Port Orange Home Market Update - 1st Quarter 2015
The Port Orange home market has shown a great deal of prosperity in the first quarter of 2015 with the number of homes sold and the average sale price both rising over previous years. While more homes are being sold, and for larger sale prices, we have also seen a significant decline in the average days on market for Port Orange homes. This all points to an ever-improving real estate market here in our hometown. Port Orange home sales have risen from 173 in 2013 to 221 through the first quarter of 2015, a 28% increase in just two years.
Similarly, the average sale price for Port Orange homes rose from $196,387 to $212,709 over the same time period. This is an 8% increase and represents rapidly appreciating property values in Port Orange.
Quality Port Orange homes continue to be in high demand and this evident in the sharply declining average days on market over the previous two years. The first quarter of 2013 saw 188 average days on market, while this year, Port Orange home sellers are closing deals more than one month sooner with just 142 days on market.
Kevin Kling has posted three Port Orange home sales this year with two more properties currently under contract. Plus, two of our three Port Orange home sales garnered higher sale prices than the local market average. Quality homes like 1002 Mori Court were pending sale in less than two weeks utilizing our extensive marketing plan. Currently we have two luxurious, executive homes for sale in Port Orange, 743 Barrows Dairy Road in Rolling Hills and 1817 Summer Green Drive in Spruce Creek Fly In.
We are highly encouraged by the strong sales numbers found for Port Orange homes in the first quarter of 2015 and anticipate demand to increase steadily with the bevy of commercial development in our area. Kevin Kling grew up in Port Orange, went to Port Orange schools and continues to raise his own family in this tremendous community. If you are considering buying or selling a Port Orange home, enlist the help of a local expert with an exhaustive record of results. Call Kevin at (386) 527-8577 today and let us go to work for you!
*Statistics taken from Daytona MLS and sold by participants