Daytona Beach Homes Sales Up 33.4% – 1st Half 2010

580 More Daytona Beach Homes and Condos Sold in 2010 First Half

Sales of Daytona Beach area real estate are up 33.4% in the first half 2010 compared to 2009 and 62.3% over the first half of 2008.

Here is the breakdown of the first half sales for the last three years:

  • 2010 – 2316 homes and condos sold
  • 2009 – 1736 sold
  • 2009 – 1427 sold

Numbers tell a little of the story, but the picture below shows the progression visually.

It’s obvious that the market has improved significantly over the past two years. Each month in 2010 has shown an increase in sales from the month before. Sales in June were 481 condos and homes sold.

The market is much stronger in the lower price ranges and that where about 90% of all sales are taking place. Homes and condos under $200,000 made up 74% of sales in June and sales under $300,000 made up 88.1% of all sales. Check out the June 2010 Daytona Beach homes sale report.

Contact Lynn at 386-566-7503 for more information or to discuss the current market and your options.

Daytona Beach Real Estate Sales Up 36% Over 1st Quarter 08

Second quarter Daytona Beach Real Home sales are well up over the first quarter of 2008.

1st Quarter Daytona Beach Real Estate Sales = 606 properties

2nd Quarter Daytona Beach Real Estate Sales = 823 properties

That’s an increase of over 36% in the second quarter. Granted we are 2.5% behind last years rate, but growth at this point in time, with all the bad economic news is encouraging.

We just published our Weekly Daytona Beach Homes and Condo Report. There is more information there on mortgage rates, home inventories and detailed sales numbers. You can get a picture of sales since January of 2007 at Daytona Beach Real Estate Market Analysis.

Generally, we are cautiously optimistic about area home sales. The second quarter was much better than the admittedly dismal first quarter. However, June sales dipped 9.7% below the May level. There just isn’t enough positive news to push a lot of buyers off the fence. They are waiting for CNN to say it’s OK to buy. I don’t blame them, but there are many bargains that are available in the market now that may not be there by the time “everyone” is comfortable buying again.

The Daytona Beach real estate market is mirroring about half the markets in the country. Fortunately, we are one of the lowest cost beachside areas in Florida and with our attractions and lifestyle, we are clearly one of the best values. The market has made a big comeback from the 1st quarter lows. We are certainly living in interesting times.