Home Prices in Delray Beach FL for November 2016
Real estate market data for Delray Beach, FL provided by Elyse Berman of Realty Associates Florida Properties.
We saw a decrease on home prices in Delray Beach FL in November. November market report shows a decrease in single family homes but an increase in condos, villas and townhomes.
If you are considering buying a home you can still find deals on a house 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.
Low inventory in Delray Beach has multiple 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!
Beach Real Estate Report Summary
In November 2016, the average list price for single family homes in Delray Beach FL was $ 603,584. This is a decrease from the prior month. The price per square foot for single family listings in Delray Beach was $233.
In November 2016, the average sold price for single family homes in Delray Beach was $ 565,341 with an average price per square foot of $ 220. This shows a decrease over the prior, as well.
In November 2016, the average list price for condos, villas and townhomes in Delray Beach, FL was $ 188,188, up from last month. The price per square foot for condos, villas and townhomes in Delray Beach was $ 136, an increase from the prior month.
In November, 2016 the average sold price for condos, villas and townhomes in Delray Beach was $ 176,859 with an average price per square foot of $ 128. 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 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.
All information deemed accurate but not guaranteed or warranted.