Daytona Beach Home Sale Update October 2015

Daytona Beach area home sales in October remained consistent with the heightened numbers we saw last year at this time. There were 371 closed sales on Daytona Beach homes in October, a decrease of only nine properties over 2014. However, under this same comparison, both average sale price and average list-to-sell price increased. Home sales averaged more than $200,000 for the 6th month of 2015 which points to stable, yet marginally increasing property values in our area. Along with the increasing list-to-sell average, the median days on market was also at it’s lowest for 2015 in October which signals the competitive nature of the current Daytona Beach real estate market. While the number of sales between $100,000 and $200,000 decreased slightly, the number of sales $300,000 and above increased significantly. Also the number of short sales and foreclosures across Daytona Beach decreased more than 20% from last year. If you have a question about the Daytona Beach area home market or would like a free, professional valuation of your current property, call us at (386) 527-8577 today. We look forward to hearing from you!

*Data provided by Daytona & Florida Realtor Associations