Daytona Beach median home sales price skyrocketed In March

Ormond Beach Observer
Business

by: Heather Scofield

Marketing Director, Wyse Home Team Realty

An analysis of Daytona Beach Multiple Listing Service 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% increase in total home sales and a 24% increase in the median sales price, compared to March 2020. Total sales volume was up by 38% in year-over-year comparisons.

In monthly comparisons, MLS reports show the median home sales price rose nearly 13% over February and home sales rose 26.5% 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 real estate agent Ron Wysocarski, broker and CEO of Wyse Home Team Realty in Port Orange. “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% from February to March, according to MLS data. And the number of available homes in March was 49% 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.