Daytona Beach area condo sales were strong through the first half of 2015 and are on pace to meet or even exceed the record condo sales we saw last year. In Daytona Beach Shores and Ponce Inlet, condos sold at nearly the same rate as last year while the number of Daytona Beach condo sales has risen since 2014. Daytona Beach Shores continues to be the top city for condo sales, with 150 closings through the first half of 2015.
There were 135 Daytona Beach condo sales from, January 1st to June 30th while there were 44 condo sales in Ponce Inlet over this same time period. The differential in sales by city simply illustrates the concentration of property type for those still deciding on which Central Florida beach town is best for them. Ponce Inlet has fewer condo buildings, many of which are on no-drive sections of beach. Condos in Daytona Beach and Daytona Beach Shores often offer more amenities and are more conveniently located to shopping, dining and attractions.
While both the number of condo sales and the average sale price across the Daytona Beach area remained about the same over last year, the average days on market decreased greatly. The plateau of sales is to be expected as less distressed properties are being sold and the increased sale prices we saw last year have many Daytona Beach condo owners holding onto their investment a little longer in this ever-strengthening market. But with Daytona Beach and Daytona Beach Shores condos selling in 20% less time than last year, there is an indication of a growing demand, and even competition, for quality condos.
Kevin Kling has sold 20 condos already this year in Daytona Beach, Daytona Beach Shores and Ponce Inlet. The average sale price of condos sold with Kevin is nearly $350,000 and we have been entrusted with the sale of several more beautiful oceanfront condos. To learn more about the the Daytona Beach area condo market, to discover the rising value of your current condo, or to find your own piece of paradise along the World’s Most Famous Beach, call Kevin and let us go to work for you. Call (386) 527-8577 today!