Delray Beach Real Estate Listings

Delray Beach is a beautiful city in Palm Beach County, Florida. Delray Beach has a population of about 64,000 residents, and has many offerings from great weather, schools, shopping, and restaurants. Also, due to the recent recession, home prices for condos have dropped dramatically since 2005. This makes an excellent opportunity to buy a condo for a vacation spot, or re-locate to the area to enjoy Delray’s great amenities.

According to research, condo prices in Delray Beach have dropped to 2003 levels in 2009. At the real estate peak, condos in this area could go as high as $225,000. Today, comparable condos in Delray Beach can be bought in the $115-150,000 range. delray beach condo have fared slightly better price wise than neighboring communities such as High Point and Dunes Road. Year after year price decreases have been larger in those communities, compared to condos in Delray Beach. A major reason why one should consider buying a condo in Delray Beach today is that Atlantic Avenue has undergone large scale renovations. Atlantic Community High School, which was re-built in 2005, offers state of the art educational facilities for teenagers in Delray Beach. This would be a major drawing card for families with children moving to the area.

Due to the outstanding weather Delray Beach offers, it ranges from 75-92 degrees from winter to summer; this area makes it a perfect place to buy a condo. From a demographic point of view 48% of the Delray Beach population were 45 or older. Condo sales are up 3.7% over the past 90 days and are rising in 2009 from 2008. The average time it takes to sell a condo is around 120-130 days. The median list price is $169,800. The median sales price is $113,000 for condos.

News around the condo market depends on whether you’re a buyer or a seller. If you’re a buyer, you have a golden opportunity to pick up a condo, cheaper than it’s been in many years. If you’re a seller, hopefully you’ve been in your condo since 2002, so that you’re not underwater on the property. Florida was hit hard during the recession. Delray Beach is no exception. There are many condos for sale in Delray Beach, over 700 listed as of 9/2009. So there are plenty of homes to choose from when looking for a condo. With mortgage prices dropping under 5% as of October 2009, one can buy a 30 year fixed mortgage condo in Delray Beach for less than $600 a month, not including real estate taxes.

With a beautiful location on the east coast of south Florida, Delray Beach is one of the most desirable places to live in the state. Flaunting homes in excess of 500k are situated along side young professionals and retirees that enjoy an affluent lifestyle. Delray Beach condos are available in a variety of sizes from the modest one bedroom all the way up to the multi-level beach side luxury condo unit. In fact, with the recent downturn in the real estate market, and mortgage rates at historic lows the deals are not to be passed up. One of our clients purchased a luxury delray beach condos off Atlantic/Ocean Drive just steps from the beach for approximately 30% of the 2006 asking price. Many condos and town homes for sale in Delray Beach Florida are under foreclosure in the following zip codes 33444, 33445, 33446, 33447, 33448, 33482, 33483, and 33484 so act now and don’t miss out on these fantastic real estate deals!

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