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Real Estate Market Data for Port Orange, Florida area March 2011

By
Real Estate Agent with Keller Williams

Here is a comparison for ENTIRE DAYTONA MLS of March 2011 to the previous 30 days (1/30/11 to 2/28/11) AND compared to March of 2010.

  

Bottom line compared to LAST YEAR there are fewer new listings, sales are about the same, but properties going "pending" is up almost 20%.  Average sales prices are flat. I prefer looking at price per square foot when it comes to pricing. Days on Market is averaging 137.

 

Monthly Statistics Report - 03/01/2011 - 03/31/2011

DAYTONA BEACH AREA ASSOC. OF REALTORS - Compiled on April 8, 2011

 

03/01/2011 - 03/31/2011

Change from
01/30/2011 - 02/28/2011

03/01/2010 - 03/31/2010

Change from
03/01/2010 - 03/31/2010 to
03/01/2011 - 03/31/2011

YTD
2011

YTD
2010

2010 - 2011
YTD

         

Residential

         

New Listings

953

11.72%

1,080

-11.75%

2,781

3,194

-12.93%

         

Sold Listings

400

15.27%

394

1.52%

1,020

1,007

1.29%

         

Pending Listings

349

13.31%

293

19.11%

903

834

8.27%

         

Vol. Sold Listings

$63,662,397.00

22.78%

$62,582,443.00

1.72%

$155,120,747.00

$157,381,547.00

-1.43%

         

Avg. Sell Price

$159,155.99

6.51%

$158,838.69

0.19%

$152,079.16

$156,287.53

-2.69%

         

Median List Price

$129,900.00

8.25%

$139,700.00

-7.01%

$125,000.00

$129,900.00

-3.77%

         

Median Sell Price

$118,950.00

3.43%

$128,750.00

-7.61%

$118,000.00

$124,900.00

-5.52%

         

List to Sell Ratio

91.47%

0.30%

92.35%

0.94%

91.83%

91.83%

0.00%

         

Avg. Day on Market

137

21.23%

133

3.24%

126

132

-5.04%

         

 

         

 

 

 Here is a comparison for PORT ORANGE ONLY of March 2011 to the previous 30 days (1/30/11 to 2/28/11) AND compared to March of 2010.

  Bottom line compared to LAST YEAR there are fewer new listings, sales are UP BY 40%, properties going "pending" is up almost 50%.  Average sales prices are flat. I prefer looking at price per square foot when it comes to pricing. Days on market is averaging 145.

 

Monthly Statistics Report - 03/01/2011 - 03/31/2011

DAYTONA BEACH AREA ASSOC. OF REALTORS - Compiled on April 8, 2011

 

03/01/2011 - 03/31/2011

Change from
01/30/2011 - 02/28/2011

03/01/2010 - 03/31/2010

Change from
03/01/2010 - 03/31/2010 to
03/01/2011 - 03/31/2011

YTD
2011

YTD
2010

2010 - 2011
YTD

         

Residential

         

New Listings

162

8%

179

-9.49%

458

525

-12.76%

         

Sold Listings

81

32.78%

58

39.65%

188

177

6.21%

         

Pending Listings

73

17.74%

48

52.08%

168

137

22.62%

         

Vol. Sold Listings

$14,601,875.00

58.37%

$10,270,311.00

42.17%

$30,769,836.00

$29,972,395.00

2.66%

         

Avg. Sell Price

$180,270.06

19.26%

$177,074.33

1.80%

$163,669.34

$169,335.56

-3.34%

         

Median List Price

$134,900.00

3.84%

$141,926.50

-4.95%

$137,945.00

$145,900.00

-5.45%

         

Median Sell Price

$122,500.00

-2%

$135,950.00

-9.89%

$125,000.00

$138,000.00

-9.42%

         

List to Sell Ratio

91.21%

0.66%

95.32%

-4.31%

92.00%

93.80%

-1.91%

         

Avg. Day on Market

145

22.75%

123

17.97%

128

135

-5.44%

         

 

         

  

 

Here is a comparison for PONCE INLET/WILBUR by the SEA ONLY for March 2011 to the previous 30 days (1/30/11 to 2/28/11) AND compared to March of 2010.

  Bottom line compared to LAST YEAR there are fewer new listings, sales are FLAT, properties going "pending" is up almost 17%.  Average sales prices are down 21%. I prefer looking at price per square foot when it comes to pricing. Days on market is averaging 129 and is much shorter than last year.

 

Monthly Statistics Report - 03/01/2011 - 03/31/2011

DAYTONA BEACH AREA ASSOC. OF REALTORS - Compiled on April 8, 2011

 

03/01/2011 - 03/31/2011

Change from
01/30/2011 - 02/28/2011

03/01/2010 - 03/31/2010

Change from
03/01/2010 - 03/31/2010 to
03/01/2011 - 03/31/2011

YTD
2011

YTD
2010

2010 - 2011
YTD

         

Residential

         

New Listings

40

25%

44

-9.09%

135

171

-21.05%

         

Sold Listings

22

46.66%

23

-4.34%

52

54

-3.70%

         

Pending Listings

14

0

12

16.66%

51

41

24.39%

         

Vol. Sold Listings

$4,392,840.00

14.22%

$5,845,700.00

-24.85%

$11,792,440.00

$16,131,975.00

-26.90%

         

Avg. Sell Price

$199,674.55

-22.12%

$254,160.87

-21.43%

$226,777.69

$298,740.28

-24.08%

         

Median List Price

$192,175.00

-33.70%

$275,000.00

-30.11%

$221,500.00

$282,450.00

-21.57%

         

Median Sell Price

$176,500.00

-30.78%

$250,000.00

-29.4%

$199,000.00

$260,000.00

-23.46%

         

List to Sell Ratio

92.19%

-2.86%

91.79%

0.43%

92.67%

92.71%

0.04%

         

Avg. Day on Market

129

0.52%

187

-31.07%

120

153

-21.52%

         

  

With the increase of "pending" sales, we will have to look at next month's data to see if they translate into "solds".   Some pre-foreclosure sales go pending but do not close. Hopefully this bump will translate into sales.

 If anybody wants to see a specific area in MLS I would be happy to provide it next month. The areas are rather large such as "Port Orange S of Dunlawton E of I95". I can search individual subdivisions but it takes more time.

 Also - please check out my new website where you can search the MLS like a PRO:  www.findahomeinportorange.com

 

Thanks

 Phil

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