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712ae6 74ac74ffa23548f1a947013ff4471a9c Monthly Market Detail - March 2020 Townhouses and Condos
West Volusia Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
Summary Statistics
March 2020
Closed Sales Paid in Cash Median Sale Price Average Sale Price Dollar Volume Median Percent of Original List Price Received Median Time to Contract Median Time to Sale
New Pending Sales New Listings Pending Inventory Inventory (Active Listings) Months Supply of Inventory
26 14 $191,100 $238,658 $6.2 Million
94.5%
53 Days 78 Days
27 63 32 153 5.1
March 2019 25 10
$180,000 $201,545 $5.0 Million
95.2% 23 Days 53 Days
37 40 38 130 4.8
Percent Change Year-over-Year
4.0% 40.0% 6.2% 18.4% 23.2%
-0.7%
130.4% 47.2% -27.0% 57.5% -15.8% 17.7% 6.3%
Closed Sales
The number of sales transactions which closed during the month
Economists' note : Closed Sales are one of the simplest--yet most important--indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.
Month
Year-to-Date March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019
Closed Sales
84 26 37 21 21 24 37 29 31 33 28 34 36 25
Percent Change Year-over-Year
37.7% 4.0% 117.6% 10.5% -16.0% 33.3% 15.6% -12.1% -29.5% 37.5% -20.0% 41.7% 33.3% -7.4%
Closed Sales
2016 50
2017
2018
2019
40
30
20
10
0 J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, April 21, 2020. Next data release is Thursday, May 21, 2020.
Monthly Market Detail - March 2020 Townhouses and Condos
West Volusia Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
Cash Sales
The number of Closed Sales during the month in which buyers exclusively paid in cash
Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care.
Month
Year-to-Date March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019
Cash Sales
46 14 18 14 9 14 18 14 17 15 13 17 19 10
Percent Change Year-over-Year
48.4% 40.0% 80.0% 27.3% -25.0% 40.0% 63.6% -17.6% -19.0% -11.8% -13.3% 41.7% 46.2% -28.6%
Cash Sales
2016 30
2017
2018
2019
25
20
15
10
5
0 J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
Cash Sales as a Percentage of Closed Sales
The percentage of Closed Sales during the month which were Cash Sales
Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.
Month
Year-to-Date March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019
Percent of Closed Sales Paid in Cash
54.8% 53.8% 48.6% 66.7% 42.9% 58.3% 48.6% 48.3% 54.8% 45.5% 46.4% 50.0% 52.8% 40.0%
Percent Change Year-over-Year
7.9% 34.5% -17.3% 15.2% -10.6% 4.9% 41.3% -6.2% 14.9% -35.7% 8.2% 0.0% 9.8% -22.9%
Pct. of Closed Sales Paid in Cash
100%
2016
2017
2018
2019
80%
60%
40%
20%
0% J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, April 21, 2020. Next data release is Thursday, May 21, 2020.
Monthly Market Detail - March 2020 Townhouses and Condos
West Volusia Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
Median Sale Price
The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time.
Month
Year-to-Date March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019
Median Sale Price
$173,100 $191,100 $197,500 $159,000 $230,000 $128,500 $160,000 $128,900 $143,000 $170,000 $142,000 $186,500 $155,000 $180,000
Percent Change Year-over-Year
-5.4% 6.2% -19.4% -7.6% 84.1% -46.5% -13.9% 3.1% -15.9% -5.4% -25.3% 21.7% 10.7% 33.3%
Median Sale Price
$300K $250K $200K $150K $100K
$50K $0K
2016
2017
2018
2019
J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
Average Sale Price
The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses--particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.
Month
Year-to-Date March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019
Average Sale Price
$217,282 $238,658 $215,778 $193,467 $272,257 $178,225 $195,808 $178,364 $229,413 $225,379 $170,991 $211,099 $186,497 $201,545
Percent Change Year-over-Year
3.5% 18.4% 0.7% -10.9% 96.3% -27.6% -7.4% 12.3% 22.8% 4.7% -30.1% 3.7% 7.3% 1.9%
Average Sale Price
$350K $300K $250K $200K $150K $100K
$50K $0K
2016
2017
2018
2019
J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, April 21, 2020. Next data release is Thursday, May 21, 2020.
Monthly Market Detail - March 2020 Townhouses and Condos
West Volusia Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
Dollar Volume
The sum of the sale prices for all sales which closed during the month
Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies. Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually.
