Home Prices in Delray Beach for February 2017

Real estate market data for Delray Beach, FL provided by Elyse Berman of Realty Associates Florida Properties.

We saw a mixed bag on both listing and closed prices in February.  There was a decrease on single family home prices in Delray Beach FL while prices of condos, villas and townhouses rose.  February's market report shows shows this. 

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. Low 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 February 2017, the average list price for single family homes in Delray Beach FL was $ 662,879.  This shows a decrease from last month. The price per square foot for single family homes in Delray Beach was $241, also down from last month. 

In February 2017, the average sold price for single family homes in Delray Beach FL was $ 625,637.  This , too, shows a decrease over last month.  The price per square foot for single family homes in Delray Beach was $ 228, also down from last month.

In February 2017, the average list price for condos, villas and townhomes in Delray Beach, FL was $ 224,031, indicating an increase over last month.  The price per square foot for condos, villas and townhomes in Delray Beach was $ 163, also an increase from last month. 

In February 2017, the average sold price for condos, villas and townhouses in Delray Beach was  $ 216,189  with an average price per square foot of $ 156.  This, too, showed an increase over the prior month.

Find Homes for Sale in Delray Beach FL

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 your home is worth in the current market email me or call/text 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.