$12M Boca Raton spec mansion tops signed contracts

A waterfront spec mansion in Boca Raton asking $12 million was the most expensive listing to find a buyer in Palm Beach County last week. Buyers signed 12 contracts between July 28 and Aug. 3 for luxury properties in Palm Beach County, according to a market report from Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week totaled $78 million in asking volume and averaged 297 days on market. That’s up from $54.3 million in asking volume for nine homes the previous week. The team’s report tracks signed contracts for single-family homes and condos asking $3 million or […]This article originally appeared on The Real Deal. Click here to read the full story.