Delray Beach FL Real Estate Market Report December 2013

Delray Beach FL Real Estate Market Report December 2013

Here is a brief look at what transpired in the Delray Beach Real Estate market for December 2013, including comparisons versus 2012.  If you are considering buying realty in Delray Beach FL, relocating into the Palm Beach County area or you are one of the many snowbirds wishing to purchase second homes, condos and vacation homes in Delray Beach FL, then here is a quick look at the Delray Beach Real Estate market for December 2013.

Delray Beach FL Real Estate Activity For December 2013

In December of 2013 there were 237 homes, condos and townhomes that closed within the month for Delray Beach Real Estate. In the corresponding month in 2012, there were 265 homes, condominiums and townhomes that closed in December 2012. As you can see, there was a significant reduction in the number of properties that closed year over year.

The average list price for properties that closed in December 2012 was $289,581.

The average list price for properties that closed in December 2013 was $339,290.

The average sale price for properties that closed in December 2012 was $307,305.

The average sale price for properties that closed in December 2013 was $494,789.

The average days on market (or marketing time) for properties that closed in December 2012 was 132 days.

The average days on market (or marketing time) for properties that closed in December 2013 was 78 days.

As you can discern from the above data, even though the number of closed homes in Delray Beach has declined year over year, average list prices and average sales prices have both increased significantly, while the average number of days on market for Delray Beach FL homes has declined measurably.

Homes Under Contract For December 2013

During the month of December 2013, 151 homes, condos and townhouses went pending. The average list price of the properties that went under contract was $272,332. The average days on market for these homes was 68 days.

Annual Statistics for the Delray Beach Florida Real Estate Market

For the period January 1st 2013 through December 31st, 2013 there were 3,574 properties that sold in Delray Beach during 2013 comprising:

1,679 Delray Beach Condominiums sold in 2013 – 47%

1,173 Delray Beach Homes sold in 2013 – 32.8%

721 Delray Beach Townhomes and Villas sold in 2013 – 20.2%

For the period January 1st 2012 through December 31st, 2012 there were 3,251 properties that sold in Delray Beach during 2012 comprising:

1,586 Delray Beach Condominiums sold in 2012 – 48.8%

1,000 Delray Beach Homes sold in 2012 – 30.8%

665 Delray Beach Townhomes and Villas sold in 2012 – 20.4%

For the period January 1st 2011 through December 31st, 2011 there were 3,051 properties that sold in Delray Beach during 2011

1,547 Delray Beach Condominiums sold in 2011 – 50.7%

886 Delray Beach Homes sold in 2011 – 29.1%

618 Delray Beach Townhomes and Villas sold in 2011 – 20.2%

For the period January 1st 2010 through December 31st, 2010 there were 2,405 properties that sold in Delray Beach during 2010

1,210 Delray Beach Condominiums sold in 2010 – 50.3%

723 Delray Beach Homes sold in 2010 – 30%

472 Delray Beach Townhomes and Villas sold in 2010 – 19.7%

For the period January 1st 2012 through December 31st, 2012 the average list price was $245,894 and the average days on market (or marketing time) was 148 days.

For the period January 1st 2011 through December 31st, 2011 the average list price was $214,691 and the average days on market (or marketing time) was 157 days.

For the period January 1st 2010 through December 31st, 2010 the average list price was $234,381 and the average days on market (or marketing time) was 174 days.

Current December 2013 Delray Beach Home for Sale Inventory Levels

There are currently 1,319 properties for sale in Delray Beach Florida. The average list price is $579,541 with an average days on market of (or marketing time) 161 days. During the month, prices were reduced on average by 4.48%.

 

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