May Condo Sales Steady In Daytona Beach

By
Real Estate Broker/Owner with Wyse Home Team Realty SL3192071

Wyse Report: May Condo Sales Steady

Condo sales around the greater Daytona Beach area rose marginally year over year as prices dipped marginally. According to the Daytona Beach Multiple Listing Service (MLS), there were 121 condo sales in May, which is three more sales than occurred in both April of this year and May of last year.  Median sales prices, meanwhile, dropped by a marginal $2,500 from last May and fell by $11,500 from April of this year.    

 

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Daytona's growth and revitalization is drawing great attractions, companies, jobs and about 10,000 new residents per year. Here's development just done or currently underway that will bring the next round of companies and job seekers to Daytona Beach:  

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All the new commercial development is prompting construction projects that will give visitors, vacationers and new residents a great place to live. Here's a look at a few of the long awaited condo developments projects (in planning and construction phases) that we're watching for our condo clients:

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Low inventory levels have been wreaking havoc on home and condo sales and median prices for months. As buyers scour through far fewer listings than is typical around Daytona, many are asking "Why is it like this? Where did all the homes go?"

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This month's MUST HAVE condo is a lavishly luxurious 2 bedroom, 2 bath unit on the Intracoastal with breathtaking view and situated in a sought-after community with 18 acres of beautifully landscaped grounds to explore, a 32 boat slip marina, and top of the line resort amenities. 

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Topic:
Real Estate Market Trends
Location:
Florida Volusia County Daytona Beach
Groups:
Florida Rain Makers
Florida Waterfront
Florida Real Estate Investors
City and State
BuyWaterfronts
Tags:
condo sales
daytona beach

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Rainmaker
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Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great information...thank you for sharing and have a wonderful weekend!

Jun 10, 2016 12:32 AM #1
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Rainer
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Ron Wysocarski

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