Welcome to this months Delray Beach and Boca Raton Florida real estate market report presented to you by Haftel Estates.
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Delray Beach Housing Market Statistics
Delray Beach Florida is a town with a population of 66,500, the median age of persons living in Delray Beach is 46 years, and the male to female ratio is 49%.
The median sale price for homes in Delray Beach Florida for August 2019 is $266,000; this is up 1.43% from the previous month, and an increase of 5.45% over the last quarter.
The median list price for homes in Delray Beach is $259,000, which is lower than the Palm Beach County median of $329,000, and lower than the State of Florida median list price of $279,000.
In the Delray Beach real estate market, there are 446 distressed properties, 365 of those are in pre-foreclosure, and 81 are in foreclosure status. There are currently no short sales on the market.
Boca Raton Housing Market Statistics
The average age of homes in the Boca Raton area is 27 years, and 91% of persons own their home. Boca Raton has a population of 14,900 persons, with a median age of 46 years, and the male/female ratio is 50%.
The median sale price for homes in Boca Raton for August 2019 is $440,000, this is a decrease of 1.12% from the previous month, however, this is an increase of 5.9% over the last quarter.
The Boca Raton real estate market currently has 60 distressed properties, 55 pre-foreclosures, and 5 properties in foreclosure, there are currently no short sales at this time.
What Does Data This Mean For Buyers In Delray Beach and Boca Raton?
Buyers poking for a home in Boca Raton or Delray Beach can expect to see slightly lower listing prices and less inventory. The number of listings has decreased in both areas.
Buyers should make sure to have financing in place and be ready to submit a competitive offer when a desirable property is found. The Haftel Estates works with you to find the perfect home and submit the best offer possible. Give us a call today!
What Does This Mean For Sellers In Delray Beach And Boca Raton?
Sellers in the Boca Raton and Delray Beach area can expect to see their home value increase, sales have slowed slightly over the last couple of months, and sellers may see their property stay on the market for a few days longer than average.
Haftel Estates will market your home to the most qualified buyers to sell your home as quickly as possible. We work with you to get your home show-ready and highlight the most attractive features to buyers in Delray Beach and Boca Raton Florida. Give us a call today!
Delray Beach Homes for Sale
Here are the most recent home listings just added to the database in the median sale price range for Del Ray Beach. All homes here are priced at $266,000 or less.
Boca Raton Homes for Sale
Here are the most recent home listings just added to the database in the median sale price range for Boca Raton. All homes here are priced at $440,000 or less.
