Home Prices in Delray Beach FL for December 2017

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

 

Home Prices in Delray Beach Florida for  December 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 a mixed bay of things in Delray Beach, Florida in December.  Closed sales of single family homes showed a significant decrease along with price per square foot .   Closed sales of condos, villas and townhouses increased while the price per square foot also increased over the prior month.  Guess it's all that cold weather up north!

 

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 selling pretty close to 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. 

 

  

pet friendly gated communities in delray beach fl

Delray Beach FL Real Estate Report Summary

 

In December 2017, the average list price for single family homes in Delray Beach FL was $ 567,311.  This shows a significant decrease over last month. The list price per square foot for single family homes in Delray Beach was $224, also showing a  decrease from the prior month.  

 

In December 2017, the average sold price for single family homes in Delray Beach FL was $ 525,374.  This  shows a decrease over last month.  Average days on market was 83.  The price per square foot for closed single family homes in Delray Beach was $ 210, also down from last month.  Houses sold for .94% of asking price in December.

 

In December 2017, the average list price for condos, villas and townhomes in Delray Beach, FL was $ 227,620.  This shows an increase over the prior month.  The list price per square foot for condos, villas and townhomes in Delray Beach was $ 152, also an inecrease from the prior month. 

 

In December 2017, the average sold price for condos, villas and townhouses in Delray Beach was  $ 216,552  with an average sold price per square foot of $ 145.  Average days on market was 66. Prices increased from last month, including price per square foot.  Interesting to note:  condos sold for .95% of asking price in December.  

 

 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
3,484,015
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Elyse. Having had the opprtunity to personally meet you yesterday, I can attest to your customer dedication. In the Delray Beach area, you are the agent to call. Enjoy your day. I enjoyed meeting you!

Jan 23, 2018 03:09 AM #1
Rainmaker
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Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Hey Elyse-sounds like a good time to buy! Find me a great deal on a fixer upper and I'll move up to hang with you and Kathy

Jan 23, 2018 03:43 AM #2
Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Nice description of the Delreay Beach Real Estate market Elyse. I also like the way you include all the links in your blog post!

Jan 23, 2018 04:00 AM #3
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

The cold weather is driving people south again. I would love to get to our condo on the Panhandle but it has been below freezing there as well.

Jan 23, 2018 06:20 AM #4
Rainmaker
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Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Interesting market update you have! So many factors! Crazy weather, hurricanes, and an awful news cycle. I think it will all go well when the folks start getting more left in their paychecks.

Jan 23, 2018 07:11 AM #5
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Thanks for sharing. I always love to see the commentary about market conditions in this area of Florida since we plan more property purchases.

Jan 24, 2018 10:20 AM #6
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

I have friends talking of moving here Elyse Berman, PA, CRS  you best believe I will send them your way 

Jan 26, 2018 01:30 PM #7
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Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Hi Elyse

This is terrific information for both buyers and sellers to better understand the market, as well as the shifts that occur from month to month. And they can see you are the Delray Beach agent to get in touch with for help with buying and selling.

Jeff

Jan 31, 2018 10:10 PM #8
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Elyse Berman, PA

Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR
Ask me about Pet-Friendly Homes for sale in Boca Raton Now!
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