Daytona Beach, FL – Barring a real dramatic turn in December, it looks like 2018 is going to finish as a strong year for those who sell condominiums in the Daytona Beach area.
The median sales price went up more than 5% – or $9,000 – last month compared to November 2017, according to the latest numbers from the Daytona Beach Multiple Listing Service.
104 condos and condotel units sold in the area this November – just one shy of the 105 sold in November 2017 – for a median price of $186,000. That number was $177,000 the November prior, per MLS statistics.
It is a fairly steep decline from October in numbers sold (129) and price ($207,000), but Ron Wysocarski – the owner of Wyse Home Team Realty in Port Orange – says that’s not a big surprise.
“The slowdown in sales during November is a trend that’s typical as many of the area’s condo buyers shift their focus away from shopping to spending time with the family,” Wysocarski added. “Overall, November was a good month for the Daytona market.”
So far this year, median prices are up nearly 10% from 2017’s pace, while total sales are up 4% compared to this point in 2017. 1,436 condos have sold for the first 11 months of this year for a median price of $207,250. In 2017, 1,378 condos changed hands for a median price of $188,500.
Inventory levels also remained steady in November with 1,046 units made active on the MLS at some point that month compared to 1,042 for October. In November 2017, the number of for-sale condos on the market was 915.
Helping the median price go up somewhat was the sale of five units for over $500,000, primarily at the Ocean Villas Condos in Daytona Beach Shores. One unit at Tuscany Condos in Palm Coast went for nearly $1 million, per MLS data.