After a slow first quarter of the year, single family home sales around Daytona Beach picked up slightly in April.
For the month ending on April 30, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 483 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $230,000. It’s a 4 percent rise in sales compared to the same month last year and just shy of a 1 percent increase in median sales prices.
Compared to March, sales were up by 11 percent and median prices remained stable. Year to date, single family home sales are down by more than 4 percent across the Daytona area, while prices are up by just over 2 percent.
- April 2019: 483 sales, $230,000 median sales price.
- April 2018: 463 sales, $227,900 median sales price.
- March 2019: 435 sales, $230,500 median sales price.
- March 2018: 465 sales, $234,995 median sales price.
- Year-To-Date 2019: 1499 sales, $232,990 median sales price.
- Year-To-Date 2018: 1575 sales, $227,800 median sales price.
“We were happy to see sales pick up a little bit in April after a rocky start to the year,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL.
Inventory levels fell in April, leaving buyers with 113 fewer homes on the market to choose from than were available during March. Despite the drop, inventory levels remained 3 percent higher in April than it was in 2018. And year to date, inventory levels are up by 5 percent, according to MLS data.
- April 2019 Inventory: 2458 single family home listings were active at some point during the month.
- Year-To-Date 2019 Inventory: 4419 single family home listings were active at some point during the period.
- Year-To-Date 2018 Inventory: 4204 single family home listings were active at some point during the period.
Wyse Home Team Realty also analyzed data for key areas where homebuyers shop. Ormond Beach again showed the strongest sales totals in April. Mainland Daytona Beach saw the strongest sales gains, with totals up to 95 from just 57 in March. And New Smyrna Beach held its title for highest median sales price in April.
- Ormond Beach: 121 (was 102) sales, $280,000 median sales price
- Mainland Daytona (Including Holly Hill and South Daytona): 95 sales, $152,000 median sales price
- Beachside (Ormond By The Sea to Ponce Inlet): 62 sales, $265,966 median sales price.
- Port Orange: 90 sales, $250,000 median sales price
- New Smyrna Beach: 52 sales with a $389,000 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 5/16/19 for the following periods: 3/1/18 to 3/31/18, 3/1/19 to 3/31/19, 4/1/18 to 4/30/18, 4/1/19 to 4/30/19, 1/1/18 to 4/30/18, 1/1/19 to 4/30/19. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 5/16/19 for the period of 4/1/19 to 4/30/19. Learn more about Wyse Home Team Realty by visiting www.RonSellsTheBeach.com. Specific data research requests and custom comparisons 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.