Daytona Beach Home Sales - February 2021

Daytona Beach area home sales continued to soar in February.   

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 407 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $275,000. That’s an 11 percent increase in total home sales and a 10 percent increase in the median sales price, compared to February 2020. Total sales volume was up by 35 percent in year-over-year comparisons.

In monthly comparisons, MLS reports show the median home sales price fell slightly from February. But total home sales rose 10.5 percent during that time.   

• February 2021: 407 sales, $140,415,456 sales volume, $275,000 median sales price.
• February 2020:  366 sales $103,807,906 sales volume, $250,000 median sales price.
• January 2021: 368 sales, $125,270,693 sales volume, $282,194 median sales price.
• January 2020:  314 sales $98,197,782 sales volume, $247,995 median sales price.
• Year-To-Date 2021: 775 sales, $265,686,149 sales volume, $280,000 median sales price.
• Year-To-Date 2020: 680 sales $202,005,688 sales volume, $250,000 median sales price. 

“I think February offered a sneak peak of busy spring and summer home sales season ahead,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL. “But that will be tempered by desperately low inventory levels that are continuing to create hurdles and delays for home buyers here.”           

The inventory levels of available homes listed for sale in the Daytona Beach area fell further in February, according to MLS data. The number of available homes in January was 47 percent lower than in February last year, and down another 6.5 percent from January. 

• February 2021 Inventory: 1206 single family home listings were active at some point during the month
• February 2020 Inventory: 2301 single family home listings were active at some point during the month
• January 2021 Inventory: 1292 single family home listings were active at some point during the month 

Wyse Home Team Realty also analyzed data for key areas where home buyers shop. The reports show the median home sale price rose notably in New Smyrna Beach. Home sales were highest in Ormond Beach, where sales grew by 50 percent over January.  

• Ormond Beach: 107 sales, $329,000 median sales price.
• Mainland Daytona (Including Holly Hill and South Daytona): 59 sales, $190,000 median sales price.  
• Beachside (Ormond By The Sea to Ponce Inlet):  63 sales, $279,000 median sales price.
• Port Orange: 77 (up from 71) sales, $300,533 median sales price.
• New Smyrna Beach: 66 sales, $400,000 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 3/15/21  for the following periods: 1/1/20 to 1/31/21, 2/1/21 to 2/28/21, 2/1/20 to 2/28/20, 1/1/20 to 2/28/20, 1/1/21 to 2/28/21. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 3/15/21 for the period of 2/1/21 to 2/28/21. 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.