraiser's Perspective

As both a Florida State-Certified Residential Real Estate Appraiser (RD8755) and owner of APPRAIS, I evaluate multiple market indicators together rather than relying on any single statistic.

From my review of the current market data, the Boca Raton 55+ condominium market appears stable and generally healthy.

The total number of closed sales has remained relatively consistent over the past twelve months, while the absorption rate increased during the current three-month reporting period, indicating continued buyer demand. At the same time, active inventory and months of housing supply also increased, providing buyers with additional choices in the marketplace.

Median sale prices have remained relatively stable throughout the past year, and median marketing time has gradually improved. Sellers also continued to achieve a median sale-to-list price ratio of 100%, suggesting that appropriately priced condominiums continued to attract buyers despite the increase in available inventory.

Overall, I believe the available data supports a conclusion of a stable and generally healthy market. While the market is not experiencing exceptionally rapid appreciation, buyer demand has remained steady, pricing has been relatively consistent, and distressed sales have had little influence on this market segment. As South Florida approaches its traditional seasonal buying period, future market activity should continue to be monitored for developing trends.

Although these statistics provide valuable insight into the overall market, they should not be interpreted as establishing the value of any individual condominium. Every property is unique, and market value depends on factors such as location within the development, floor level, condition, renovations, association fees, amenities, and the most comparable recent sales available at the time of analysis.

Tom Dunphy Realtor's Take

One of the things I appreciate most about analyzing real estate markets is that every community has its own story.

The Boca Raton 55+ condominium market is a good example of a market that has remained balanced. Buyers have more inventory to choose from than they did earlier in the year, but demand has remained steady and pricing has generally held its own. That's a healthy combination because it gives buyers options while allowing sellers of well-priced properties to continue attracting interest.

If I were advising a buyer today, I'd encourage them to look beyond the purchase price. Take the time to understand the condominium association, reserve funding, monthly fees, community amenities, and the overall financial health of the development. Those factors can be just as important as the unit itself.

If I were advising a seller, I'd focus on preparation, realistic pricing, and understanding the competition. Buyers today have access to more information than ever before, and condominiums that are well presented and priced in line with current market conditions generally place themselves in a stronger position to succeed.

My commitment is simple: I believe trust begins with honesty. My goal is to explain the market based on the available data—not simply tell clients what they want to hear. I believe informed buyers and sellers make better decisions, and that's the standard I strive to provide every day.

Search Boca Raton 55+ Condominiums

If you're considering purchasing a condominium in one of Boca Raton's 55+ communities, staying informed about new listings and changing market conditions is one of the best ways to make confident real estate decisions.

At TomDunphySellsRealEstate.com, you can search current Boca Raton 55+ condominium listings, save your favorite properties, and receive automatic notifications when new listings matching your search criteria become available.

Creating a free account allows you to:

Search the latest Boca Raton 55+ condominium listings
Save favorite properties
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Receive automatic listing alerts
Monitor price reductions
Stay informed about current market activity

Whether you're actively searching today or simply researching the market, my website is designed to provide the tools and information you need throughout your real estate journey.

Explore Other Florida Real Estate Market Reports

Every community has its own real estate story.

That's why I publish professional monthly market reports covering communities throughout Palm Beach County and the Treasure Coast. These reports go beyond simply reporting statistics by explaining what the numbers mean and how they may influence buyers, sellers, investors, and homeowners.

Each report includes analysis of:

Median sale prices
Absorption rates
Housing supply
Marketing times
Inventory trends
Sale-to-list price ratios
Buyer and seller activity
Overall market conditions

Whether you're buying, selling, relocating to Florida, or simply following your local market, these reports are designed to help you make informed real estate decisions with confidence.

(Insert links to your other market reports here.)

Why Work with Tom Dunphy Realtor?

Buying or selling a home is one of the most important financial decisions most people will make.

Choosing the right Realtor isn't simply about finding someone to unlock a door or place a sign in your yard. It's about choosing someone you trust to provide honest advice, clear communication, and professional guidance throughout the process.

As both a Florida Realtor and a Florida State-Certified Residential Real Estate Appraiser (RD8755) with APPRAIS, I bring a unique perspective to every client relationship.

My appraisal experience helps me interpret market trends, analyze comparable sales, understand pricing strategies, and explain changing market conditions. My experience as a Realtor allows me to apply that knowledge to help buyers and sellers make informed decisions that fit their individual goals.

My philosophy is simple: I believe trust begins with honesty.

Every market is different, and not every statistic tells the same story. My goal is to explain the market as I see it based on the available data—not to tell you what I think you want to hear. Whether the market is strengthening, remaining stable, or showing signs of softening, you deserve straightforward information so you can make informed decisions with confidence.

Whether you're purchasing your first condominium, relocating to Florida, investing, buying a seasonal residence, or preparing to sell, my commitment is to provide professional representation, honest communication, and market analysis you can trust.

Contact Tom Dunphy Realtor

If you have questions about the Boca Raton 55+ condominium market or would like to discuss buying or selling a property, I'd be happy to help.

Tom Dunphy Realtor

Thomas J. Dunphy III

TomDunphySellsRealEstate.com

Helping buyers and sellers make informed real estate decisions through professional market analysis, local expertise, and appraisal experience.

Thank you for reading my market report. I hope it has helped you better understand today's real estate market. If you have questions about buying, selling, relocating to Florida, or simply understanding your local market, please don't hesitate to contact me. I'd be honored to earn your trust and the opportunity to assist you with your real estate goals.

Disclaimer

This market report is provided for general informational and educational purposes only. It is intended to help readers better understand overall market conditions and should not be interpreted as an appraisal, broker price opinion, comparative market analysis for a specific property, legal advice, tax advice, financial advice, or an opinion of value.

The statistics discussed in this report describe the overall Boca Raton 55+ condominium market and should not be relied upon to determine the value or marketability of any individual property. Every condominium is unique, and factors such as location within the development, floor level, condition, quality, updates, monthly association fees, reserve funding, amenities, financing terms, and comparable sales may affect market value.

Readers should independently verify all information before making real estate decisions.