2020 Ends With Strong Home Sales
The holiday season brought with it a notable rise in home sales across the Daytona Beach area.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 558 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $280,000. That’s a 26 percent increase in sales over November and up 17 percent from December 2019.
The median home sales price also was up in both monthly and annual comparisons, MLS reports show. The median sales price rose more than 3.5 percent from November and was up 16 percent compared to last year.
Overall, single family home sales were up by 6 percent in 2020. The median home sales price for the year landed 9 percent higher than in 2019.
- December 2020: 558 sales, $189,671,701 sales volume, $280,000 median sales price.
- December 2019: 477 sales $134,751,794 sales volume, $240,000 median sales price.
- November 2020: 440 sales, $150,502,270 sales volume, $270,128 median sales price.
- November 2019: 363 sales, $100,871,432 sales volume, $242,500 median sales price.
- Year-To-Date 2020: 5573 sales, $1,771,539,218 sales volume, $264,900 median sales price.
- Year-To-Date 2019: 5257 sales $1,520,889,145 sales volume, $242,500 median sales price.
“The Daytona Beach real estate market fared very well in 2020, in spite of the many economic and social uncertainties,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL.
The Daytona Beach area’s already dire inventory levels of available homes fell further in December, according to MLS data. The number of available homes in December was 9 percent lower than in November and 38 percent below the number of homes available during December 2019. All told, the 2020 inventory was 10 percent below inventory levels in 2019.
- December 2020 Inventory: 1291 single family home listings were active at some point during the month
- December 2019 Inventory: 2103 single family home listings were active at some point during the month
- November 2020 Inventory: 1421 single family home listings were active at some point during the month
- 2020 Inventory: 8231 listings were made active during the year.
- 2019 Inventory: 9178 listings were made active during the year.
Wyse Home Team Realty also analyzed data for key areas where home buyers shop. The reports show sales spiked in Port Orange and median sales prices rose notably on the beachside during December. New Smyrna Beach remained home to the highest median sales price.
- Ormond Beach: 148 sales, $339,500 median sales price.
- Mainland Daytona (Including Holly Hill and South Daytona): 69 sales, $227,500 median sales price.
- Beachside (Ormond By The Sea to Ponce Inlet): 57 sales, $350,000 median sales price.
- Port Orange: 111 sales, $278,500 median sales price.
- New Smyrna Beach: 61 sales, $475,000 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 1/19/21 for the following periods: 11/1/20 to 11/30/20, 11/1/19 to 11/30/19, 12/1/19 to 12/31/19, 12/1/20 to 12/31/20, 1/1/20 to 12/31/20, 1/1/19 to 12/31/19. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 1/19/21 for the period of 12/1/20 to 12/31/20. 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.