Daytona Beach Real Estate Sales Up Over 65% Over January
Despite seemingly overwhelming bad news in the national and local media, preliminary residential sales numbers show Daytona Beach home sales up over 24% over March and 65% over January. The numbers will improve over the next few days as agents finish entering April Sales.
Median residential home prices for Ormond Beach real estate, Daytona Beach real estate, and the surrounding areas came in at about $180,000. The market is still very much more active in the less than $200,000 sales price, but it is very encouraging that sales are up. It is too early to know for sure, but we may have seen the bottom of the market in January when only 164 residential properties were sold. In February, 222 properties were sold, in March 218, and April is at a current count of 271. These are the numbers from the Daytona Beach MLS and do not reflect private sales that do not go through the board.
56 condos , 6 condotels, 202 single family houses and 7 manufactured homes were sold in April. There are nearly twice as many more single family homes on the market than condos, but they sold at a rate nearly four times the rate of condos in April. Prices are adjusting for Daytona condominiums and Ormond Beach condos, but the higher end units may be priced out of most buyers price range at this point. Condo prices probably will drop more before sales pick-up.
It’s good to see that sales are up, but the market is still uncertain. There are bargains to be had, but you will probably still need help in finding the best opportunities. A Daytona Beach real estate agent can be indispensable in assisting you in finding Daytona Beach property that meets your lifestyle, location and price requirements. Give me a call at 386-566-7503 and we can discuss the market and available opportunities.
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