Daytona Beach Home Sales Rose 13 Percent
Daytona Beach home sales rebounded further in July, as inventory levels plummeted.
For the month ending on July 31, 2020, the Daytona Beach Area Multiple Listing Service (MLS) reported that 598 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $269,195. That’s 13 percent higher than the number of homes sold in July 2019, and it’s a 12 percent higher than in June.
The median sales price for homes bought and sold in July was also up in both monthly and annual comparisons, MLS reports show. The median sales price rose 11 percent compared to July 2019 and it’s up 3.5 percent from June.
Year to date, single family home sales remain down 2.2 percent in July, compared to the first seven months of 2019. The median sales price for that period was up 6.2 percent over last year, reports show.
- July 2020: 598 sales, $194,387,658 sales volume, $269,195 median sales price.
- July 2019: 526 sales, $157,576,463 sales volume, $242,000 median sales price.
- June 2020: 531 sales, $162,839,029 sales volume, $260,000 median sales price.
- June 2019: 483 sales, $146,748,120 sales volume, $255,200 median sales price.
- May 2020: 353 sales, $100,900,970 sales volume, $241,990 median sales price.
- Year-To-Date 2020: 3011 sales, $912,772,814 sales volume, $255,000 median sales price.
- Year-To-Date 2019: 3080 sales $895,612,493 sales volume, $240,000 median sales price.
“Inventory continued to fall in July amid intense buyer demand,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL. “It definitely pushed prices up and kept the market conditions working in sellers’ favor.”
The area’s already low inventory levels continued to plummet in July, according to MLS reports. The total number of homes listed was nearly 26 percent lower than the number of homes available in July 2019.
- July 2020 Inventory: 1822 single family home listings were active at some point during the month
- July 2019 Inventory: 2460 single family home listings were active at some point during the month
- June 2020 Inventory: 1999 single family home listings were active at some point during the month
- Year-To-Date Inventory: 5675 home listings have been made active during the first 7 months of this year
Wyse Home Team Realty also analyzed data for key areas where homebuyers shop. Sales were strongest in Ormond Beach. New Smyrna Beach was home to the area’s highest median sales price at $340,900.
- Ormond Beach: 170 sales, $302,500 median sales price.
- Mainland Daytona (Including Holly Hill and South Daytona): 78 sales, $174,000 median sales price.
- Beachside (Ormond By The Sea to Ponce Inlet): 87 sales, $295,000 median sales price.
- Port Orange: 93 sales, $265,000 median sales price.
- New Smyrna Beach: 89 sales, $349,000 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 8/20/20 for the following periods: 6/1/20 to 6/30/20, 6/1/19 to 6/30/19, 5/1/20 to 5/31/20, 7/1/20 to 7/31/20, 7/1/19 to 7/31/191/1/20 to 7/31/20, 1/1/19 to 7/31/19. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 8/20/20 for the period of 7/1/20 to 7/31/20. 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.