Delray Beach Real Estate Market Report – October 2018

Here’s a look at the Delay Beach Real Estate Market for October 2018. According to statistics from Beaches MLS, the median sale price for homes in Delray Beach is $264,000. Interest is increasing in the Polo Trace, Valencia Bay, Valencia Cove, Valencia Falls, and Valencia Reserve communities as we move into winter months. Let’s take a closer look at the Delray Beach market trends.

As we look at the 33446 zip code area, we see a median estimated home value of $317,000. This amount is down 0.2 percent from this time last year and significantly higher than the nation’s $239,000. The median list price for the 33446 area is $250,000. This amount shows a 7.1 percent decrease from last month but is 3.6 percent higher than the average for Palm Beach County. The median sale price for homes in the 33446 zip code area is $355,000. This number is up 8.03 percent when compared year-over-year. The median home age for this area is 26 years.

For Delray Beach, popular price ranges for sold homes as we move into October are $150,000 and below or $450,000 and above. We still see a significant number of homes in the $150,000 to $250,000 range being sold. New construction continues to be sought after in communities like Boca Bridges and Dakota.

We are also seeing increased interest in the 55+ communities of Valencia Bay, Valencia Cove, Valencia Falls, and Valencia Reserves GL Homes are popular among those looking for second homes during the winter months. Valencia Bay, Valencia Cove, and Valencia Reserves are located in Boynton Beach.

For the 33446 zip code area, we’re seeing the majority of hold homes below $200,000 or above $500,000. There’s a slight rise in interest in homes in the $300,000 – $350,000 range, as well.

Buyers are coming up against strong competition when it comes to the number of active listings on the market in Delray Beach and Boca Raton. Another popular community to keep your eye on is the Polo Trace area. A fresh section is being opened and new construction by GL Homes is sure to have potential buyers competing for beautiful homes near the new country club that will be built.

Sign up for a free account and create listing searches according to your unique criteria. Doing this will save you time and give you a headstart when buying a home.

The median value of new listings in the 33446 zip code area is $229,450 with the high end of homes being recorded at $1,299,000. The average price per square foot for this area is $161.00. The median value of new listings in Delray for this month is $447,000 with the high end of homes being recorded at $1,399,000. The average price per square foot is $284.00 for this area.

One of the keys to a successful home sale is pricing your home correctly. This is especially true if you’ve made upgrades or live in an area that is in high demand. Take a few minutes to complete the home value estimation form to get an idea of what your home is worth in today’s market. Or, give us a call at 561.526.5990 to discuss a comprehensive report that goes into greater detail.

Wondering what your home might be worth? Find out with our home valuation calculator?

See Additional Reports on the Delray Beach Real Estate Market.

Here are the most recent home listings just added to the database in the median sale price range for Delray Beach. All homes here are priced at $264,000 or less.

Here are the most recent home listings just added to the database in the median sale price range for zip code 33446. All homes here are priced at $355,000 or less.