August 10, 2015
In an analysis of recent condo sales, The Wyse Condo Team at Keller-Williams Realty in Port Orange found a decrease in the number of condos and condotels sold in the Daytona Beach area in July, compared to both a month and a year earlier. However, the median sales prices for condos was up dramatically.
Daytona Beach MLS records indicate 82 condos and condotels sold in the Daytona Beach area during July 2015, with a median sales price of $197,950. Just a year earlier, in July 2014, 106 condos and condotels sold with a median sales price of just $125,700. Meanwhile, there were 118 condos and condotels sold in June 2015 with a median sales price of 136,450.
“While condo sales numbers in the Daytona Beach area did show a decline, the average median sales price was up rather significantly both year over year and month over month,” said Ron Wysocarski, leader of The Wyse Condo Team and The Wyse Home Team at Keller Williams Realty in Port Orange. “We believe this notable price increase continues to indicate strong condo market stability in our area.”
Daytona Beach MLS data for all Condo and Condotel Sales:
· July 2015: 82 condo/condotels sold with a median sales price of $197,950.
· July 2014: 106 condo/condotels sold with a median sales price of $125,700.
· June 2015: 118 condo/condotels sold with a median sales price of $136,450.
Daytona Beach MLS data for Condos and Condotels separated:
· July 2015: 75 condos sold with a median price of $215,000.
· July 2015: 7 condotels sold with a median price of $53,500.
The July 2015 highlights of luxury condo sales in the Daytona Beach area include:
· A $625,000 condo sale at Ocean Villas Condos, Daytona Beach Shores on 7/31.
· A $560,000 condo sale at Towers Seven Condos, Ponce Inlet on 7/22.
· A $485,000 condo sale at, Ocean Villas Condos Daytona Beach Shores on 7/24.
· A $475,000 condo sale at Ocean Shores Condos, Ormond Beach on 7/30.
For more information about the Daytona Beach area condo and housing market trends, to sell your home or condo FAST and for MORE $$, or to search for homes and condos currently for sale, visit RonSellsTheBeach.com.
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