Daytona Beach Area Home Sales Down By 27 Percent
The number of home sales across the Daytona Beach area took a dive in April, as the COVID-19 crisis closed businesses and kept people in their homes.
For the month ending on April 30, 2020, the Daytona Beach Area Multiple Listing Service (MLS) reported that 359 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $250,000. That’s 27 percent lower than the number of homes sold in April 2019, with a nearly 15 percent drop in sales volume. It’s 26 percent lower than sales totals in March.
The median sales price for homes bought and sold in April held steady, running lock step with the median sales price in March and about 8 percent higher than the median price in April 2019.
Year to date, home sales around Daytona Beach are up by a mere handful over the first 4 months of 2019. The median sales price is 6.8 percent higher, reports show.
- April 2020: 359 sales, $116,003,236 sales volume, $250,000 median sales price.
- April 2019: 494 sales, $135,843,056 sales volume, $230,000 median sales price.
- March 2020: 486 sales, $139,294,293 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: 1523 sales, $456,758,817 sales volume, $250,000 median sales price.
- Year-To-Date 2019: 1519 sales $427,919,037 sales volume, $233,990 median sales price.
“The Coronavirus definitely did a number on home sales last month,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL. “But I think we may find the missing home sales from April’s report are just delayed, not lost.”
Inventory levels also fell in April, according to MLS reports. The total number of homes listed was 15 percent lower than the number of homes available in April 2019.
- April 2020 Inventory: 2112 single family home listings were active at some point during the month
- April 2019 Inventory: 2485 single family home listings were active at some point during the month
- March 2020 Inventory: 2295 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 were strongest in Ormond Beach and New Smyrna Beach retained the area’s highest median sales price at $359,000.
- Ormond Beach: 83 sales, $272,000 median sales price.
- Mainland Daytona (Including Holly Hill and South Daytona): 49 sales, $174,000 median sales price.
- Beachside (Ormond By The Sea to Ponce Inlet): 38 sales, $265,000 median sales price.
- Port Orange: 57 sales, $262,000 median sales price.
- New Smyrna Beach: 43 sales, $359,000 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 5/20/20 for the following periods: 4/1/20 to 4/30/20, 4/1/19 to 4/30/19, 3/1/20 to 3/31/20, 3/1/19 to 3/31/19, 1/1/20 to 4/30/20, 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 5/20/20 for the period of 4/1/20 to 4/30/20. 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