Daytona's Median Home Sales Price Skyrocketed In March
Daytona Beach area home prices sky.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 519 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $310,000. That’s a 6 percent increase in total home sales and a 24 percent increase in the median sales price, compared to March 2020. Total sales volume was up by 38 percent in year-over-year comparisons.
In monthly comparisons, MLS reports show the median home sales price rose nearly 13 percent over February and home sales rose 26.5 percent during that time.
- March 2021: 519 sales, $193,280,398 sales volume, $310,000 median sales price.
- March 2020: 488 sales $139,698,293 sales volume, $250,000 median sales price.
- February 2021: 410 sales, $141,072,756 sales volume, $275,000 median sales price.
- February 2020: 366 sales $103,807,906 sales volume, $250,000 median sales price.
- Year-To-Date 2021: 1298 sales, $459,942,847 sales volume, $290,000 median sales price.
- Year-To-Date 2020: 1168 sales $341,703,981 sales volume, $250,000 median sales price.
“As we suspected, demand for homes across the Daytona Beach area continues to surge,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL. “Buyers continue to deal with low inventory levels affecting the home buying process.”
The inventory levels of available homes listed for sale in the Daytona Beach area fell another 3.5 percent from February to March, according to MLS data. And the number of available homes in March was 49 percent lower than it was in March last year.
- March 2021 Inventory: 1170 single family home listings were active at some point during the month
- March 2020 Inventory: 2316 single family home listings were active at some point during the month
- February 2021 Inventory: 1213 single family home listings were active at some point during the month
- Year-To-Date 2021 Inventory: 2333 single family home listings were active at some point during the period.
- Year-To-Date 2020 Inventory: 3585 single family home listings were active at some point during the period.
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 Daytona’s Beachside areas. Home sales were highest in Ormond Beach, where 139 homes were sold in March
- Ormond Beach: 139 sales, $343,000 median sales price.
- Mainland Daytona (Including Holly Hill and South Daytona): 76 sales, $239,250 median sales price.
- Beachside (Ormond By The Sea to Ponce Inlet): 80 sales, $348,250 median sales price.
- Port Orange: 97 sales, $315,000 median sales price.
- New Smyrna Beach: 99 sales, $377,500 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 4/23/21 for the following periods: 3/1/20 to 3/31/20, : 3/1/21 to 3/31/21, 1/1/20 to 3/31/20, 1/1/21 to 3/31/21, 2/1/21 to 2/28/21, 2/1/20 to 2/28/20. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 4/23/21 for the period of 3/1/21 to 3/31/21. 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.