Port Orange Real Estate August 2013
It is our job to tell you what a great place Port Orange is to call home. While we can list the many beautiful parks, award-winning schools, and array of commercial comforts that make up this community, the best argument to show the popularity of Port Orange real estate is to examine the numbers. After reviewing sales data for the month of August 2013 and comparing it to previou years’ August numbers, the numbers begin to speak for themselves. Beginning with residential sales in Port Orange, total sales in August increased by nearly 100 homes from the previous two years.
We get many calls daily from cash buyers or investors looking for quick-flips, and the large jump shown from 2012 to 2013 may be seen by some as the result of these investors finding foreclosures or other distressed properties. However, this hypothesis is tarnished when you examine the rising sale price of these same properties.
Again, with the average sale price we see the plateau from 2011-12 find a sharp rise in 2013. From around a $90,000 average to nearly $118,000 this year, it becomes clear that not only are more Port Orange properties selling, but they are also earning higher values than have been seen in years. An added benefit to more homes selling for higher prices is the fact that these homes are also moving quicker, with average days on market plummeting for these popular properties.
It is obvious that Port Orange real estate is selling better these days, but let’s also examine what is left over after a very strong summer of selling. Popular family communities such as Waters Edge, Sabal Creek and Ashton Lakes are very low on available inventory. In fact, there are just four homes for sale in Sabal Creek and only three available for sale in Ashton Lakes. Now is the time to buy a Port Orange home before the market moves out of your budget. Call us today to schedule a showing of one of our beautiful listings or at any other property in the Daytona Beach area. With over 60 transactions totalling right at $18 million in 2013, Kevin Kling and 386RealEstate produce results as we continue to rise above the rest.