DeLand Real Estate Market Overview

FOR IMMEDIATE RELEASE
Contact: Allen Thompson
Broker
EXIT Realty Advantage in DeLand
352-874-7242
allen@homesofvolusia.com
www.DeltonaHomeSource.com
 

DeLand Real Estate Market Overview

DeLand, Florida (Grassroots Newswire) February 4, 2020 -- According to the Stellar MLS data, the West Volusia real estate markets have remained strong in the fourth quarter of 2019.

Deltona saw an average sales price of $190,988, an increase of 7% over the previous year. 542 homes sold in the 4th quarter and 363 remained on the market. That is an 18.4% decrease in inventory.

In DeLand, the average sales price was up 4.6% to $230,596 and the current inventory of homes for sale was 335, that is down 8.5% for the same time period the year before. The number of sales was up 13.1%.

Orange City saw an increase in the average sales price of 1.5% from a year ago to $193,938, the number of available homes for sale was up 16.1% and the number of homes sold was only up 2%. This is a positive sign as inventory remains very low in Orange City.

DeBary witnessed an 8% increase to an average sales price of $269,378 and a nearly 11% decline in the number of homes available for sale.

The declining inventory gives reason to believe that home prices in the West Volusia markets will remain strong as buyers will continue to have to compete for their dream homes. More details about each market can be found on our blog at www.DeltonaHomeSource.com

All statistics are according to Stellar MLS Data for the fourth quarters of 2018 and 2019.

About EXIT Realty:  EXIT is a proven real estate business model that has to-date paid out more than $460 million in single-level residual income to its associates across the U.S. and Canada. EXIT Realty’s Expert Marketing Suite™ including geolocation Smart Sign™ technology gives home sellers the edge in a competitive marketplace. The company’s Focus on Good Health blog promotes wellness at work and home. A portion of every transaction fee received by EXIT Realty Corp. International is applied to its charitable fund and to-date, $5.5 million has been pledged to charity. For more information, please visit www.exitrealty.com.

EXIT Realty Advantage is located at 2683 S Woodland Blvd, DeLand.  For more information, please call Allen Thompson, licensed broker at 352-874-7242 or visit our website www.DeltonaHomeSource.com.


Documents and/or Photos available for this release:

Caption(s):
Market Insights 2020
Allen Thompson, EXIT Realty Advantage

To view supporting documents and/or photos, go to www.enr-corp.com/pressroom and enter Release ID: 430561