Tracy-Eckert-Dakota Delray - May 2022

ALLIE O’NEILL RICE

101 Plaza Real S Ste. 220 Boca Raton, FL 33432

REALTOR®

561.295.3330

Allie@RpeRealty.com www.21Team.com

TONY ECKERT

DA K OTA D E L R AY SPRING 2022 | REAL ESTATE MARKET REPORT

REALTOR®

561.570.1667

Tony@RpeRealty.com www.21Team.com Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | © 2022

THE REAL ESTATE MARKET BY THE NUMBERS Understanding Real Estate Statistics Paying attention to local real estate statistics can help you determine the value of your home, how quickly it will sell, and understand overall trends in the market. Learning some of the commonly used terms, how they are calculated, and what they say about the market will help you make informed decisions to achieve your real estate goals.

HOME VALUES AND MARKET TRENDS

MARKET SPEED

Average Sold Price is the average (mean) sold

Average Days on Market (DOM) is calculated

price of all homes sold within a given boundary and timeframe. Not only can this value give you an idea of what your home would sell for, but fluctuations in this value can also give you an idea of the market’s direction.

by averaging the time-on-market for all sold homes within a specific boundary and timeframe.

This value indicates the speed of the market. Fewer days equate to a faster market, which usually favors sellers.

MONITORING THE CURRENT OFFERINGS

BUYER DEMAND AND VALUE DIRECTION

The Average Active List Price represents the average list price of all the homes currently on the market. Since this value is limited to what’s on the market, it can vary greatly if only a few homes are available. The Average Active List Price is often higher than the Average Sold Price since expensive homes tend to take longer to sell, pushing up the local average.

Sold Price to List Price Ratio (SP/LP) is calculated by dividing a home’s sold price by its list price. A value over 100% indicates homes are selling for above asking price. The Average SP/LP Ratio is calculated by averaging the SP/LP for all homes sold within a specific timeframe. This value can give you insight into buyer demand, the direction of home prices, and local agent expertise.

Future Friends and Neighbors,

If you are thinking of selling and would like to learn more about the local statistics in your neighborhood and how these numbers affect the value of your home, call us today for a free consultation.

PREPARED ESPECIALLY FOR

561.570.2101 Your Starting Lineup at Dakota Delray

Future Friends and Neighbors PRESENTED BY THE 21 TEAM

Allie O’Neill Rice and Tony Eckert

PAUL O’NEILL #21

561.570.2101 ALLIE O’NEILL RICE

“My family and I have trusted RPE Realty with our own personal real estate transaction. The family operated team is diligent, honest, and hard working. We are very proud to announce that our daughter, Allie O’Neill Rice, has joined their team and will be exclusively marketing and serving Dakota Delray.”

REALTOR®

Allie@RpeRealty.com

TONY ECKERT REALTOR®

Tony@RpeRealty.com

FIND YOUR NEXT HOME AT WWW.21TEAM.COM

C U R R E N T D A K O TA D E L R AY A C T I V I T Y

Active

Pending

Sold

L E T T H E 2 1 T E A M G O T O B AT F O R Y O U ! C A L L U S T O D AY.

D A K O TA D E L R AY REAL ESTATE MARKET REPORT HOMES FOR SALE TOTAL HOMES BEDS RANGE 1

BATHS RANGE

EST. SQ. FT. RANGE*

LIST PRICE RANGE

2.1

2,300

$1,150,000

2

HOMES CURRENTLY PENDING TOTAL HOMES BEDS RANGE 6

BATHS RANGE

EST. SQ. FT. RANGE*

LIST PRICE RANGE

2.1 – 3.1

1,800 – 2,600

$899,000 – $1,299,000

3–4

HOMES RECENTLY SOLD

© 2022 Google

DA KOTA D E L R AY AT A GLANCE

16

Homes Recently Sold

$1,150,000 Average Active List Price

$1,125,975 Average Sold Price

22

Average Days On Market (Solds)

This map is a visual representation of the data on the opposing page. The data and corresponding location pins are deemed to be accurate but not guaranteed. Some location pins may not be visible and/or updated with the latest location data.

STATUS Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold

ADDRESS 9830 Salty Bay Drive 9679 Salty Bay Drive 15253 Seaglass Terrace Lane 15339 Sandy Beach Terrace 9589 Highland Pointe Pass 9978 Steamboat Springs Circle 9618 Brook Isles Avenue 15338 Sandy Beach Terrace 9704 Salty Bay Drive 9605 Brook Isles Avenue 9620 Highland Pointe Pass 9881 Steamboat Springs Circle 9601 Highland Pointe Pass 9645 Sterling Shores Street 15240 Seaglass Terrace Lane 15375 Blue River Road

BEDS 4 5 6 4 3 6 5 5 6 3 5 6 5 3 4 6

BATHS 3.0 4.0 5.0 3.0 3.0 5.0 4.0 4.0 5.0 3.0 4.0 5.0 5.1 2.1 3.0 5.0

EST. SQ. FT. 2,656 2,767 3,592 2,656 2,157 3,592 2,848 2,584 3,592 2,157 2,584 3,592 3,706 1,976 2,656 3,592

LIST PRICE $1,400,000 $1,175,000 $1,425,000 $1,100,000 $849,000 $1,295,000 $1,250,000 $1,150,000 $1,295,000 $850,000 $1,200,000 $1,099,000 $1,200,000 $719,000 $899,000 $1,279,000

SOLD PRICE $1,475,000 $1,160,000 $1,400,000 $1,125,000 $901,000 $1,250,000 $1,250,000 $1,126,100 $1,295,000 $850,000 $1,150,000 $1,025,000 $1,250,000 $712,000 $899,000 $1,147,500

SOLD DATE 04/25/22 04/07/22 04/05/22 03/14/22 03/03/22 02/15/22 02/15/22 01/31/22 01/31/22 12/17/21 12/17/21 12/06/21 12/01/21 11/30/21 11/30/21 11/15/21

Allie O’Neill Rice, Tony Eckert, 21 Team, and RPE Realty are not in any way affiliated with Dakota Delray Home Owners Association, nor is this in any way an official advertisement or publication of Dakota Delray. © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the BeachesMLS between November 15th, 2021 and May 2nd, 2022. Listings and sales may not be those of RPE Realty. The BeachesMLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated square feet rounded down to nearest hundred.