Real Estate Market Update for Delray Beach, FL
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Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 11% from one year earlier, and down 9% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 17%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 160-thousand dollars. The number of units sold decreased 35% year-over-year, and decreased 21% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Delray Beach, FL
Area Information for Delray Beach, FL
  • Population: 61,658
  • Median Age: 45.24 yr
  • Median Commute Time: 17.93 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 3,900/sq mi
  • Population Change Since 2000: 2.34%
  • Closest Airport: Palm Beach International
  • Closest College: Everglades University-boca Raton Campus
  • Closest Jr. College: Palm Beach Community College-lake Worth
  • Median Household Income: $50,827
  • Annual Residential Turnover: 19.58%
  • Median Years in Residence: 2.77 yr
  • Median Home Sales Price: $125,000
  • Closest Major Sports Team: Florida Panthers
  • Change Avg. Household Income Since 2000: 17%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Delray Beach, FL
Median Age: 45.24 Married: 30% Number of Households: 28,464 Households with Children: 5,622
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Delray Beach, FL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      American Heritage School - Boca/delray 1.5 mi Private PRESCHOOL-12 0 4
      Carver Middle School 1.7 mi Public 6-8 2 2
      Morikami Park Elementary School 2.1 mi Public K-5 5 5
      Orchard View Elementary School 2.2 mi Public PRESCHOOL-5 1 3
      Banyan Creek Elementary School 2.4 mi Public PRESCHOOL-5 4 4
      Atlantic High School 2.6 mi Public 9-12 3 3
      Atlantic High Adult Education Center 2.6 mi Public UNGRADE-UNGRADE 0 0
      Life Skill Center Of Palm Beach 3.1 mi Public 9-12 0 0
      Tomorrow's Promise Community School 3.1 mi Public 10-12 1 0
      Delray Full Service Adult Education 3.3 mi Public - 0 0
      Village Academy On The Art & Sara Jo Kobacker Campus 3.4 mi Public K-12 2 4
      S. D. Spady Elementary School 3.6 mi Public PRESCHOOL-6 3-5 4
      Mount Olive Christian School 3.9 mi Private PRESCHOOL-PRESCHOOL 0 0
      Pine Grove Elementary School 4.0 mi Public PRESCHOOL-5 1 2
      Daughter Of Zion Jr Academy 4.0 mi Private PRESCHOOL-8 0 4
      Bar & Ferg's Academy 4.2 mi Private PRESCHOOL-3 0 4
      Trinity Lutheran School 4.2 mi Private PRESCHOOL-8 0 5
      Unity School 4.5 mi Private PRESCHOOL-8 0 5
      Plumosa School Of The Arts 4.6 mi Public K-5 2 3
      Toussaint L'ouverture High School 4.6 mi Public 9-12 0 2
      St Vincent Ferrer School 4.8 mi Catholic PRESCHOOL-8 0 4
      Summit Private School 5.9 mi Private PRESCHOOL-7 0 0
      Gulf Stream School 6.0 mi Private PRESCHOOL-8 0 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Delray Beach, FL
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.