Sales of Daytona Beach Homes Up 58.7%
Sales of Daytona Beach homes and condos in September were up 58.7% over last September. Needless to say that’s is a huge increase.
Sales under $200,000 accounted for 72.4% of all sales and sales under $300,000 accounted of 88.6%. No homes were sold over $1,000,000. The 370 homes and condos sold in September fell just short of July’s sales of 375 properties that was the highest in over three years.
Month to month, September sales were 10.4% higher than the 335 sales recorded in August.
What Do The Sales Numbers Say?
The numbers tell us one simple thing about the Daytona Beach real estate market – more people believe that homes and condos are at price right. The numbers don’t tell us anything about reaching a price bottom or whether prices will go up or down. It was recently reported in USA Today that people are finding bargains in the Daytona Beach area and that’s true. It’s hard to believe some of the deals we’re seeing.
Is Now The Right Time to Buy?
Buying or investing in a home is a decision that only you can make. There are no guarantees, but patient buyers will find great deals. Foreclosures and short sales are keeping prices down, but eventually that will runs its course and pressure will begin to mount for prices to rise again. If you are ready to explore the market and discuss options, give me a call at 386-566-7503.
Reported sales are from the Daytona Beach MLS.