Jablon Team Helps Millennial Home Buyer in Delray Beach
Jablon Team was happy to help a millennial home buyer in Delray Beach to find the perfect property.
This townhouse with three bedrooms and three baths works on two levels for this millennial home buyer in Delray Beach.
The first level is, of course, that it’s an ideal residence. But this millennial home buyer in Delray Beach, thinking ahead , realized that Delray homes with 3 beds and 3 baths also make for excellent investments for two reasons.
One is their proximity to the city of Delray Beach, which is home to dozens of restaurants, shops, and boutiques.
The other, more important reason to look at Delray Beach investment property is that Florida Atlantic University (FAU) in Boca Raton is right nearby, and student housing is at a premium.
Homes in Delray Beach still in a seller’s market
Delray Beach homes typically show a median of 48 days on the market (half are on for less and half are on for more) and there currently a 4.2 month supply of homes in the area. That Delray Beach homes are still in short supply. A Delray Beach real estate agent would term this a seller’s market, because prices remain relatively high and sellers offer very little price flexibility.
A six month supply of Delray Beach homes for sale in the area would mean the real estate market had reached equilibrium. In that case we would find that neither buyer nor seller has an advantage.
Delray Beach homes for sale show minor increase, but still in short supply.
We have seen a miniscule 0.6% increase in Delray Beach homes for sale– last year we had 3103 at this time, now the MLS indicates that we have 3121. That means for the millennial home buyer in Delray Beach– or any other buyer –homes remain in short supply based on demand by first time Delray home buyers.
Thinking of selling a home in Delray Beach?
Thinking of buying a home in Delray Beach?
Please call us at 561-213-6139
Marc Jablon, The Jablon Team
Re/Max Complete Solutions