2017 First Quarter Market reportSouthern Palm Beach County • Northern Broward County

We are pleased to present the 2017 Nestler Poletto Sotheby’s International Realty 1st Quarter 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 March 31, 2017 in comparison to the same period of 2016. This report focuses on all single-family and condominium sales valued at $500,000 or above for that three-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: Addison Reserve, Delray Beach • Offered at $3,975,000Front Cover: Woodfield Country Club • Offered at $29,950,000

rtfully uniting extraordinary homes with extraordinary lives.A

Northern Broward County Single Family Homes Q1 2017 Q1 2016 % Change

Unitssold

Averagesold price

DaysOn Market

183 170 8%

$1,027,106 $861,507 19%

96 82 17%

Southern Palm Beach County Single Family Homes Q1 2017 Q1 2016 % Change

Unitssold

Averagesold price

DaysOn Market

484 431 12%

$1,391,268 $1,359,927 2%

119 118 1%

Southern Palm Beach County Condos Q1 2017 Q1 2016 % Change

Unitssold

Averagesold price

DaysOn Market

80 106 -25%

$1,082,219 $1,017,846 6%

133 102 30%

Northern Broward County Condos Q1 2017 Q1 2016 % Change

Unitssold

Averagesold price

DaysOn Market

16 25 -36%

$766,188 $783,817 -2%

158 118 34%

NeW CONStRUCtiON

Boca Villas, Boca Raton • $2,093,7705BR, 4.1BA “Green Certified” home in downtown Boca

Horseshoe Acres, Boca Raton • $7,950,0006BR, 6.1BA ultra-contemporary home on 7.5 acres

Direct intracoastal, Lighthouse Point • $5,750,0005BR, 5.1BA, club room, loft on 90 feet of intracoastal

estancia, Boynton Beach • from $379,000Luxury intracoastal Waterway three-floor townhomes

Boca Villas, Boca Raton • $2,208,0005BR, 4.1BA “Green Certified” home in downtown Boca

1200 the Ocean, Hillsboro Beach • from the $700,000sthe pinnacle of oceanfront living in Hillsboro Mile

111 First Delray, Delray Beach • from $380,00070 residences on 5 floors in the heart of downtown

new construction projects exclusively represented by

Single Family Homes Condos Q1 2017 Q1 2016 % Change Q1 2017 Q1 2016 % ChangeBoca Raton Units Sold 235 192 22% 45 57 -21% Avg Sold Price $1,247,081 $1,294,801 -4% $1,219,051 $1,165,877 5% Days On Market 126 118 7% 146 97 51%

Boynton Beach Units Sold 56 45 24% 1 0 #DiV/0! Avg Sold Price $649,842 $616,173 5% $603,000 0 #DiV/0! Days On Market 140 84 67% 149 0 #DiV/0!

Delray Beach Units Sold 106 95 12% 15 18 -17% Avg Sold Price $1,203,678 $1,593,580 -24% $845,600 $766,526 10% Days On Market 102 126 -19% 93 63 48%

Gulf Stream Units Sold 2 6 -67% 0 1 -100% Avg Sold Price $7,830,000 $3,464,167 126% 0 $2,800,000 -100% Days On Market 313 169 85% 0 423 -100%

Highland Beach Units Sold 0 6 -100% 16 27 -41% Avg Sold Price 0 $4,377,500 -100% $942,700 $854,972 10% Days On Market 0 209 -100% 127 124 2%

SOUtHeRN PALM BeACH COUNty

Oceanfront, Gulf Stream Offered at $10,750,000

Single Family Homes Condos Q1 2017 Q1 2016 % Change Q1 2017 Q1 2016 % ChangeLake Worth Units Sold 12 23 -48% 0 0 N/A Avg Sold Price $648,353 $659,471 -2% 0 0 N/A Days On Market 121 98 23% 0 0 N/A

Manalapan Units Sold 6 2 200% 0 2 -100% Avg Sold Price $15,854,417 $1,420,000 1017% 0 $522,500 -100% Days On Market 122 200 -39% 0 109 -100%

Ocean Ridge Units Sold 9 7 29% 3 0 #DiV/0! Avg Sold Price $1,694,444 $2,960,143 -43% $1,116,667 0 #DiV/0! Days On Market 101 106 -5% 168 0 #DiV/0!

Wellington Units Sold 58 55 5% 0 1 -100% Avg Sold Price $1,422,621 $1,320,548 8% 0 $710,000 -100% Days On Market 106 121 -12% 0 167 -100%

NOte: Numbers based on homes listed at $500,000 or above, comparing the periods 1/1/2016 - 3/31/2016 and 1/1/2017 - 3/31/2017. 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.

Mizner Lake Estates, Boca Raton Offered at $5,100,000

Single Family Homes Condos Q1 2017 Q1 2016 % Change Q1 2017 Q1 2016 % ChangeCoral Springs Units Sold 25 26 -4% 0 0 N/A Avg Sold Price $576,275 $570,592 1% 0 0 N/A Days On Market 70 104 -33% 0 0 N/A

Deerfield Beach Units Sold 16 17 -6% 5 4 25% Avg Sold Price $827,500 $657,593 26% $683,400 $800,668 -15% Days On Market 118 41 188% 149 66 126%

Hillsboro Beach Units Sold 2 1 100% 3 7 -57% Avg Sold Price $17,312,500 $9,580,000 81% $1,101,667 $803,071 37% Days On Market 450 120 275% 158 130 22%

NORtHeRN BROWARD COUNty

Coral Key Villas, Lighthouse Point Offered at $1,790,000

Single Family Homes Condos Q1 2017 Q1 2016 % Change Q1 2017 Q1 2016 % ChangeLighthouse Point Units Sold 32 28 14% 0 0 N/A Avg Sold Price $1,235,345 $1,285,957 -4% 0 0 N/A Days On Market 131 106 24% 0 0 N/A

parkland Units Sold 77 74 4% 0 0 N/A Avg Sold Price $676,889 $731,606 -7% 0 0 N/A Days On Market 81 66 23% 0 0 N/A

Pompano Beach Units Sold 31 24 29% 8 14 -43% Avg Sold Price $1,097,966 $863,167 27% $692,125 $769,375 -10% Days On Market 84 108 -22% 163 127 28%

NOte: Numbers based on homes listed at $500,000 or above, comparing the periods 1/1/2016 - 3/31/2016 and 1/1/2017 - 3/31/2017. 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.

Hillsboro Isles, Lighthouse Point Offered at $2,975,000

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.1370 South Ocean Boulevard, Manalapan $40,000,000 29,862800 South Ocean Boulevard, Manalapan $33,000,000 15,1631400 South Ocean Boulevard, Manalapan $28,200,000 16,609920 South Ocean Boulevard, Manalapan $28,000,000 14,025502 North Ocean Boulevard, Delray Beach $26,357,000 12,8281110 South Ocean Boulevard, Manalapan $22,109,100 14,685840 South Ocean Boulevard, Manalapan $20,231,500 12,24413180 Southfields Road, Wellington $20,000,000 4,5001115 Hillsboro Mile, Hillsboro Beach $20,000,000 10,7693346 Grand Prix Farms Drive, Wellington $17,450,000 18,800

TOP MARKET SALES APRiL 1, 2016 - MARch 31, 2017FROM 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.