Daytona Beach Area Home Sales Rose In February

Home sales were strong in February across the greater Daytona Beach area.

For the month ending on February 29, 2020, the Daytona Beach Multiple Listing Service (MLS) reported that 362 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $250,000. That’s 22 percent higher than the number of homes sold in February 2019 and 23 percent more sales volume. The home sales also were up over strong sales totals in January.

The median sales price of single family homes sold across the Daytona Beach area also rose, to $250,000. That’s 5.5 percent higher than the previous year, and 1.5 percent higher than in January.

Year to date, home sales around Daytona Beach are up by more than 16.5 percent over the first 2 months of 2019. The median sales price is 5 percent higher, reports show.

• February 2020: 362 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.
• January 2020: 314 sales, $98,387,617 sales volume, $245,495 median sales price.
• January 2019: 283 sales, $84,389,858 sales volume, $238,000 median sales price.
• Year-To-Date 2020: 676 sales, $200,882,023 sales volume, $250,000 median sales price.
• Year-To-Date 2019: 579 sales, $167,708,633 sales volume, $237,500 median sales price.

“Having two months of strong sales was a nice start to the year,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL. “That’s hundreds of home buyers and home sellers reaching their goals.”  

Inventory levels improved slightly in February, according to MLS reports. But the total number of homes listed remained 8.7 percent lower than the number of homes available in February 2019. 

• February 2020 Inventory: 2299 single family home listings were active at some point during the month
• February 2019 Inventory: 2520 single family home listings were active at some point during the month
• January 2020 Inventory: 2234 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 New Smyrna Beach retained the area’s highest median sales price at $333,000.

• Ormond Beach: 68 sales, $262,250 median sales price.
• Mainland Daytona (Including Holly Hill and South Daytona): 64 sales, $179,000 median sales price.  
• Beachside (Ormond By The Sea to Ponce Inlet):  35 sales, $276,820 median sales price.
• Port Orange: 68 sales, $277,000 median sales price.
• New Smyrna Beach: 53 sales, $333,000 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 3/20/20 for the following periods: 2/1/20 to 2/29/20, 2/1/19 to 2/28/19, 1/1/20 to 1/31/20, 1/1/19 to 1/31/19, 1/1/20 to 2/29/20, 1/1/19 to 2/28/19. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 3/20/20 for the period of 2/1/20 to 2/29/20. 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.