Florida Life Market Report
New Smyrna Beach, FL
Single-Family Homes
Tim & Sarah Caudill - www.floridaliferealestate.com
New Smyrna Beach, FL
Sun Oct 25 2020
This week the median list price for New Smyrna Beach, FL is $464,950 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has held steady at or around 232.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $464,950 | |
| Per Square Foot | $222 | |
| Days on Market | 122 | |
| Price Decreased | 22% | |
| Price Increased | 11% | |
| Relisted | 16% | |
| Inventory | 232 | |
| Median Rent | $2,300 | |
| Most Expensive | $3,590,000 | |
| Least Expensive | $85,500 | |
| Market Action | 37 | |
| Slight Seller's Advantage | ||
Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,125,000 | 2,819 | 0.25 - 0.5 acre | 4 | 3 | 31 | 4 | 4 | 154 |
| $595,000 | 2,380 | 0.25 - 0.5 acre | 3 | 3 | 26 | 10 | 4 | 102 |
| $389,936 | 1,807 | 8,000 - 10,000 sqft | 3 | 2 | 35 | 7 | 3 | 109 |
| $259,995 | 1,605 | 4,500 - 6,500 sqft | 3 | 2 | 1 | 10 | 7 | 122 |