Debary is located in Volusia County, North East of Orlando on the way to Daytona. It’s across the Lake Monroe Bridge and about a 45 minute drive to Orlando. Debary offers the Debary Country Club development and superior river-front developments, such as Rivera Bella or St. Johns River Estates. There are even developments that host large lots and acreage as part of the Orlando MLS.
The Debary Real Estate Market is challenged with lots of inventory and 20 months of unsold inventory based on the October sales volume, with sales actually declining over the prior month.
Currently there are 325 properties for sale in Debary, 10 less when compared to September. 62 are in pending status waiting to be closed for sale, which represents 19% of the total inventory and is less compared to other areas of greater Orlando. Of all the listings available for sales 285 are single family homes and 40 are condos or town homes which is the same compared to last month. The average day on the market is 206 days.
The highest priced property for sale is 112 FORT FLORIDA RD, DEBARY, Fl. 32713 located in the OLIVE BLUFF subdivision and it is listed for $899,000. It is located on the shores of beautiful St. Johns River.
13 properties sold during September, and all were single family homes with the average sale price of $227,343 which was a 27% increase in price over the same month of the prior year. The average days on the market for September was 175 days. Sales stayed flat with 16 sales compared to the same month of the prior year. With 20 months of unsold inventory remaining, this area of the greater Orlando market remains to be challenged for many years. Prices will continue to be depressed as the bank-owned and pre-foreclosure properties are driving the market.
As of the end of September, there are 29 bank-owned properties for sale in Debary, an increase of 9 properties. The highest priced home is 336 Hammock Oak DEBARY, Fl. 32713, and it is listed for $595,000; located in the Debary Plantation subdivision. There are 108 short sales single family homes and or condos, which is a 10 unit increase. The highest priced short sale is 200 Glen Abbey Lane Debary, Fl. 32713, listed at $595,000 and is it located in the Glen Abbey subdivision.
Over 42 % of the inventory in Debary is in distress.
Orlando Real Estate – Click here to access the Debary MLS
The subdivisions with the highest sales were as follows:
3 DEBARY PLANTATION
3 PLANTATION ESTATES
2 RIVIERA BELLA ESTATES
1 DEBARY WOOD
1 GLEN ABBEY
1 MILLERS ACRES
1 PARKVIEW
1 ST JOHNS RIVER ESTATES
1 TERRA ALTA SUB
1 TERRACE HILL PATIO HOMES CONDO
1 WOODBOUND LAKES
If you are looking to buy in Volusia County or if you are in foreclosure and want help to stop a foreclosure and need to do a short sale go to foreclosure and if you want to buy a foreclosure, where you will find MLS access.
