Daytona Beach Area Home Sales Down In November
Single family home sales fell in November across the Daytona Beach area.
For the month ending on November 30, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 354 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $240,000. The sales are 3.5 percent lower than in November 2018, and 16 percent below home sales totals in October. Year to date, only about 12 more homes were sold across the Daytona Beach area than were sold during first 11 months of 2018. Sales volume is up 7 percent year to date, according to MLS reports.
The median sales price was nearly flat in annual comparisons, and it was down 5.5 percent in monthly comparisons, according to MLS reports. Year to date, the median sales price is 5 percent higher than it was during the first 11 months of last year.
- November 2019: 354 sales, $240,000 median sales price.
- November 2018: 367 sales, $239,000 median sales price.
- October 2019: 422 sales, $255,000 median sales price.
- October 2018: 429 sales, $235,095 median sales price.
- Year-To-Date 2019: 4762 sales, $1,377,249,166 sales volume, $242,500 median sales price.
- Year-To-Date 2018: 4754 sales, $1,283,287,272 sales volume, $229,990 median sales price.
“Although Daytona Beach area home sales and prices didn’t climb this year the way they have in recent years, our local real estate market continues to be stable and that’s happy news for this holiday season,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL.
The inventory of available homes dropped another 2 percent in November and remained 7.5 percent below the 2,396 homes available in November last year. Year to date, the inventory of single-family homes listed on the MLS is up by just 1.5 percent over the first 11 months of 2018.
- November 2019 Inventory: 2211 single family home listings were active at some point during the month
- October 2019 Inventory: 2254 single family home listings were active at some point during the month
- Year-To-Date 2019 Inventory: 8192 single family home listings were active at some point during the period.
- Year-To-Date 2018 Inventory: 8065 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. Sales and median sales prices were particularly strong in Ormond Beach. But New Smyrna Beach retained the area’s highest median sales price at $310,000.
- Ormond Beach: 82 sales, $276,250 median sales price.
- Mainland Daytona (Including Holly Hill and South Daytona): 53 sales, $169,900 median sales price.
- Beachside (Ormond By The Sea to Ponce Inlet): 32 sales, $271,200 median sales price.
- Port Orange: 74 sales, $259,200 median sales price.
- New Smyrna Beach: 55 sales, $310,000 median sales price.
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 12/23/19 for the following periods: 11/1/18 to 11/30/18, 11/1/19 to 11/30/19, 10/1/18 to 10/31/18, 10/1/19 to 10/31/19, 1/1/18 to 11/30/18, 1/1/19 to 11/30/19. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 12/23/2019 for the period of 11/1/19 to 11/30/19. 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.