Daytona Beach Home Sales Rose In September

Despite the continued drop in inventory levels Daytona Beach home sales remained notably high in September.

For the month ending on September 30, 2020, the Daytona Beach Area Multiple Listing Service (MLS) reported that 514 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $276,000. That’s just a few sales shy of the number of homes sold in August, but an 18 percent increase over September 2019.

With the inventory of available homes for sale still running desperately low, the median price for homes bought and sold in September also was up, MLS reports show. The median sales price was near level with August, and it was 11 percent higher than in September 2019.

Year to date, home sales are up nearly 1.5 percent, compared to the first nine months of 2019. Meanwhile, the median sales price for the same period was up 7.7 percent over last year.

• September 2020: 514 sales, $172,182,663 sales volume, $276,000 median sales price.
• September 2019: 434 sales, $130,225,909 sales volume, $248,677 median sales price.
• August 2020: 517 sales, $168,366,127sales volume, $270,000 median sales price.
• August 2019: 478 sales, $139,066,417 sales volume, $246,700 median sales price.
• Year-To-Date 2020: 4051 sales, $1,255,785,914sales volume, $259,900 median sales price.
• Year-To-Date 2019: 3992 sales $1,164,904,819 sales volume, $241,250 median sales price.

“Home sales typically fall slightly in September, but pent up buyer demand created by COVID closures and low inventory levels kept the market moving last month,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL.     

The area’s already low inventory levels fell further in September, according to MLS reports. The total number of homes listed was 30 percent lower than the number of homes available in September 2019.

• September 2020 Inventory: 1561 single family home listings were active at some point during the month
• September 2019 Inventory: 2239 single family home listings were active at some point during the month
• August 2020 Inventory: 1651 single family home listings were active at some point during the month
• Year-To-Date 2020 Inventory: 6767 home listings have been made active during the first 9 months of this year.
• Year-To-Date 2019 Inventory: 7580 home listings were made active during the first 9 months of last year.

Wyse Home Team Realty also analyzed data for key areas where homebuyers shop. The median sales price rose 11 percent for homes on the beachside but was highest in New Smyrna Beach. Ormond Beach was home to the most sales.

• Ormond Beach: 145 sales, $310,000 median sales price.
• Mainland Daytona (Including Holly Hill and South Daytona): 75 sales, $199,900 median sales price.  
• Beachside (Ormond By The Sea to Ponce Inlet):  61 sales, $301,800 median sales price.
• Port Orange: 93 sales, $310,000 median sales price.
• New Smyrna Beach: 74 sales, $340,000 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 10/22/20  for the following periods: 9/1/20 to 9/30/20, 9/1/19 to 9/30/19, 8/1/19 to 8/31/19, 8/1/20 to 8/31/20, 1/1/20 to 9/30/20, 1/1/19 to 9/30/19. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 10/22/20 for the period of 9/1/20 to 9/30/20. 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.