Daytona Home Sales Drop Nearly 19% In February

By on March 25, 2019 in WNDB News

Daytona Beach, FL – It’s a bit of a gut punch to local realtors.

Home sales throughout the Daytona Beach area dropped nearly 19% in February, according to the area’s Multiple Listing Service.

286 single-family detached residences changed hands last month for a median price of $235,500, per the report. That’s 67 fewer homes than in February 2018.

One positive, according to Wyse Home Team Realty owner Ron Wysocarski of Port Orange, is that last month’s median price did go up 3% compared to the February prior.

“Home sales continue to be slower than we’d like as we move through the first quarter of the year,” Wysocarski admitted.

He is hopeful, though, that the trend could change, especially with inventory continuing to grow in February. Available homes for sale grew by nearly 9% last month to 2,436, per MLS stats.

February 2019 did see a 4% jump in sales over than the month before, with 275 posted for January. The median price, however, did drop by 1% to $228,500, according to MLS data.

At the city level, Ormond Beach led the way in total sales with 77 during February 2019, while New Smyrna Beach had the highest median sales price at $288,748.

The full breakdown is as follows:

  • Beachside (Ormond By The Sea to Ponce Inlet): 43 sales, $279,000 median sales price.
  • Mainland Daytona (including Holly Hill and South Daytona): 30 sales, $172,500 median sales price.
  • New Smyrna Beach: 40 sales, $288,748 median sales price.
  • Port Orange: 45 sales, $265,000 median sales price
  • Ormond Beach: 77 sales, $245,000 median sales price.

565 homes have sold in the Daytona Beach area for the first two months of 2019, 82 fewer than during the same months last year, per MLS. That’s a drop of over 12%.

Median prices have grown nearly 6%, however, over that same time frame, with $237,000 posted for 2019 and $224,099 for 2018. That’s a difference of nearly $13,000.

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