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Ormond Beach Observer Friday, Jul. 9, 2021 2 months ago

Strong condo sales and prices in June, in Daytona Beach area

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Year to date, condo sales are up 72% and the median condo sales price rose 22 percent over the first half of 2020.
by: Guest Writer

by: Heather Scofield 

Marketing Director, Wyse Home Team Realty

Condo sales remained strong in June across the Daytona Beach area.

An analysis of Daytona Beach Multiple Listing Service data by Wyse Home Team Realty showed that 198 condo units were sold around the Daytona Beach area in April with a median sales price of $257,450. It’s a few units less than the number of condos sold in May and up 17% from June 2020. Sales volume in June was up by more than $15 million from last year. And MLS reports show the median condo sales price in June was 14% higher than the median price in 2020. 

“As anticipated, condo sales and prices remained steady during June,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange. “And while Daytona Beach condo market conditions have been very strong, it remains to be seen if the recent collapse of a south Florida condo building will impact condo sales locally  during July.”

The inventory of available condos fell further in June, resulting in just 448 condo units made active at some point during the month. That’s down from 460 units active in May and it’s 55% lower than the 1,014 available condo units in the Daytona Beach MLS during June 2020.

Year to date, condo sales are up 72% and the median condo sales price rose 22% over the first half of 2020.

Daytona Beach MLS data for Condo and Condotel Sales combined:

  • June 2021: 198 condo/condotels sold with a median sales price of $257,450.
  • June 2020: 169 condo/condotels sold with a median sales price of $225,000.
  • May 2021: 201 condo/condotels sold with a median sales price of $235,000.
  • May 2020: 81 condo/condotels sold with a median sales price of $200,000.
  • Total Volume Sold in June 2021: $55,509,128.
  • Total Volume Sold in June 2020: $40,632,403.
  • Total Volume Sold in May 2021: $56,615,645.
  • Year To Date 2021: 1205 condo/condotels sold with a median sales price of $259,900.
  • Year To Date 2020: 700 condo/condotels sold with a median sales price of $212,250.

“We saw another uptick in sales during June at Daytona’s resort-style condotel buildings,” Wysocarski said. “The area continues to be an attractive spot for affordable vacation investments.”

June 2021 Daytona Beach MLS data for Condos and Condotels separated:

  • 163 condos sold with a median price of $295,000. 
  • 35 condotels sold with a median price of $99,900.

June 2021 highlights of luxury condo sales in the Daytona Beach area include:

  • A $1,050,000 condo sale at Minorca Condos, New Smyrna Beach on 6/21.
  • A $1,025,000 condo sale at Aliki Forum Condos, Daytona Beach on 6/8.
  • A $940,000 condo sale at Malibu Condos, New Smyrna Beach on 6/2.

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