Closed sales of existing homes rose 64% year-over-year in Flagler County and 46% in Volusia in April
The median sale price of homes sold in April rose 20% year-over-year in Flagler and rose 18% in Volusia
Cash purchases of homes in April rose 156% year-over-year in Volusia and rose 79% in Flagler
DAYTONA BEACH Despite inventories shrinking to new record lows, the number of homes sold in both Volusia and Flagler counties in April shot up, did median sale prices, according to area Realtor association reports.
And for the first time ever, the median percent of the original list price received rose to 100% in the combined two-county area.
Permits for new homes in Volusia County jumped 22% to 3,564 in 2020, up from 2,906 in 2019.
Permits for new homes in Flagler County climbed to 1,621 in 2020, up 40% from 1,153 in 2019.
The fewest permits for new homes was in 2011 when Volusia had only 474 and Flagler had just 153. and
Most permits for new homes was in 2005 when Volusia had 6,857 and Flagler had 3,043.
DAYTONA BEACH While the COVID-19 pandemic shut down much of the local economy last year, builders in Volusia and Flagler counties picked up the pace by pulling permits for the most new homes since 2005. When we started coming out of the lockdown last year, we burst out of it, said Toby Tobin, a Realtor with Grand Living Commercial Realty in Palm Coast. Starting in June, building permits for new homes were off the charts.
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.