Published by Peter Zalewski
4/29/2024 
11:22:41 PM 
The average asking price for a luxury condo in the Delray Beach – Boynton Beach market is nearly $2.3 million. (Photo courtesy of Google)
The Delray Beach – Boynton Beach condo market is in a buyers market with about 11 months of supply currently listed for resale in the final month of the South Florida Winter Buying Season, according to an analysis of statistics compiled by CondoVulturesRealty.com.
The Delray Beach – Boynton Beach is defined for this report as Spanish River Boulevard north to Lake Avenue, and Atlantic Ocean and Interstate 95.
In the 12 months of 2023, buyers purchased an average of nearly 15 luxury units per month for a total of about 178 units between January and December.
Based on the current active listings in the Multiple Listing Service – a database used by Realtors to market condos – the Delray Beach – Boynton Beach area is in a buyers market with a supply of nearly 165 luxury units available for purchase.
We have crunched the statistics for the Year 2023 and plan on publishing a series of reports during this week on CondoVultures.com looking at the winners and losers in the Delray Beach – Boynton Beach market in Central Palm Beach County.
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This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com
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Condo Market Inventory Tracker
A Snapshot Of Tricounty South Florida Region Of Miami-Dade, Broward And Palm Beach
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 24,016 | 10.2 |
| Luxury Condos | 3,740 | 15.1 |
| Shortsales | 30 | 15.0 |
| REOs | 126 | 6.6 |
| Rentals | 21,476 | 3.9 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
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