Ron Wysocarski of Wyse Home Team at Keller Williams Realty: Marginal changes in Daytona area condo market

Sun • Scene • Sand • Surf 

Werlcome to DaytonA Beach / home of condos / Headline Surfer®Headline Surfer® photo illustration /
The big selling points for high-rise condos in Daytona: Start with the sunshine and the scenery. Add the hard sands of the World's Most Famous Beach® where cars are allowed along certain stretches along with off-beach parking. And finally, those awesomely curling waves, referred to in these parts as the surf.
 

DAYTONA BEACH, Fla. -- With summer just days away, here's some good news for thew World's Most Famous Beach®: Condominium sales in greater Daytona Beach rose marginally in the month of May -- in a year-over-year comparison as prices dipped slightly.

That's the latest analysis from The Wyse Home Team at Keller-Williams Realty in Port Orange.

According to the Daytona Beach Multiple Listing Service, there were 121 condo sales in May, which is three more sales than occurred in both April of this year and May of last year. Median sales prices, meanwhile, dropped by a marginal $2,500 from last May and fell by $11,500 from April of this year.

“Inventory levels continue to be something we’re watching,” Ron Wysocarski, CEO of The Wyse Home Team at Keller Williams Realty in Port Orange, told Headline Surfer®, explaining further, “While the overall market inventory remains very low, we’ve seen more condos come onto the market to help the gap between the high demand and low inventory. 

Wysocarski added, "MLS data shows that in May, the number of active condo listings was only 2 percent less than the number of active condo listings in May 2015.” 

And while luxury condo sales stayed steady year-over-year, executive condo sales in the $300,00 to $500,000 price range were down by about 28 percent in May, Wysocarski pointed out, adding this too, is something he and his agents are keeping an eye on.  

Ron Wysocarski , CEO of The Wyse Home Team at Keller Williams Realty in Port Orange / Headline Surfer®Inventory levels steady for luxury condos, but exec sales down...

“Inventory levels continue to be something we’re watching,” Ron Wysocarski, CEO of The Wyse Home Team at Keller Williams Realty in Port Orange, told Headline Surfer®, explaining further, “While the overall market inventory remains very low, we’ve seen more condos come onto the market to help the gap between the high demand and low inventory. 

Wysocarski added, "MLS data shows that in May, the number of active condo listings was only 2 percent less than the number of active condo listings in May 2015.” 

And while luxury condo sales stayed steady year-over-year, executive condo sales in the $300,00 to $500,000 price range were down by about 28 percent in May, Wysocarski pointed out, adding this too, is something he and his agents are keeping an eye on.  

FAST FACTS: By the numbers

Daytona Beach MLS data for condo and condotel sales combined:

• May 2016: 121 condo/condotels sold with a median sales price of $182,000;

• May 2015: 118 condo/condotels sold with a median sales price of $184,500;  

• April 2016: 118 condo/condotels sold with a median sales price of $193,500;

• April 2015: 125 condo/condotels sold with a median sales price of $130,000;

• YTD 2016: 548 condo/condotels sold with a median sales price of $165,000;

• YTD 2015: 547 condo/condotels sold with a median sale price of $160,000.    

Daytona Beach MLS data for condos and condotels separated:

• May 2016: 112 condos sold with a median price of $195,000;

• May 2016: 9 condotels sold with a median price of $71,300.    

Here are some key May 2016 highlights of luxury condo sales in the Daytona Beach area:

• $825,000 condo sale in The Inlet Condos, New Smyrna Beach on May 18;

•$710,000 condo sale at St. Kitts Condos, Daytona Beach Shores on May 18;

• $688,000 condo sale at Minorca Condos, New Smyrna Beach on May 9;

• $650,000 condo sale at Hawks Nest, Port Orange on May 6;

• $605,000 condo sale at Towers Seven, Ponce Inlet on May 24.  

Wyse Home Team / Headline Surfer®About the Realtor: Ron sells the Beach!

Ron Wysocarski has been in real estate finance and sales for more than a decade and is a recognized industry leader.

For more information regarding Ron Wysocarski or The Wyse Home Team, please call 386-562-2651 or contact Wysocarski at ronsellsthebeach.com.
 
 
INDEPENDENCE DAY! July Launch: Next Generation Headline Surfer®...
Integrated social media with apps, advanced multimedia presentation, with news focused on greater Daytona Beach, Sanford & Orlando (Osceola, Orange, Seminole, Brevard, Flagler, Putnam, St. Johns counties). Plus:
• The Beaches (Ormond Beach, Ponce Inlet, Shores, World's Most Famous Beach, New Smyrna Beach);
• Motorsports (Rolex 24, Daytona 500, Coke Zero 400 at Daytona International Speedway, Indy 500, worst of the worst crashes);
• Orlando Magic basketball coverage - (year round);
• Wrestling ReWind - pro wrestling column (year round);
• Inaugural HS Hall of Fame (200-plus entrants, snapshot profiles, videos, timelines);
• 2016 elections (qualifying, endorsements, public candidate debates, primary & general election coverage);
• One constant: Award-winning breaking news & investigative reporting by the most experienced journalist has covered Daytona since the mid-1990s. With that expertise in mind, look for our special investigative projects: 
-- Major Project: Deadly Force Comes Full Circle in the VCSO: Police Overkill or Politics Run Amok? 
ONGOING:
How Safe Are We? Crime mapping & public safety trends;
Internal Affairs (the good, the bad & the ugly in the cop shops);
Show Me the Money: Government spending excesses (salaries, contracts, budgets);
Party Lines: Trends in politics, especially this election season;
Advertising & Marketing Specials...
Henry Frederick Picture

Short Bio

Henry Frederick is publisher of Headline Surfer®, the award-winning 24/7 internet news outlet in Daytona Beach, Florida, via HeadlineSurfer.com. Specializing in breaking news & investigative reporting, Frederick is among the Sunshine State's most experienced reporters with dozens of journalism-industry awards.

View his stories archives here