East Delray Beach Townhomes
Real Estate Market Report
East Delray Beach offers a variety of beautiful Townhomes that are located close to downtown Delray Beach, some of which are within walking distance to Atlantic Avenue and some of which are Oceanfront or walking distance to the Beach. Many of the properties are of recent construction and would be a great choice to consider for Buyers who are interested in spacious East area properties that are of recent construction and priced significantly lower than recently constructed Single Family Homes in East areas.
During the months of January – April of 2013, 31 Townhomes were purchased in East Delray Beach Communities that are located East of I-95. The purchase price range of the properties that sold was $125,000- $1,900,000.
Of the 31 Townhouses that were purchased, 9 are Waterfront properties and 22 are non-Waterfront properties.
- The purchase price range of the Waterfront Townhomes was $199,000 – $1,900,000, with an average purchase price of $817,111. The Waterfront locations of the properties are Oceanfront, Intracoastal front, and Canal front on Ocean Access Canals. The Communities where the properties are located are Villas of Ocean Crest, Spanish Trail, Pelican Harbor/Captain’s Walk, Nassau Point, and Delray Beach Club.
The property that was purchased for $1,900,000 is a 3-Bedroom Townhome with ~2,923 Square Feet of Living Area located in Nassau Point Townhomes at the Corner of A1A and Nassau Street, a beautiful Oceanfront location across the Street from the Beach.
- The purchase price range of the non-Waterfront Townhomes was $125,000 – $1,200,000, with an average purchase price of $380,624.
The property that was purchased for $1,200,000 is a 5-Bedroom Townhome with ~4,100 Square Feet of Living Area located in Gleason Street Villas, 1/2 Block from Atlantic Avenue and 1 Block from the Beach.
Of the 31 property purchases, 1 was purchased as a Short Sale and 3 were purchased as Bank Owned Foreclosures. One of the Bank Owned Foreclosures was sold in 3 days for a final sale price that was $114,327 above its’ list price. It’s typical for Foreclosures to sell for prices that are above their list prices due to their below market prices and multiple Offers that incite bidding wars. Additionally, East areas have very limited availability of Bank Owned Foreclosures, so that contributes to their desirability as well.
East Delray Beach Townhomes for Sale
Currently, 64 Delray Beach Townhomes are on the Market for Sale. Their locations are 800 Ocean, Cambria Crest, Cannery Row, Captain’s Walk/Pelican Harbor, Delray Beach Club, Delray Sebastian, Estuary, Harbour House, Heritage Club, Inlet Cove, Landings Delray Beach, Latitude Delray Beach, Mallory Square, Nassau Point, Ocean Terraces, Old Palm Grove, Pineapple Grove Village, Renaissance Village, Seaside Dunes, Shorewalker Place, South Castle Townhomes, Terraces at Delray, Town Place, Village Grande, Villas of Ocean Crest, and Waterway North.
Scroll below to view currently available property listings.
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Related information: East Delray Beach Single Family Homes