Delray Beach Real Estate Market Update | June 23, 2021

Dated: June 23 2021

Views: 18

Look at how calm the beach is in Delray Beach today... but when you step away from the calming sand, it's a different world.

The other world is our real estate market, of course. Yesterday, the May data came out and it's bonkers. Here are some of Delray's highlights from May 2021 over May 2020:

 

* Average Sales Price $549,800 - UP 37%

* Median Sales Price $277,250 - UP 16%

(National Ave. is $350 - up 24%)

* Sold Listings 505 - Up 104%

* Active Listings 1,066 - DOWN 43%

* Sold-to-List Ratio 96% vs 91%

 

Our real estate market is strong. But it's important to watch the data as things can change quickly. Like some of you, I've been buying, selling, investing, and syndicating real estate for over 25 years. And I've learned one thing: peaks and valleys rarely last long. 

 

And I'm getting more questions about when things will change. Of course, I cannot answer that with any certainty. But I do look at the data every week and if I see something changing, you'll be the first to know in this weekly update. 

 

Next week I'll be diving deeper into the data and publish my next market update video. Stay tuned for more on that.

 

Lastly, if you haven't seen my recent video about what makes Delray so fun, you can check it out hereJust b

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John Wieland

My real estate passion began almost 30 years ago. It was Orange County, California 1989, when my friend and I began a property management business. We focused on apartment buildings in lower social-....

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