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Daytona Condo Sales & Median Sale Price Increased In August, Inventory Still Low

By on September 16, 2017 in WNDB News

Daytona Beach, FL –  Low condo sales in July did not prevent the increase of median sales price and number of sales in August.

According to the Daytona Beach Multiple Listing Service (MLS), 152 condos in Daytona Beach were sold during July for a median sales price of $221,250. Compared to August 2016, those numbers indicate an 8.5% jump in sales and a 6.6% jump in median sales price. Compared to July 2017, August 2017 shows a 25% sales increase and a 16% price increase.

“The sharp turnaround in sales and prices in August was a welcome turn of events,” said the CEO of The Wyse Home Team at Keller Williams Realty, Ron Wysocarski. “It was also good to see a slight strengthening in high luxury condo market on units priced over $1 million.”

August also followed the trend of low condo inventories. Compared to August 2016, there were 19% fewer listings in Daytona Beach. But, year-to-date sales are still up with a 9.7% increase in sales and a 10% increase in median sales price.

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

  • August 2017: 152 condo/condotels were sold at a median sales price of $221,250.
  • August 2016: 140 condo/condotels were sold at a median sales price of $207,500
  • July 2017: 121 condo/condotels were sold at a median sales price of $190,000.
  • July 2016: 129 condo/condotels were sold at a median sales price of $205,000
  • 2017 year-to-date: 1049 condo/condotels were sold at a median sales price of $188,000.
  • 2016 year-to-date: 956 condo/condotels were sold at a median sales price of $170,312.

August 2017 separated condo and condotel sales:

  • August 2017: 136 condos sold at a median price of $229,500.
  • August 2017: 16 condotels sold at a median price of $62,000.

August 2017 luxury Daytona Beach condo sales included:

  • $1,400,000 condo sale at Le Jardin Condos in Palm Coast on August 7.
  • $1,300,000 condo sale at Minorca Condos in New Smyrna Beach on August 17.
  • $1,250,000 condo sale at Seacrest Condos in New Smyrna Beach on August 18.
  • $1,150,000 condo sale at Aliki Tower Condos in Daytona Beach on August 2.

Copyright Southern Stone Communications 2017.

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