Daytona Condo Prices Dropped In November While Sales Remained Steady

By on December 10, 2017 in WNDB News

Daytona Beach, FL – Daytona Beach condo prices plunged for the second month in a row as sales continued to hold their ground.

According to the Daytona Beach Multiple Listing Service (MLS), 98 condos were sold at a median sales price of $181,250 during the month of November. The number of sales this November is two greater than the number of sales during November 2016.

The MLS shows a 13.2% drop in median sales price, which is also down month over month. Sales this November were only slightly higher than sales in October of this year. Inventory was also limited in November with only 827 units available, 13.4% fewer available than in November 2016. Year-to-date (YTD) sales have increased more than 6.4% and median sales prices have gone up over 7.3%.

“It’s not unusual for real estate markets to languish a bit around the holidays as people shift their focus over their families and traditions,” said the CEO of The Wyse Home Team at Keller Williams Realty, Ron Wysocarski. “Despite the persistent inventory issues, it has been a good year in real estate around the Daytona area with overall growth in sales and prices.”

The following are comparisons of condo and condotel sales and prices combined over months and years:

  • November 2017: 98 condo/condotels were sold at a median sales price of $181,250.
  • November 2016: 96 condo/condotels were sold at a median sales price of $209,000
  • October 2017: 93 condo/condotels were sold at a median sales price of $190,000.
  • October 2016: 94 condo/condotels were sold at a median sales price of $215,000
  • 2017 YTD: 1370 condo/condotels were sold at a median sales price of $189,000.
  • 2016 YTD: 1287 condo/condotels were sold at a median sales price of $176,000.

November 2017 separated condo and condotel sales:

  • 88 condos sold at a median price of $205,000.
  • 10 condotels sold at a median price of $63,950.

November 2017 luxury Daytona Beach condo sales included:

  • $921,250 condo sale at Ocean Vistas Condos in Daytona Beach Shores on November 2.
  • $734,000 condo sale at Minorca Condos in New Smyrna Beach on November 27.
  • $650,000 condo sale at Palma Bella Condos in Daytona Beach Shores on November 3.
  • $650,000 condo sale at Palma Bella Condos in Daytona Beach Shores on November 16.

Copyright Southern Stone Communications 2017.

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