- November 23, 2024
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Press release provided by Wyse Home Team Realty
Condo sales across the Daytona Beach area continued to fall in May, despite state efforts to re-open local businesses and the economy.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were just 79 condo units sold around the Daytona Beach area in May with a median sales price of $200,000. That’s 48% below the area’s condo sales in May 2019 and 9% lower condo sales in April, when Florida’s “Safer At Home” order was in effect. Overall sales volume in May was nearly half last year’s sales volume. Sales volume was up slightly from April, however.
The median condo sales price in May rose to $200,000. That’s 2.5% below the median sales price during the same month last year, but it’s 19% higher than the median price was in April. Year to date, condo sales are down nearly 15% from the first five months of 2019 and the median sales price remains level.
Daytona Beach MLS data for Condo and Condotel Sales combined:
May Daytona Beach MLS data for Condos and Condotels separated:
The May 2020 highlights of luxury condo sales in the Daytona Beach area include:
