Daytona Beach Home Sales - January 2021

vacant homeDaytona Beach area home sales and prices rose again in January. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 368 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $282,194. That’s a 17 percent increase in total home sales and a 14 percent increase in the median sales price, compared to January 2020. Total sales volume also was up in year-over-year comparisons, by 27.5 percent.

In monthly comparisons, the median home sales price in January was up slightly from December. But total home sales were down 34 percent from December, a typical trend for the month of January each year in Daytona Beach. 

    • January 2021: 368 sales, $125,273,693 sales volume, $282,194 median sales price.
    • January 2020:  314 sales $98,197,782 sales volume, $247,995 median sales price.
    • December 2020: 560 sales, $190,364,676 sales volume, $280,000 median sales price.
    • December 2019: 477 sales $134,751,794 sales volume, $240,000 median sales price. 

“Our area is still experiencing extremely low inventory levels and a competitive seller’s market,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL. “Buyer demand for homes in the Daytona Beach area is strong and bidding wars are quite common right now.”           

The inventory levels of available homes listed for sale in the Daytona Beach area fell further in January, according to MLS data. The number of available homes in January was 42 percent lower than in January last year, and down another percentage point from December. 

    • January 2021 Inventory: 1289 single family home listings were active at some point during the month
    • January 2020 Inventory: 2238 single family home listings were active at some point during the month
    • December 2020 Inventory: 1303 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 on the beachside during January for the second consecutive month, propelled by strong sales of high luxury single family homes on the peninsula.  

    • Ormond Beach: 71 sales, $340,000 median sales price.
    • Mainland Daytona (Including Holly Hill and South Daytona): 55 sales, $240,000 median sales price.  
    • Beachside (Ormond By The Sea to Ponce Inlet):  42 sales, $390,500 median sales price.
    • Port Orange: 71 sales, $285,500 median sales price.
    • New Smyrna Beach: 53 sales, $360,000 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 2/25/21  for the following periods: 1/1/20 to 1/31/20, 1/1/20 to 1/31/21, 12/1/19 to 12/31/19, 12/1/20 to 12/31/20, New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 2/25/21 for the period of 1/1/20 to 1/31/20. 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.    

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