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Inventory of available homes shrinks to just 943 in Volusia, 318 in Flagler
Median sale price for Daytona area homes sold in March jumps 24%
DAYTONA BEACH Home sale prices climbed to record highs in March in Volusia and Flagler counties as the area s red-hot real estate market has yet to show signs of cooling down.
The median sale price in the Daytona Beach area topped $300,000 for the first time ever. It s amazing, said John Adams, president of Adams, Cameron & Co. Realtors in Daytona Beach. The real estate market is through the roof, no question about it.
The March price was a 24% leap from the same month a year ago and a 12% increase from February.
From the time we listed it on Dec. 4, the market went from having a tight housing inventory to not having any, said the couple s Realtor, Geri Westfall Adams, referring to the home the Johnsons recently sold in Ormond Beach s Chelsea Place community.
In February, the number of available existing single-family homes shrank to a new all-time low of just 1,035 in Volusia County, down 60% from the same month a year ago. In Flagler County, the inventory of active listings fell even more, down 70.7% to just 333, according to area Realtor association reports.
The Johnsons, who have an 18-month-old son, said their stay with Maxine s parents is just temporary but acknowledged it could be a long wait until they can find a home for sale in their price range. They are determined to remain in Ormond Beach where both grew up and where they have family.
DAYTONA BEACH The momentum from the surge in home sales in the second half of 2020 in Volusia and Flagler counties has continued into the new year, the latest reports from area Realtor associations show.
Ormond Beach Realtor Kelly Ferguson didn t need to wait for the January home sales reports to know that.
The agent with Geri Westfall Real Estate closed five home sales in a single day in late January. It was the most she s ever done in a 24-hour period since she began her career as a Realtor in 2017. Jan. 29 was a wild day. I started at 8 a.m. and worked until 8 p.m., said Ferguson of the five transactions.
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