Delray Beach Waterfront
7 Sales · $270K Median

MARKET OVERVIEW

Delray Beach's waterfront market shows a significant disconnect between asking and actual prices, with the median sold price of $270,000 substantially exceeding the median active listing price of $147,000, suggesting either a compositional shift toward higher-priced closings or strategic pricing among current inventory. The 28.6-month supply indicates a severely undersupplied market with only seven closings in July against 200 active listings, pointing to structural constraints in transaction velocity despite a near-parity 98.7% list-to-sale ratio. The 58-day average time on market reflects typical absorption patterns for waterfront properties in the segment, though the extreme inventory-to-sales ratio suggests meaningful price discovery challenges ahead.