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Daytona Beach Real Estate Sales Up 35% from January
Sales of residential property in Daytona Beach is up 35% January. That’s the good news, the bad news is that sales are down over 11% when compared against February of 2007.
The chart below shows sales and average prices for the past three months. It also shows a comparison between sales February of 2007 and 2008 and January and February for the two years. There is additional analysis and a graph of sales and average prices for the past 14 months at Daytona Beach Real Estate Market Analysis.
| Period | Homes Sold | Average $ Price |
| Dec 2007 | 230 | 283,000 |
| Jan 2008 | 164 | 257,000 |
| Feb 2008 | 222 | 237,000 |
| Feb 2007 | 250 | 295,000 |
| Jan-Feb 2008 | 386 | 247,000 |
| Jan-Feb 2007 | 473 | 278,500 |
| Decline Jan-Feb 2007 - Jan-Feb 2008 | -18.4% | -11.3% |
It looks like the next two months are going to give us a good indicator of what the year will bring for home and condo sales in Daytona Beach. We have a negative units sold trend that needs to stop. When sales steady or start to climb, we are on the way to recovery. We need to see if the increase holds or we see a dip.
As always give me a call if you want to discuss the numbers or the opportunities in the market.
3 responses so far ↓
1 Ellijay Real Estate // Mar 6, 2008 at 8:27 am
Many areas saw increase just in the last few weeks and I hope it is the spring weather bringing them out and looking to see what is available.
With your area being a tourist area I am sure they will come and buy. Many boomers are retiring and Florida is a great place and Daytona a favorite for many.
Love the beach there!
2 Melbourne FL Homes For Sale // Mar 18, 2008 at 6:52 am
I think the FHA news and increase in limits was what many were waiting on and hopefully they are in the qualifying process and will be out shopping in the next few weeks for a house.
I saw a housing auction on tv last weekend they sold 1000 houses. They showed pictures of properties inside and out and last two amounts house sold for and in 5 minutes sold. They had financial people on site and houses were available before show. There were thousands of people in attendance under tents. Thats the way to move volumes. It was from places all over Florida.
3 Daytona Beach Florida New Homes // Mar 21, 2008 at 7:13 am
March was very busy compared to February and I am hoping things continue for the remainder of the year. I don’t think we will surpase 2007 but come close and thats not so bad in todays market.
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