Home Prices in Delray Beach Florida for April 2017

By
Real Estate Agent with Best Connections Realty, Inc. 3087750

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.

 

pet friendly gated communities in delray beachWe 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!

   

waterfront homes for sale in delray beach fl

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.

 

 

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.

 

 

 

 

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:

 

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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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
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Elyse, next time done we have to get to delray to check it out. Looks like the market is going well but I think the whole county is doing well.

May 30, 2017 08:20 AM #1
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Hannah Williams
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Elyse Berman, PA, CRS  That is good news ! Buyers and sellers looking to make a move should call . The local expert

May 30, 2017 01:30 PM #2
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Elyse Berman, PA

Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR
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