Home Prices in Delray Beach FL for December 2016
Real estate market data for Delray Beach, FL provided by Elyse Berman of Realty Associates Florida Properties.
We saw an increase on home prices in Delray Beach FL in November. November market report shows an increase in single family homes as well as an increase in condos, villas and townhomes.
You can still get good deal on homes in Delray Beach, but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long. Many of our listings are selling within a few days of hitting the market.
As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Delray Beach home on which you are making an offer.
If you are interested in how much current inventory is on the market in Delray Beach, you can find that information by clicking on the link. Low inventory suggests that homes are not sitting on the market for very long, That is the market we are in at this time.
iLow inventory in Delray Beach has offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then, as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
I listed a villa that went under contract in 2 days! And, we had 3 offers in those 2 days. Seriously!
Delray Beach Real Estate Report Summary
In December 2016, the average list price for single family homes in Delray Beach FL was $ 641,030. This is an increase from the prior month. The price per square foot for single family listings in Delray Beach was $226, slightly down from last month.
In December 2016, the average list price for condos, villas and townhomes in Delray Beach, FL was $ 210,262, an increase from last month. The price per square foot for condos, villas and townhomes in Delray Beach was $ 146, also increased from the prior month.
In December, 2016 the average sold price for condos, villas and townhomes in Delray Beach was $ 197,556 with an average price per square foot of $ 136. This, too, showed an increase over the prior month.
Visit my website to search homes for sale in Delray Beach Florida or to be notified when Delray Beach homes for sale come on the market.
To find out what you home is worth in the current market email me or call/text me at 561-716-7824.
For more information about pet-friendly housing in Boca Raton FL and Boca Raton Real Estate, please contact me. I am a Boca Raton Real Estate Agent and can be reached at (561) 716-7824, by text or by email at Elyse@ElyseBerman.com.