Daytona Beach Condos – What’s Selling and Where?
What’s selling now in Daytona Beach? Four months into the new year, condos sales are up 19.5% over last year both for Daytona Beach area homes and condos. Interested in what’s selling? Here’s the data.
Daytona Beach Condos sold through April 2009
Daytona Beach and Daytona Beach Shores condo sales dominate the local market. As you will see in the table below, these two communites make up 59.6% of condos sales recorded in the Daytona Beach MLS.
| Community | Condos Sold | Low Sale | Low High | Percentage Sold |
| Daytona Beach | 64 | $19,900 | $328,000 | 30.0% |
| Daytona Beach Shores | 63 | 80,000 | 675,000 | 29.6% |
| Ormond Beach | 20 | 85,000 | 450,000 | 9.4% |
| New Smyrna Beach + Edegewater | 20 | 155,000 | 650,000 | 9.4% |
| South Daytona | 16 | 25,000 | 45,000 | 7.5% |
| Ponce Inlet | 15 | 149,000 | 600,000 | 7.0% |
| Port Orange | 10 | 32,000 | 175,000 | 4.7% |
| Holly Hill | 5 | 17,000 | 52,000 | 2.3% |
In makes sense that most condos sales happen in Daytona Beach and Daytona Beach Shores. Simply, that’s where most of the condo building are located. Most of the lower priced condos are located in Daytona Beach, Port Orange and South Daytona.
Don’t think that all these low priced condos are cheap. Many are very nice, but they’re not on the beach or beachside. That’s why prices in Daytona Beach Shores and Ponce Inlet are higher, they are beachside communities with many direct waterfront condominiums.
It’s really hard to determine how many of thse properties are foreclosure or distressed properties because it was only recently that foreclosure, short sale and distressed properties were coded in the MLS. We suspect the number is over 50%. To get more information on foreclosures, go to Daytona Beach Foreclosures or Daytona Beach REO (real estate owned or bank owned properties).
Low Prices Rule
59.6% of all condos sold, sold for under $200,000. Low prices are dominating sales. The market for larger condos and homes is small. You can see from the chart below that if you are selling under $200,000 you’ll have plenty of interest – if you are competitively priced.
| Price Sold | Number Sold | Percentage Sold |
| Under $100,000 | 78 | 36.6% |
| $100,000 – $199,999 | 49 | 23.0% |
| $200,000 – $299,999 | 44 | 20.7% |
| $300,000 – $399,999 | 15 | 7.0% |
| $400,000 – $499,999 | 16 | 7.5% |
| $500,000 – $599,999 | 6 | 2.8% |
| $600,000 & above | 5 | 2.3% |
Sellers – Don’t Play Games
Something jumped out while analyszing condo sales – the spread between buy and sell price were not big. This tells me that the biggest driver for selling you condo is to price it to sell in the current market. If you need help determining that what that means, give me a call and I can help you figure it out. Just dial 386-566-7503 or 888-519-9579.
If you need to sell, don’t play games. Price it to sell. There are too many condos on the market and people are looking in price ranges. If you are too high, you might see a few lookers, but you won’t see buyers.
Buyers, we have some great strategies for you. Call me to find out more.
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