Getting quality, location real estate information is all that matters when selling or buying real estate.
You see, I’ve been writing you about local Price Drops in this eLetter since April. But it wasn’t until last week when I first saw a mainstream media essay came out from realtor.com on the topic.
It’s true how mainstream media takes 3, 4, 6 months to find, then tell a “current” story. By then, it’s passé and… late. And, it’s not local real estate information. It’s national. It’s like getting quarterly reports in a world where data comes out by the milli-second.
That’s why focusing on hyper-local real estate information is important. Forget what CNBC says. Don’t listen to ABC, NBC or other national networks whose coverage is vague, general and old. I mean, their content is great for over-arching themes, but lacks relevance on what’s happening in your local community.
Getting specific, local real estate information on a WEEKLY BASIS is crucial to making sound selling and buying real estate decisions.
I hope it doesn’t sound like I’m boasting. That’s not my intention. But one thing is certain: if you’re selling or buying real estate in a particular community, find a source you can trust to give you what you need on frequent basis.
My Weekly Newsletter May Be Perfect For You
Since 2019, I’ve been writing my weekly eLetter. I send it to my database every Wednesday morning and haven’t missed a week. In it I write about Delray Beach real estate information, new developments, new restaurants, and pretty much anything pertaining to our city.
If you’d like to be added to my database and begin learning more about our local area, this link will get you access right away.
Current Delray Beach Real Estate Information To Know
With this as today’s main idea, the average price drop of current active Delray Beach real estate listings is 8.73%. That’s up from my last eLetter by 0.5%.
And, one of my favorite data points – Days On Market (DOM) – took a nose dive in August. Most of this summer the DOM hovered near 77 days. But last month it FELL to 59 days.
And here’s perhaps the most important real estate information on Delray’s active listing showing a weakening sellers market:
This is an important piece of data to watch as we’re at peak-hurricane season TODAY. That means that as low season is now in our rearview mirror, more and more buyers will wake up from hibernation and begin their plans to visit South Florida in the coming months. More competition will soon be here.
I’ve warned you about waiting until high season and why now is the time to be actively looking and transacting. Right now is when most buyers are planning their winter getaways, but are not here scouring the market for the best real estate information and deals possible – when Delray is empty.
When I ran my 12-office brokerage in Costa Rica for 13 years I’d harp on the same issue. Each year I’d yell as loud as I could for customers to come during rain season when sellers were nervous, rivers were flooding and there were no buyers.
But year after year after year there were no takers. It’s the same here in South Florida. If you’re not here in September when the streets are barren… you’re missing a HUGE buying opportunity.
This is the local real estate information you won’t get in national media outlets. And this is what you need to know to get ahead of the rest.
You’re been notified.
(Main Photo: Delray Beach Intracoastal south of Linton Ave this Monday…)
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*** Watch my latest video on how one Delray Beach neighborhood converted from mid-century themes to modern contemporary in just a couple years. Interest in this video is surging!
*** Last Friday night I attended a full house at the Delray Beach Climate & Conversations event at Arts Warehouse. The Delray Beach Sustainability Manager and his staff were there, along with 50+ folks to network and hear the latest resilience accomplishments going on – and there were many! Interested in attending events like this? Let me know and I’ll get you connected.
*** Remember, It’s downtown Delray Beach Restaurant Month! From September 1 – 30th, more than 40 restaurants, cafes, and fast-casual establishments/eateries will offer special deals. For all the details, click here. Speaking of restaurants, did you see my Video last week revealing new ones coming to Delray before year end?
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*** South Florida’s Surging Supply Real Estate Information ***
* This morning’s Inventory is 48,949 *
* Last week supply was 48,119 *
That’s an 840 unit Increase in one week
Since August 1, 2023, supply is up 78%
