Known worldwide as a first-class resort town, Delray Beach is located on the Atlantic Ocean in southern Palm Beach County with nearly two miles of well-groomed, easily accessible beach. Delray Beach has twice been named an "All-America City," an award that honors the nation's best communities that strive to better themselves by involving residents, the business community and government in joint efforts to solve problems and move confidently toward the future. Delray Beach's completely renovated downtown is a bustling, picturesque destination. Scores of new eateries, entertainment venues, galleries and community events keep residents and visitors busy year round.
Delray Beach Real Estate Market - Price Range of Delray Beach Houses
Delray Beach features a number of 55+ communities where townhomes and single-family homes begin at about $100,000. Four- and five-bedroom Delray Beach homes start in the $115,000 range to upwards of $12 million+ for properties in proximity to the Intracoastal Waterway. Oceanfront homes in Delray Beach range up to $15 million plus for magnificent estates with up to 13,000 square feet of living space. The downtown area by Atlantic Avenue is bustling with redevelopment with many "teardowns" and extensive conversions. Downtown Delray Beach also offers new townhomes ranging from $100,000-$2 million.
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Delray Beach Real Estate Stats and Trends for the week of May 20th, 2013: homes priced around $390,941 compared to $361,520 the previous week, showing a increase of more than +8%. For Saturday, May 25th, the current national mortgage rate for a 30 year fixed mortgage is 3.77%; the 15 year fixed rate is at 2.88%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.03%, while the 15 year jumbo rate currently is at 3.47%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Delray Beach FL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Delray Beach to help you find the best home!