Another Strong Month For Daytona Condo Sales

Daytona Beach, FL - Another month brings another period of strong upward movement in Daytona Beach’s condo market. And just in time for spring too. Recent analysis of the Daytona Beach Multiple Listing Service—from Ron Wysocarski’s team at Wyse Home Team Realty—found that 179 condo units sold around the Daytona Beach area throughout February with a median sales price of $275,000. That’s a nearly 30 percent increase in condo sales over both the previous month and last year. In addition to condo sales, sales volume was also up by 51 percent during February, compared to February 2020. In annual comparisons, realtors found that the median sales price was up by more than 35 percent. "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. "We’re looking forward to a busy year for theDaytona Beach condo market." These positive figures came even as realtors continue to struggle with Daytona Beach’s already rock bottom inventory levels. In February, there were 629 condo units active at some point during the month, which is down 6.5 percent from the 673 units active in January and roughly 36 percent lower than the 982 available condo units in February 2020. Ron added that inventory could soon improve, albeit rather slowly, thanks to climbing prices that might interest a seller into taking advantage of the market’s current conditions. "There are a lot of people that can’t pass up the opportunity to take advantage of this market right now," commented Ron.  Highlights from last month include two sales in Palm Coast worth almost $3 million—one unit sold for $1.627 million while another sold for $1.199 million—and the sale of a $815,000 condo in New Smyrna Beach.