Home Prices in Delray Beach for November 2017

By
Real Estate Agent with Best Connections Realty, Inc.

 

Home Prices in Delray Beach Florida for November 2017

 

Real estate market data for Delray Beach, FL provided by Elyse Berman of Best Connections Realty, Inc.

 

pet friendly gated communities in delray beach

 

We saw some interesting things in Delray Beach, Florida in November.  Closed sales of single family homes showed an increase and the price per square foot increased.    Closed sales of condos, villas and townhouses decreased while the price per square foot also decreased over the prior month.  Interesting to note - condos sold for .99% of their asking price in Delray Beach FL in November.

 

You can still get good deal on homes in Delray Beach, but  having a good real estate agent who understands the market is a mustDon’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. Some are now selling for less, yet with low inventory, the market remains tough.  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. 

 

  

dog friendly gated communities in delray beach fl

Delray Beach FL Real Estate Report Summary

 

In November 2017, the average list price for single family homes in Delray Beach FL was $ 753,579.  This shows a slight decrease over last month. The list price per square foot for single family homes in Delray Beach was $245, showing an increase from the prior month.  

 

In November 2017, the average sold price for single family homes in Delray Beach FL was $ 704,369.  This  shows an  increase over last month.  Average days on market was 100.  The price per square foot for closed single family homes in Delray Beach was $ 225, down from last month. 

 

In November 2017, the average list price for condos, villas and townhomes in Delray Beach, FL was $ 169,862.  This shows a decrease from the prior month.  The list price per square foot for condos, villas and townhomes in Delray Beach was $ 134, also a decrease from the prior month. 

 

In November 2017, the average sold price for condos, villas and townhouses in Delray Beach was  $ 167,949  with an average list price per square foot of $ 133.  Average days on market was 76. Prices decreased from last month, including price per square foot.  Interesting to note:  condos sold for .99% of asking price in November.  

 

 

Find Homes for Sale in Delray Beach FL

 

pet friendly gated communities in delray beach floridaVisit 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  click on the box to the right or email me Elyse@ElyseBerman.com, call/text 561-716-7824. 

 

For more information about  pet-friendly housing in Boca Raton FL  please contact me.  I am a Boca Raton Real Estate Agent.

 

 

 

 All information deemed accurate but not guaranteed or warranted.

 

Posted by

Elyse BermanFor information about pet-friendly housing in Boca Raton, Delray Beach, Highland Beach, Boynton Beach or Boca Raton real estate market, please contact me. I am a Boca Raton Real Estate Agent.

Contact Elyse:
By Email: Elyse@ElyseBerman.com
By Text - 561-716-7824
Cell - 561-716-7824

Elyse Berman, PA, CRS, ABR,GRI, e-PRO, of Best Connections Realty, Inc. serving Boca Raton FL and the surrounding cities of Highland Beach, Delray Beach, Boynton Beach, Lake Worth, Wellington, Deerfield Beach, Hillsboro Beach, Lighthouse Point, Fort Lauderdale, Hollywood Beach and Hallandale Beach.

 

REVIEWS FOR ELYSE BERMAN | SEARCH ALL ACTIVE LISTINGS

 

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Disclaimer:  The information contained in this blog should not be solely relied upon and should be independently verified by professional sources.  The opinions expressed herein are solely mine. 

All information is deemed accurate but not guaranteed. All statistical information was obtained from BMLS.   Many articles may be time and date sensitive.  Please be sure to look at the date it was posted. 

No reproduction is permitted without the author's express permission.

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Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Elyse Berman, PA, CRS with a slight dip in sale prices over last month, now is a great time to buy and the only agent to call is Elyse Berman.... without hiring the right agent, it can be a slippery slope.... call Elyse and allow her to give you the proper guidance.

Dec 07, 2017 02:54 AM #1
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Elyse. Thinking it is time to sell or time to buy, make it easy on yourself and call Elyse. Enjoy your day!

Dec 07, 2017 04:25 AM #2
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Looks like the market is taking a pause which at some point it had to. We learned our lesson hopefully about believing the market only goes up.

Dec 07, 2017 08:23 AM #3
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Elyse Berman, PA, CRS - thanks for the market report.  I had coffee with Debbie Gartner yesterday and your name came up.

Dec 07, 2017 12:01 PM #4
Rainmaker
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Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Grant Schneider Yes, I spoke to her last night and told her you said hi.  Great seeing you yesterday.

Dec 07, 2017 02:00 PM #5
Rainmaker
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Lisa Von Domek
Lisa Von Domek & Associates LLC Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Elyse Berman, PA, CRS interesting difference between single family homes and condos/townhomes for sale/closed in Delray Beach.

Dec 08, 2017 07:18 PM #6
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Dec 09, 2017 06:09 AM #7
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Low inventory, steady buyer demand equals increasing pricing. How high will they go?  Hope you're having a stellar weekend, Elyse. D 

Dec 10, 2017 11:31 AM #8
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Elyse Berman, PA, CRS

Pet-Friendly Realtor, 561-716-7824
Ask me about Pet-Friendly Homes for sale in Boca Raton Now!
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