Daytona Beach, FL – Condo sales in the Daytona Beach area may be slowing down, but you can’t say the same about home sales.
The latest Multiple Listing Service report shows 437 homes sold in the Daytona Beach area last month for a median price of $180,000.
That’s 46 more sales than what was recorded for September 2014, with the median price also up by $35,000, according to MLS.
September 2015’s sales and median price numbers were also better than the month before. August 2015 saw 424 sales and a $167,700 median price.
Ormond Beach led the way in both home sales (117) and median sales price ($227,000) last month. Port Orange had 114 homes sold for a $189,500 median price while Daytona Beach recorded 69 home sales for a $135,900 median price.
Ron Wysocarski – leader of The Wyse Home Team at Keller-Williams Realty in Port Orange – expects the total number of local homes sold in 2015 to beat 2014’s mark of 4,407 handily.
“Sales are up by nearly 12% year over year and prices are up by a notable 16%,” Wysocarski added.
So far in 2015, 3,886 homes have sold in the Daytona Beach area for a median price of $163,000, per MLS. There were 3,343 home sales during the first 9 months of 2014, with the median price at $152,500.
Wysocarski noted that Ormond Beach’s median prices are 10% above the August number and that Port Orange saw a 42% increase in total home sales compared to August.
Wysocarski also said that, unlike the rest of the country, the local market seems to be behaving differently when it comes to old homes versus new homes.
“Existing homes are keeping pace with the new homes as far as [an] increase in appreciation and desirability and that’s a really good thing for this market,” Wysocarski noted. “Some places, the new homes are dominating and the old homes [are] taking forever to sell. We’re not seeing what the rest of the country is seeing.”
Median sales prices for Daytona Beach area condos have fallen in 3 of the last 4 months, per MLS. Click here for that story.
Copyright 2015 Southern Stone Communications.