Daytona Beach Condo Sales Bounced Back In June

Condo sales bounced back across the greater Daytona Beach in June.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 169 condo units sold around the Daytona Beach area in June with a median sales price of $225,000. That’s 9 sales more than the area’s condo sales in June 2019 and more than double the number of condo sales in May. Overall sales volume in June was 15 percent higher than last year’s sales volume and double the condo sales volume in May.

The median condo sales price in June was also up substantially, according to MLS reports. At $275,000, the median condo sales price was nearly 29 percent higher than the same month last year and 12.5 percent higher than in May.

Year to date, condo sales are down 10 percent from the first half of 2019 and the median sales price is up by 6 percent.

“This is the bounce back in the market that we’ve been waiting for,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange.

Daytona Beach MLS data for Condo and Condotel Sales combined:

• June 2020: 169 condo/condotels sold with a median sales price of $225,000.
• June 2019: 160 condo/condotels sold with a median sales price of $175,100.
• May 2020: 79 condo/condotels sold with a median sales price of $200,000.
• May 2019: 153 condo/condotels sold with a median sales price of $205,000.
• April 2020: 87 condo/condotels sold with a median sales price of $168,000.
• Total Volume Sold in June 2020: $40,632,403
• Total Volume Sold in June 2019: $35,148,497
• Total Volume Sold in May 2020: $20,246,672
• Year To Date 2020: 699 condo/condotels sold with a median sales price of $212,500.
• Year To Date 2019: 778 condo/condotels sold with a median sales price of $200,000.

“We weren’t sure how well the market would bounce back after the months of closures and uncertainties that the Coronavirus brought,” Wysocarski said. “But strong condo sales and the particularly robust vacation condo sales during June are definitely a hopeful sign for our Daytona’s condo market.”

June Daytona Beach MLS data for Condos and Condotels separated:

• 136 condos sold with a median price of $277,450. 
• 33 condotels sold with a median price of $55,000.

The June 2020 highlights of luxury condo sales in the Daytona Beach area include:

• A $695,000 condo sale at Flores Del Rio Condos, New Smyrna Beach,  on 6/9.
• A $630,000 condo sale at Ocean Shore Condos, Ormond Beach on 6/11.
• A $625,000 condo sale at Tuscany Shores Condos, Daytona Beach Shores on 6/17.

Ron Wysocarski is the Broker and CEO of Wyse Home Team Realty in Port Orange, FL. For more information regarding Ron Wysocarski, contact him at 386-562-2651, or visit RonSellsBeachCondos.com. Additional information is available to the media upon request.  Statistical information in this release is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 7/8/2020 for the following periods: 4/1/20 to 4/30/20, 5/1/19 to 5/31/19, 5/1/20 to 5/31/20, 6/1/19 to 6/30/19, 6/1/20 to 6/30/20, 1/1/20 to 6/30/20, 1/1/19 to 6/30/19.