Daytona Beach, FL – The number of condos sold in the greater Daytona Beach area held steady in August compared to last year’s numbers but prices rose quite a bit in comparison. Ron Wysocarski, CEO of Wyse Realty, said Multiple Listing Service data showed 155 condo units were sold during the month of August 2018 compared to 158 in August 2017.
The difference is the price, with the median sales price almost $19,000 higher in August 2018. The median sales price in August 2017 was $223,250. For 2018, the numbers were up to $242,000. The rise in price is even greater when you compare July 2018 to August 2018 at a 27 percent increase.
Wysocarski said, “It’s good to see median prices rebounded over July’s numbers.” He went on to say, “We anticipate the local condo market will soon settle into a somewhat neutral position, where shifts in median prices and sales are likely to be more subtle than we’ve seen in recent years.”
The number of condo units available for sale year to date is very even when comparing 2017 to 2018. In 2017, 1058 units were available in August 2017 and 1056 in August 2018. The difference, again, is the increase in price. The year to date median price in 2017 was $186,750. In 2018, it’s up to $203,700.