Daytona Beach Condo Update 1st Quarter 2015
Daytona Beach area condo sales have increased steadily in the first quarter of 2015 as more people discover the tremendous value found along the World’s Most Famous Beach. No other Florida beach town offers the level of affordable luxury found in Daytona Beach, Ponce Inlet and Daytona Beach Shores. And while there are many well-priced condos for sale currently, the larger demand has drawn sale prices higher, with quality offerings spending much less time on the market. In Daytona Beach, Ponce Inlet and Daytona Beach Shores, condo sales have increased while days-on-market have decreased over the past two years. Kevin Kling has also found condo sale success so far this year with 14 closed condo sales and an additional five properties under contract. Let’s take a closer look at condo sales through the first quarter of 2015.
In Daytona Beach there were 65 condo sales through the end of March compared to 54 in 2013. Over this same time period the average sale price for Daytona Beach condos rose by more than 11% while average days on market stayed relatively the same.
Daytona Beach Shores closed 63 condo sales in the first quarter of 2015, up four from last year. Though this was not a significant increase, the average sale price rose by more than 5% over this same period with average days on market decreasing by more than two months! So far this year, Kevin’s average sale price on closed sales of Daytona Beach Shores condos is $160,000 more than the market average.
Condo sales in Ponce Inlet have also been steady and the average sale price has increased over the past 3 years. Also, through the first quarter of 2015 the average sale price for Ponce Inlet condos was $257,158 while Kevin Kling is averaging $391,667 on his Ponce Inlet closings.
All in all, we are very encouraged by these first quarter condo sales and expect the remainder of 2015 to be strong for the Daytona Beach area condo market. In this competitive time, it is important to select the best representation in order to secure the highest possible value for your condo. Kevin is averaging nearly 97% list-to-sell price on condos listed with him, which is well above the local and national average. Call us today at (386) 527-8577 for prompt and professional real estate results.
*Statistics taken from Daytona MLS and sold by participants.