Daytona Beach Saw Solid Increase In Single-Family Home Sales In February

Daytona Beach, FL - The Daytona Beach area real estate market experienced a solid increase in single-family homes in February.

For the month ending on February 28, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 333 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $200,000.

There was a 16.4% increase in sales and a 10% increase in prices, year over year. Month over month comparisons showed prices remained strong in sales totals.

Comparisons to previous months and 2016 SFR sales figures are as follows:

• February 2017: 333 sales, $200,000 median sales price.
• February 2016: 286 sales, $180,000 median sales price.
• January 2017: 297 sales, $200,000 median sales price.
• January 2016: 312 sales, $179,500 median sales price.
• YTD 2017: 638 sales, $200,000 median sales price.
• YTD 2016: 598 sales, $180,000 median sales price.

"The numbers are strong now, as we move closer to the spring home sales," said Daytona Beach Area Realtor Ron Wysocarski, leader of The Wyse Home Team at Keller-Williams Realty, Port Orange, FL. "These market conditions make it a great time for anyone to sell and get top dollar. And the current conditions are highly favorable for certain sellers, such as those planning to downsize from a home to a condo, and buyers planning to up-size from low and mid-priced homes into larger or luxury homes."

According to the MLS data, buyers shopping for a detached single-family home in February searched in a market with 8.3% fewer available homes than buyers a year ago were able to consider.

In total, 1734 single-family homes were listed for sale in February. That's 159 fewer homes than the 1893 listed during the same period in 2016.

• Feb. 2017: 1734 single family home listings were active at some point during the month.
• Feb. 2016: 1893 single family home listings were active at some point during the month.
• 2017 YTD: 1835 single family home listings have been active so far this year.
• 2016 YTD: 1988 single family homes were listed by this time last year.

Copyright Southern Stone Communications 2017.