Delray Beach, Florida: Looks like there is a new listing on the market from my update last month, 602 N. Ocean Blvd listed for $4.995 million. This brings the total number of oceanfront homes for sale in Delray to 12. If you have ever driven along A1A in Delray, this home is hard to miss. It's a futuristic looking, 3 story home that stand out. Minimalist and clean lines. This home was on the market back in 2007 and did end up selling in May 2008 for $4.175 million. So based on the current price, I'd say there is flexibility seeing how we're still in a Buyer's Market. And to note, there was one price reduction from last month, 1847 Dusty Miller Drive lowered their price from $7.2 million to $6.9 million. These are things buyer's should be looking for if they want to find a motivated seller. A listing's history is a good gauge and your agent should be filling you in.
There currently are no homes under contract for sale in Delray. However since my last update, 701 N. Ocean Blvd did go from pending (under contract) to sold. It closed on June 30th for a price of $3.65 million. That is a far cry from it's original $5.995 million asking price back in December 2008. The fact this was a short sale had a lot to do with the ultimate selling price. The Selling price per square foot was $588.61. Compared to 410 N. Ocean Blvd which sold for $642.97 per square foot, it looks like this buyer got a good deal.
For the most current list of oceanfront homes for sale in Florida as well as the latest real estate market updates, please feel free to visit my site located at OceanFrontHomesForSaleinFlorida.com. South Florida towns specifically covered are: Palm Beach, Manalapan, Ocean Ridge, Gulf Stream, Delray Beach, Highland Beach and Hillsboro Mile. Also, if you are looking to purchase an oceanfront property in Florida, please feel free to contact me by using the information below:
- Craig Greenberg, realtor
- (561)376-8540 cell
- (561)998-0100 office xtn: 1224
- info@LuxuryOceanMarket.com
- OceanFrontHomesForSaleinFlorida.com
