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Daytona Area Home Prices Rose In January

Posted by Ron Wysocarski on Tuesday, February 26th, 2019 at 10:36am.

The median sales price of single family homes in the Daytona Beach area rose nicely in January after some stagnation of prices in December.

For the month ending on January 31, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 275 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $238,000. It’s a more than a 6 percent drop in sales compared to the same month last year. And while year-over-year comparisons showed median sales prices remained flat in December, the turn of a new year brought with it a 10 percent increase in median sales prices.

Comparisons to previous months and 2018 SFR sales figures are below:

  • January 2019: 275 sales, $238,000 median sales price.
  • January 2018: 294 sales, $215,000 median sales price.
  • December 2018: 396 sales, $224,900 median sales price.
  • December 2017: 430 sales, $221,995 median sales price.

“Home sales in January were a little slower than we’d like,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL. “But the drop wasn’t worrisome and it’s good to see median prices were up.”           

Inventory levels picked up notably in January, with 2468 single family homes listed in the MLS at some point during the month. It’s trend that’s typical for the area as local families put the hectic holiday season behind them and begin to focus on new goals in their lives and real estate for the year ahead, Wysocarski said.   

The detailed statistics are as follows:

  • January 2019: 2468 single family home listings were active at some point during the month.
  • January 2018: 2249 single family home listings were active at some point during the month.
  • December 2018: 2271 single family home listings were active at some point during the month.
  • December 2017: 2073 single family home listings were active at some point during the month.

Wyse Home Team Realty also analyzed data for key areas where homebuyers shop. Annual comparisons show some areas have seen a significant increase in median sales prices since this time last year. For example, the median sales price of beachside homes is up by more than 30 percent to $340,000 from just $259,900 in January 2018, MLS data shows.

January 2019 single family home sales data by area:

  • Ormond Beach: 62 sales, $287,000 median sales price
  • Mainland Daytona (Including Holly Hill and South Daytona): 42 sales, $152,500 median sales price  
  • Beachside (Ormond By The Sea to Ponce Inlet):  31 sales, $340,000 median sales price.
  • Port Orange: 51 sales, $249,999 median sales price
  • New Smyrna Beach: 33 sales with a $317,000 median sales price.

 

About The Wyse Report and Wyse Home Team Realty:

The Wyse Report is a periodic report analyzing real estate sales, prices and trends in the greater Daytona Beach area. Statistical information provided is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 2/21/19  for the following periods: 12/1/17 to 12/31/17, 12/1/18 to 12/31/18, 1/1/18 to1/31/18, 1/1/19 to 1/31/19. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 2/21/19 for the period of 1/1/19 to 1/31/19. Learn more about Wyse Home Team Realty by visiting www.RonSellsTheBeach.com. Specific data research requests, including custom comparisons (date vs. date, city vs. city), are available to the media, upon request. If you have questions or requests, please contact Wyse Home Team Realty’s Broker and CEO, Ron Wysocarski at 386-562-2651.  

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