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Real Estate Market Reports

Keep up with local real estate trends. Find out how homes and condos are selling and whether values are rising or falling here. 

Found 153 blog entries about Real Estate Market Reports.

Home sales were down for the third consecutive month across the Daytona Beach area in March.

For the month ending on March 31, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 435 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $230,500. It’s a 7 percent drop in sales compared to the same month last year and a nearly 2 percent decline in median prices 

Compared to February, sales were up by 52 percent and prices were down by 2 percent.  And year to date, single family home sales are down by more than 9 percent across the Daytona area, while prices are up by 3 percent.

Comparisons to previous months and 2018 Single Family Home Sales figures are below:

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Despite lackluster sales, the median condo sales price rose higher in March. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 108 condo units sold around the Daytona Beach area in March. That’s a more than 18 percent drop in sales, compared to sales around the area in March of 2017 and 2018. Sales volume was down by more than 12 percent, reports show.

Meanwhile, the median condo sales price in March was $239,950, up more than 11 percent over median sales prices last year.

In monthly comparisons, March condo sales matched February sales. And prices rebounded strongly from the $180,000 median condo sales price reported in February.  

“The area enjoyed strong gains in condo sales

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Home sales were down dramatically across the Daytona Beach area in February.

For the month ending on February 28, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 286 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $235,500. It’s a nearly 19 percent drop in sales compared to the same month last year. Meanwhile, year-over-year comparisons showed median sales prices rose by 3 percent.

Compared to January, sales were up by 4 percent and prices were down by a nominal 1 percent.  And year to date, single family home sales are down by more than 12.5 percent across the Daytona area, while prices are up by 5.7 percent.

Comparisons to previous months and 2018 SFR

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After a rough start to the new year, condo sales and prices picked up in February.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 108 condo units sold around the Daytona Beach area in February. That’s a 12.5 percent increase in sales transactions, compared to February 2018, and a 4 percent increase in median sales prices. The overall volume of condo sales was up 6 percent in year over year comparisons.

In monthly comparisons, sales grew nearly 36 percent compared to the paltry 79 units sold in January. Median prices in February were up by a scant 2 percent, compared to the previous month.

 “We’re happy to see condo sales picking up,” said Ron Wysocarski, Broker and CEO of Wyse Home Team

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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
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Daytona Condo Market Stutters as 2019 Begins

As temperatures plummeted across the Daytona Beach area in January, so did condo sales and prices.  

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were just 79 condo units sold around the Daytona Beach area in January. It’s a painful 21 percent decline in sales transactions, compared to January 2018. The overall volume of condo sales was down nearly 14 percent in year over year comparisons.

Median sales prices also fell hard in January. MLS reports show the median condo sales price around the Daytona Beach area in January was $176,000, down 17 percent from the same month last year.

In monthly comparisons, the freefall in sales and median

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Daytona Home Prices Soared Last Year

Median price gains across the greater Daytona Beach area were higher in 2018 than expected.

According to the Daytona Beach Multiple Listing Service (MLS) detached single family home sales sales and median prices were both up last year, compared to 2017. MLS data shows that 5,132 detached single-family homes were sold in the greater Daytona Beach area in 2018, with a median sales price of $229,000. In 2017, single-family home sales totaled 4,937 and median sales prices were $215,000. Overall, there were 8846 real estate transactions recorded by the MLS in 2018, with a $200,000 median sales price.

In total, sales of all property types were up by 3.3 percent in 2018, and sales of existing single-family homes

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Home Sales Down in December

Daytona Beach area home sales slowed in December, as median prices rose only slightly

 For the month ending on December 31, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 396 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $224,900. It amounts to a nearly 8 percent drop in sales compared to the same month last year, and just a meager 1 percent rise in median sales prices. Compared to November, sales were up by 11 percent while median prices fell by 6 percent.

All told, sales in 2018 were up by nearly 4 percent and median sales prices rose by 6.5 percent over 2017 totals.

A look a the numbers

  • December 2018: 396 sales,
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The median sales prices of condos around the greater Daytona Beach remained strong in December as sales fell slightly.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 116 condo units sold around the Daytona Beach area in December. That’s just a handful of sales short of reaching the 123 condo units that sold in December 2017.  Meanwhile, median sales prices rose by just under 3 percent to $228,450, compared to prices in December 2017. In monthly comparisons, the median condo sales price skyrocketed by nearly 23 percent.

All told, median condo sales prices in 2018 were up by 10 percent, a figure many real estate experts predicted for Florida as the year began. As the year ended, total condo

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The real estate market around the greater Daytona Beach area was strong in 2018, as inventory levels improved and highly competitive conditions began to stabilize.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 1555 condo sales across the area from January 1 to December 31. The units sold had a median sales price of $209,000. Compared to 2017, that’s a 3.5 percent increase in sales. And it’s a 10 percent increase in median sales prices, confirming real estate experts’ predictions for Florida as the year began.

“We started the year with cautious optimism as experts predicted Florida would continue to see the strong median price gains for another year, said Ron Wysocarski, Broker and CEO

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