Daytona Beach is a city in Volusia County with an estimated population of 69,186. The city is a popular destination for motorsports, with its hard-packed sandy beaches serving as locations for motorized vehicle races. In fact, the city hosts several events annually, including Speedweeks and the famous Daytona 500.
Compared to other parts of Florida, Daytona Beach has a more affordable real estate market. In fact, nearly half of the city’s population (45%) own their homes. The median listing price in Daytona Beach is $190K, at $150 per square foot. Homes usually sell for 4.7% below the list price after staying on the market for an average of 83 days. Some hot homes sell closer to the list price and go on pending after 46 days. Neighborhood T, the most expensive neighborhood in Daytona Beach, carries a median listing price of $304.7K. Meanwhile, the most affordable neighborhood, Neighborhood G, has a median listing price of $119.9K.
When buying a property in Daytona Beach, it is important to do so with careful consideration. After all, purchasing a home is a big investment.
Whether you are buying a home for yourself or to use as a rental property, you will need the help of a Daytona Beach real estate company. Professionals have more experience working in the field of real estate and have a better understanding of the market. They know the neighborhoods and possess excellent negotiating skills that can get you the best price for the deal. On the other hand, if you are selling your home, professional real estate services can also help.
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