Home Prices in Delray Beach Florida for April 2017
Real estate market data for Delray Beach, FL provided by Elyse Berman of Realty Associates Florida Properties.
We saw some interesting things happen on both listing and closed sales in April. There was an increase in single family home prices in Delray Beach FL while the price per square foot declined. The closed prices of condos, villas and townhouses increased along with price per square foot.
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. Some are selling for more. 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 April 2017, the average list price for single family homes in Delray Beach FL was $ 703,625. This shows a marked increase from the prior month. The price per square foot for single family homes in Delray Beach was $244, also up from last month.
In April 2017, the average sold price for single family homes in Delray Beach FL was $ 648,768. This shows an increase over the prior month. Average days on market was 112. The price per square foot for closed single family homes in Delray Beach was $ 230, down from last month.
In April 2017, the average list price for condos, villas and townhomes in Delray Beach, FL was $ 254,660, showing an increase over the prior month. The price per square foot for condos, villas and townhomes in Delray Beach was $ 169, also an increase from the prior month.
In April 2017, the average sold price for condos, villas and townhouses in Delray Beach was $ 240,594 with an average price per square foot of $ 160. Average days on market was 76. This shows an increase in closed sales prices with an increase in price per square foot 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 your home is worth in the current market email me or call/text at 561-716-7824.