I’m geeking out on the downtown Delray Beach real estate condo numbers today.
Based on what I’ve been seeing in the MLS the past couple weeks, the market is shifting again. As you can see below in my Inventory Update, supply is rising fast.
So, I created a map overlay of all downtown Delray Beach real estate condos. Picture this: Swinton Ave to the Intracoastal… Lake Ida Rd to SE 10th St (but a tad further south to include intracoastal condo buildings).
Downtown Delray Beach Real Estate Condo Data
* Total of 17 condominium buildings in this overlay
* That represents 891 units
* 62 units sold in the last 12 months (as of this morning)
* 44 are currently for sale (as of this morning)
* That’s an aggregate inventory turnover of almost 12%
* Sold units is 7.4% of this market
* Median price sold is $974,000
* Average price per square foot is $673
The information above is about 75% of the data I collected when doing this research. The other 25% is about HOA fees and amenities on each build… and the location. If you’d like to get a copy of this spreadsheet click here. I plan to update this sheet every quarter. It’s some of the best downtown Delray Beach real estate data you’ll find in one place.
I share this info as over the next few weeks I’ll make the same information for townhomes, then beachside condos… and will expand to the entire Delray Beach real estate market.
You see, I’m a firm believe that real estate is hyperlocal. In other words, don’t look at national headlines about the real estate market as it’s not relevant to where you want to sell or buy. And, don’t look at the entire city as that’s too broad.
Hyperlocal is broken down to zip codes, property types, neighborhoods and even streets. So if you’re selling or buying in the Delray Beach real estate market you need specific information.
In today’s world, it’s critical you focus like never before.
Next Up For My Delray Beach Real Estate Guides
I want to thank my customer, Evan, who’s been lazar-focused on two buildings and knowing the data on granular level. You inspired me to collect this information.
So much so, that I’m creating a video I plan to publish by this weekend. It’ll show all of these buildings, amenities, HOA fee’s, and more. Be on the lookout, here.
Speaking of this, if there’s something you’d like to know about Delray Beach that I’ve yet to write about, please share your ideas width me.
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*** Thinking of selling your condo, home or townhome? Start here.
*** Did you see Delray Beach’s hometown hero, Coco Gauff, win the women’s US Open tennis tournament? Details for a local parade are forthcoming…
*** If I held a meet-up event where you could network with other locals and share some stories and laughs… where would you feel most comfortable? A coffee shop? A wine tasting? I’m planning to have my first event before the year is over and would love your feedback.
*** Photo above: Today’s morning sunrise. I walk the beach every weekday morning for sunrise. Wanna join me?
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***Inventory is Rising FAST – UP 9% in the last 60 days!
* 4 years ago there were over 54,000 properties available in S. Florida
* It bottomed in February 2022 at 14,485… a 73% drop
* Last week there were 29,179 available… a 101% rise in 20 months
* This morning’s Inventory is 29,749
