Ocean Delray Sale Sets New Record for Delray Beach

South Florida Business & Wealth – 

The COVID-19 pandemic will accelerate the ongoing trend of wealthy northeasterners moving to South Florida, some developers and brokers are predicting.

David Siddons, an executive director with Douglas Elliman, said at the beginning of April that daily inquiries from out-of-state prospective buyers had jumped from 10 to 15 per day to about 85 per day.

John Farina, president and CEO of U.S. Construction, which is developing Ocean Delray with National Realty Investment Advisors, said he’s also seeing Northeasterners think about their long-term plans.

“Should something like this coronavirus pandemic happen again, it seems like they would rather be in a place like Delray Beach, in a large and very comfortable residence overlooking the ocean versus over-crowded Manhattan”