Month
Year-to-Date March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019
Dollar Volume
$18.3 Million $6.2 Million $8.0 Million $4.1 Million $5.7 Million $4.3 Million $7.2 Million $5.2 Million $7.1 Million $7.4 Million $4.8 Million $7.2 Million $6.7 Million $5.0 Million
Percent Change Year-over-Year
42.5% 23.2% 119.1% -1.5% 64.9% -3.4% 7.1% -1.3% -13.5% 44.0% -44.1% 46.9% 43.0% -5.6%
Dollar Volume
$14.0 M $12.0 M $10.0 M
$8.0 M $6.0 M $4.0 M $2.0 M
$0
2016
2017
2018
2019
J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
Median Percent of Original List Price Received
The median of the sale price (as a percentage of the original list price) across all properties selling during the month
Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.
Month
Year-to-Date March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019
Med. Pct. of Orig. List Price Received
95.3% 94.5% 96.3% 95.5% 94.6% 94.3% 93.4% 95.1% 94.0% 95.2% 94.7% 95.5% 94.3% 95.2%
Percent Change Year-over-Year
1.5% -0.7% 7.5% 1.7% 2.8% 0.1% -1.3% -1.1% -1.1% 0.7% -0.4% 1.6% -3.0% -1.2%
Med. Pct. of Orig. List Price Received
120% 100%
80% 60% 40% 20%
0%
2016
2017
2018
2019
J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, April 21, 2020. Next data release is Thursday, May 21, 2020.
Monthly Market Detail - March 2020 Townhouses and Condos
West Volusia Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
Median Time to Contract
The median number of days between the listing date and contract date for all Closed Sales during the month
Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales.
Month
Year-to-Date March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019
Median Time to Contract 50 Days 53 Days 47 Days 51 Days 61 Days 64 Days 73 Days 32 Days 48 Days 43 Days 48 Days 41 Days 38 Days 23 Days
Percent Change Year-over-Year
-9.1% 130.4% -47.2% -25.0% 29.8% -40.7%
5.8% 88.2% -23.8% 48.3% 41.2% 0.0% -20.8% -23.3%
Median Time to Contract
2016 120
2017
2018
2019
100
80
60
40
20
0 J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
Median Time to Sale
The median number of days between the listing date and closing date for all Closed Sales during the month
Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.
Month
Year-to-Date March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019
Median Time to Sale
87 Days 78 Days 85 Days 98 Days 95 Days 114 Days 105 Days 71 Days 81 Days 70 Days 82 Days 85 Days 79 Days 53 Days
Percent Change Year-over-Year
2.4% 47.2% -24.8% 15.3% 43.9% -21.9% -9.5% 26.8% -12.0% 25.0% 30.2% 11.8% -8.1% -24.3%
2016 200
2017
2018
2019
Median Time to Sale
150
100
50
0 J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, April 21, 2020. Next data release is Thursday, May 21, 2020.
Monthly Market Detail - March 2020 Townhouses and Condos
West Volusia Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
New Pending Sales
The number of listed properties that went under contract during the month
Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale.
Month
Year-to-Date March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019
New Pending Sales
97 27 39 31 24 16 36 30 35 33 31 27 40 37
Percent Change Year-over-Year
11.5% -27.0% 85.7% 6.9% 26.3% -23.8% 89.5% -6.3% 2.9% -23.3% 6.9% -28.9% 66.7% 37.0%
Pending Sales
2016 60
2017
2018
2019
50
40
30
20
10
0 J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
New Listings
The number of properties put onto the market during the month
Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value--and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.
Month
Year-to-Date March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019
New Listings
169 63 53 53 26 33 34 39 35 54 33 43 48 40
Percent Change Year-over-Year
32.0% 57.5% 1.9% 47.2% 18.2% -8.3% -12.8% -2.5% -7.9% 12.5% -10.8% -23.2% -7.7% 14.3%
2016 80
2017
2018
2019
New Listings
60
40
20
0 J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, April 21, 2020. Next data release is Thursday, May 21, 2020.
Monthly Market Detail - March 2020 Townhouses and Condos
West Volusia Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
Inventory (Active Listings)
The number of property listings active at the end of the month
Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.
Month
YTD (Monthly Avg) March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019
Inventory
137 153 132 126 110 114 107 128 125 135 127 140 132 130
Percent Change Year-over-Year
6.2% 17.7% -4.3% 6.8% -13.4% -17.4% -20.7% 3.2% 2.5% 2.3% 1.6% 4.5% 9.1% 30.0%
2016 200
2017
2018
2019
150
Inventory
100
50
0 J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
Months Supply of Inventory
An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.
