Delray Beach FL Real Estate Market Report - July 2018

Real Estate Agent with Best Connections Realty, Inc. 3087750


Delray Beach FL Real Estate Market Report -  July 2018


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


delray beach ocean condos that allow dogs and cats

We saw a steady stream of sales in Delray Beach, Florida this month.  Closed sales of single family homes showed an increase  along with price per square foot .   Closed sales of condos, villas and townhouses remained pretty much the same as last month, as well as price per square foot.


Single family homes closed for  .94% of list price while condos villas and townhouses got .94% of list price.  


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 or "thinventory" suggests that homes that are priced right 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,  but low inventory and rising mortgage rates are indicators that prices should continue to rise. 


delray beach florida home sales july 2018

 Delray Beach FL Real Estate Report Summary


In July 2018, the average list price for single family homes in Delray Beach FL was $ 752,351.  This shows an increase over last month. The list price per square foot for single family homes in Delray Beach was $262, also showing an increase over the prior month.  


In July 2018, the average sold price for single family homes in Delray Beach FL was $ 697,488.  This,shows an increase over last month.  Average days on market was 120.  The price per square foot for closed single family homes in Delray Beach was $ 245, an increase from last month.  Houses closed for .94% of listing price in July.


In July 2018, the average list price for condos, villas and townhomes in Delray Beach, FL was $ 222,204  This remained pretty much the same as last month.  The list price per square foot for condos, villas and townhomes in Delray Beach was $ 157, also pretty much the same as last month.  


In July 2018, the average sold price for condos, villas and townhouses in Delray Beach was  $ 211,462 with an average sold price per square foot of $ 149.  Average days on market was 79. Prices remained steady as last month.  Condos, villas and townhouses sold for .94% of asking price in July



 Find Homes for Sale in Delray Beach FL


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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  click on the box to the right or email me, call/text 561-716-7824


 All information deemed accurate but not guaranteed or warranted.


Delray Beach FL Real Estate Market Report - March 2018


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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:
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.





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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. 

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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Elyse, sure looks like your market in Delray Beach is doing very well.   Hope many of the sales were yours.

Aug 23, 2018 01:57 AM #1
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Joan Cox  It is but inventory is still very low here.  You're as nutty as me up this early/late!

Aug 23, 2018 02:29 AM #2
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I am on Prince Edward Island, and is already 6:41 am, need to leave earlier this morning.  :-)

Aug 23, 2018 02:41 AM #3
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Elyse. I have Delray Beach covered. Your phone number is on my speed dial! Enjoy your day!

Aug 23, 2018 04:28 AM #4
Robert Caston
Home Junction Inc. - San Diego, CA
Real estate market data & tools - Home Junction

This is nice to hear since Florida sales are seasonal. I live in Stuart and work in Boca but Delray is a jewel of a town.

Aug 23, 2018 04:30 AM #5
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Elyse Berman, PA,

Thininventory seems to be the theme in so many places! Anyone thinking of selling or buying real estate in Delray Beach needs to be contacting you for guidance.

Aug 23, 2018 05:06 AM #6
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Elyse, you make a great point about having a great agent. It makes all the difference when trying to find a good deal.

Aug 23, 2018 07:08 AM #7
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Always love reading your market reports Elyse Berman, PA  you do such a beautiful job .Buyers and sellers looking to make a move should call you as you certainly know your marketplace

Aug 23, 2018 04:12 PM #8
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

There's my word...Thinventory...peeking around everywhere...and making sales fast and furious !

Aug 26, 2018 05:35 AM #9
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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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