January numbers to kick off the year are now in the books and the Delray Beach luxury homes market remains a Buyers Market.
When I say Delray Beach luxury homes market, I refer to the 33483 zip code. This area is surrounded by the intracoastal and the ocean.
My data comes from the Multiple Listing Service (MLS), Realtor Property Resource (RPR), and inference reading. And from dozens of conversations each week with realtors as we go about our days.
Delray Beach Luxury Homes Data
* Active Listings – after falling 24% in 2025, supply is roaring back and is up 25% in just 4 months
* Listing prices are also rising. You can see in the image below, they were flat in 2025, but is up 25% in just 4 months
* Then Day On Market averaged 115 days over the last year. It’s now at 132 or 15% higher
* And the Sold-To-List remains stubbornly low at 89.4. That’s over an 11% discount to the original list price. A $1M listing is selling for $894K. Buyers are saving 100 grand for that example
With the surge of supply you saw above, at higher prices we haven’t seen in a while… the number of broker open houses, public open houses, for sale signs and emails within our MLS and Agent Marketing portals are way up.
And there’s one more data point you may find useful: average price per foot squared. I get this question a lot when folks are thinking Delray Beach luxury homes and the costs of building them. In January, 2021, the average price per square foot was $515. Today it’s $823. That’s a 60% increase in just five years.
Here’s what I wrote about Delray’s luxury market one year ago.
As you can see, agents are working overtime this high season. And for good reason.
Delray Beach Luxury Homes – Ultra Style
One data-point I’ve never reported on is the $5 million properties and higher – a much different market. On a January 2026 over Jan 2025 basis:
* Sold properties increased from 2 to 5
* Pending listings are up from 1 to 11
* Active listings are up 40 to 43
* New Listings rose from 4 to 15
The Delray Beach luxury homes above $5 million and up category is the most active out of all 40 categories below it. And it has the strongest up-ticks of all categories.
The difference between the ultra and regular luxury markets is clear to see. Supply and demand for ultra luxury is hot. The overall 33483 area isn’t as strong.
Use this data at your next cocktail party. Some folks may think you’re nuts, or they’ll be impressed. But the data source is quality… the numbers are real.
(Photo Above: Just another Delray Beach luxury home in the morning hours)
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*** I believe you’ll like my latest blog on HOA’s
* Delray Beach Tennis Open – Starts this Friday, February 13-22 – Delray Beach Tennis Center. Over 60,000-plus spectators attend each year. For all the details click here
*** Get a Condo before no more are for sale. Yep – ONLY 3 out of 160 Units in Pineapple Grove Condos are For Sale – This downtown Delray condo listing wants a buyer. 2 Gyms, his & her dry saunas, a pool, business center, bicycle parking, secure-gated parking and walking distance to everything
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*** South Florida Real Estate Inventory is ABOVE 2019***
Last week’s supply was 57,218
Today’s supply is 57,489
*** Supply is DOWN 27 of 40 weeks…***
