Volusia Home Sales 4th Quarter 2012
A few days ago I discussed the year-end national reports on home sales and availability which showed a steady improvement in the real estate market, with sales reaching a 5-year-high nationally. This improvement is not just reflected, but actually magnified, by a new report specific to Volusia County residential home sales. The statistics coming out show a much stronger gain across the board for Daytona Beach area real estate, making buying property in this area an ideal investment opportunity as well as promoting a stronger market for sellers.
What a difference a year makes! From the 4th quarter of 2011 to the 4th quarter of 2012, completed home sales in Volusia County rose nearly 13% from 1,639 to 1,846, with 2,402 pending sales; a staggering 51.8% increase from the year before. Additionally, the median sale price of these homes has risen over 10% this past year, highlighting an upswing in market value. For sellers, more positive numbers show that the median number of days on the market for these homes has dropped over 21% and even the average percentage of original listing price received has risen slightly.
The final, and possibly most telling numbers, show that available single-family homes in Volusia County have dropped over 36% from 5,411 to just 3,454 homes on the market. The numbers speak for themselves, showing a steadily growing real estate demand that is still inviting for investors while becoming more competitive for sellers.
Call me today to explore available Daytona Beach area real estate or to discuss the sale of your Port Orange, Ormond Beach, or Ponce Inlet home or condo.