New Home Construction In Deltona Sees Little Change From The First Half Of 2017 to the First Half Of 2018
New Home Permits Issued
According to data from the City of Deltona’s Construction Services Division, Deltona’s new construction permits issued from January 2018 through June 2018 were down only slightly from one year previously. In the first half of 2017, 85 permits were issued for new single family residences this is one more than were issued for the first half of 2018.
Of the permits 85 permits issued in 2017, 33 were for either Lake Baton Estates or Arbor Ridge, both DR Horton communities that were completed in 2017. The 84 permits issued in for the first half of 2018 were to build homes on spot lots throughout the city of Deltona as there were no major developments under construction during that time.
New Home Valuation
The total valuation of permits for new single family homes also fell from $23,442,123.19 in 2017 to only $21,296,496.90 in 2018. This dropped the average valuation from $275,790 in 2017 to $253,530 in 2018. This is equal to an 8% decrease in the average valuation per permit.
New Home Sales
According to MFRMLS statistics from the first half of 2017 and 2018, 18 homes sold in the first half of 2017 and 35 homes sold in 2018. That equates to a 94% increase in the number of homes sold year over year.
The average sales price however saw a 3% decrease from an average sales price of $217,674 in 2017 to $211,162 in 2018. On September 8, 2018 there were 11 new construction homes listed for sale on MFRMLS in Deltona and 9 were pending or under contract.