Daytona Area Home Sales Rose In March
Home sales were soaring around the Daytona Beach area in March as world health officials announced a deadly pandemic was spreading across the globe.
For the month ending on March 31, 2020, the Daytona Beach Multiple Listing Service (MLS) reported that 484 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $250,000. That’s 8 percent higher than the number of homes sold in March 2019 and 11 percent more sales volume. The home sales also were up notably over sales totals in February.
The median sales price of single family homes sold across the Daytona Beach area also rose, MLS reports showed. That’s 7.8 percent higher than the previous year, and level with the median sales price in February.
Year to date, home sales around Daytona Beach are up by more than 13 percent over the first 3 months of 2019. The median sales price is 6 percent higher, reports show.
- March 2020: 484 sales, $138,743,393 sales volume, $250,000 median sales price.
- March 2019: 446 sales, $124,367,348 sales volume, $231,745 median sales price.
- February 2020: 363 sales, $102,494,406 sales volume, $250,000 median sales price.
- February 2019: 296 sales, $83,318,775 sales volume, $236,750 median sales price.
- Year-To-Date 2020: 1160 sales, $339,612,416 sales volume, $250,000 median sales price.
- Year-To-Date 2019: 1025 sales, $292,075,981 sales volume, $235,000 median sales price.
“Although a few closings were cancelled due to COVID-19, 484 home sales were successfully completed and that’s a remarkable thing,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL. “Those transactions paved the way for many families to now be staying safe in their homes, waiting for the coronavirus cases to abate.”
Inventory levels remained nearly level in March, according to MLS reports. But the total number of homes listed remained 11.5 percent lower than the number of homes available in March 2019.
- March 2020 Inventory: 2295 single family home listings were active at some point during the month
- March 2019 Inventory: 2599 single family home listings were active at some point during the month
- February 2020 Inventory: 2300 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. Sales and median sales prices competitive between Ormond Beach and Port Orange, while the beachside area had a nice bump in median sales price and New Smyrna Beach retained the area’s highest median sales price at $326,500.
- Ormond Beach: 96 sales, $277,695 median sales price.
- Mainland Daytona (Including Holly Hill and South Daytona): 71 sales, $176,500 median sales price.
- Beachside (Ormond By The Sea to Ponce Inlet): 56 sales, $301,200 median sales price.
- Port Orange: 90 sales, $263,000 median sales price.
- New Smyrna Beach: 70 sales, $326,500 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 4/21/20 for the following periods: 2/1/20 to 2/29/20, 2/1/19 to 2/28/19, 3/1/20 to 3/31/20, 3/1/19 to 3/31/19, 1/1/20 to 3/31/20, 1/1/19 to 3/31/19. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 4/21/20 for the period of 3/1/20 to 3/31/20. 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.