Month
YTD (Monthly Avg) March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019
Months Supply
4.7 5.1 4.4 4.5 4.0 4.0 3.9 4.7 4.5 4.7 4.5 4.9 4.8 4.8
Percent Change Year-over-Year
-2.1% 6.3% -13.7% 2.3% -13.0% -16.7% -17.0% 6.8% 2.3% -2.1% 4.7% 8.9% 23.1% 50.0%
2016 8.0
2017
2018
2019
Months Supply of Inventory
6.0
4.0
2.0
0.0 J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, April 21, 2020. Next data release is Thursday, May 21, 2020.
Monthly Market Detail - March 2020 Townhouses and Condos
West Volusia Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
Closed Sales by Sale Price
The number of sales transactions which closed during the month
Economists' note: Closed Sales are one of the simplest--yet most important--indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.
March 2019
March 2020
8
7
6
5
4
3
2
1
0
Less than $50,000 - $100,000 - $150,000 - $200,000 - $250,000 -
$50,000
$99,999 $149,999 $199,999 $249,999 $299,999
Sale Price Less than $50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 or more
$300,000 - $400,000 $399,999 $599,999
Closed Sales
0 5 7 1 6 2 1 3 0 1
Percent Change Year-over-Year
N/A 0.0% 16.7% -83.3% 500.0% -33.3% -50.0% 50.0% N/A N/A
8
7
6
5
4
3
2
1
0
$600,000 - $1,000,000 or
$999,999
more
Closed Sales
Median Time to Contract by Sale Price
The median number of days between the listing date and contract date for all Closed Sales during the month
Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales.
March 2019
March 2020
800
700
600
500
400
300
200
100
0
Less than $50,000 - $100,000 - $150,000 - $200,000 - $250,000 -
$50,000
$99,999 $149,999 $199,999 $249,999 $299,999
Sale Price Less than $50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 or more
$300,000 - $400,000 $399,999 $599,999
Median Time to Contract
(No Sales) 90 Days 30 Days 3 Days 82 Days 11 Days 186 Days 113 Days (No Sales) 689 Days
Percent Change Year-over-Year
N/A 500.0% 130.8% -94.7% -72.8% -59.3% 313.3% -60.9%
N/A N/A
800
700
600
500
400
300
200
100
0
$600,000 - $1,000,000 or
$999,999
more
Median Time to Contract
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, April 21, 2020. Next data release is Thursday, May 21, 2020.
Monthly Market Detail - March 2020 Townhouses and Condos
West Volusia Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
New Listings by Initial Listing Price
The number of properties put onto the market during the month
Economists' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value--and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.
March 2019
March 2020
16
14
12
10
8
6
4
2
0
Less than $50,000 - $100,000 - $150,000 - $200,000 - $250,000 -
$50,000
$99,999 $149,999 $199,999 $249,999 $299,999
Initial Listing Price Less than $50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 or more
$300,000 - $400,000 $399,999 $599,999
New Listings
0 7 12 7 14 10 7 4 2 0
Percent Change Year-over-Year
N/A 75.0% 0.0% -12.5% 100.0% 66.7% 133.3% N/A N/A N/A
16
14
12
10
8
6
4
2
0
$600,000 - $1,000,000 or
$999,999
more
New Listings
Inventory by Current Listing Price
The number of property listings active at the end of the month
Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.
March 2019
March 2020
35
30
25
20
15
10
5
0
Less than $50,000 - $100,000 - $150,000 - $200,000 - $250,000 -
$50,000
$99,999 $149,999 $199,999 $249,999 $299,999
Current Listing Price Less than $50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 or more
$300,000 - $400,000 $399,999 $599,999
Inventory
0 16 33 14 23 19 21 18 7 2
Percent Change Year-over-Year
N/A 14.3% 26.9% 16.7% 0.0% 46.2% 31.3% 0.0% 0.0% 100.0%
35
30
25
20
15
10
5
0
$600,000 - $1,000,000 or
$999,999
more
Inventory
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, April 21, 2020. Next data release is Thursday, May 21, 2020.
Monthly Distressed Market - March 2020 Townhouses and Condos West Volusia Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
March 2020
Traditional
Closed Sales Median Sale Price
24 $217,000
Foreclosure/REO
Closed Sales Median Sale Price
2 $127,725
Short Sale
Closed Sales Median Sale Price
0 (No Sales)
March 2019 25
$180,000 0
(No Sales) 0
(No Sales)
Percent Change Year-over-Year
-4.0% 20.6% N/A N/A N/A N/A
Closed Sales
2016
2017
2018
2019
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%
Traditional Foreclosure/REO Short Sale
J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
$600,000
$500,000
Median Sale Price
$400,000
$300,000
$200,000
$100,000
$0 J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FM
2016
2017
2018
2019
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, April 21, 2020. Next data release is Thursday, May 21, 2020.
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