- April 24, 2024
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by: Heather Scofield
Marketing Director, Wyse Home Team Realty
Another month of strong upward movement in the Daytona Beach condo market brought soaring sales and median condo sales prices.
An analysis of Daytona Beach Multiple Listing Service data by Wyse Home Team Realty showed that 179 condo units were sold around the Daytona Beach area in February with a median sales price of $275,000. That’s a nearly 30% increase in condo sales over the both the previous month and last year. Sales volume was up 51% during February, compared to the same month last year.
The median condo sales price also was up markedly in annual comparisons, by more than 35%. And the median sales price rose by 6% from January. This, as inventory of available condos dropped further from the already rock bottom levels in January. In February, there were 629 condo units active at some point during the month. That’s down 6.5% from 673 units active in January and it’s roughly 36% lower than the 982 available condo units in the Daytona Beach MLS during February 2020.
“The beach dream is alive and well in Daytona Beach, and these numbers are proof,” said Ron Wysocarski, broker and CEO of Wyse Home Team Realty in Port Orange. “We’re looking forward to a busy year for the Daytona Beach condo market.”
Daytona Beach MLS data for Condo and Condotel Sales combined:
“Vacation condo sales have been strong,” Wysocarski said. “In fact, last month’s condotel sales were up another 20 percent from January.”
February Daytona Beach MLS data for Condos and Condotels separated:
The February 2020 highlights of luxury condo sales in the Daytona Beach area include:
