Daybreak Home Prices Continue to Climb Steadily in the 2nd Quarter 2020

Daybreak Home Prices 2nd Quarter 2020 text with home and piles of money in background

The Daybreak Housing Market continued to see home price appreciation in the 2nd quarter of 2020. The median sales price for a home climbed 5.97% to sit at $392,000. What was surprising, is that even through the height of COVID-19 the number of homes sold only declined by 1.72%. What's more, the speed at which homes went under contract dropped over 20% to just 23 days.

Daybreak Combined Home Sales
Median Sales Price: $392,000 up 5.97%
Total Sales: 229 down 1.72%
Days on Market: 23 down 20.69%

Single-Family Homes

The single-family home market surged ahead in the quarter with a 9.36% increase in the median sales price to set a new record at $472,266. Given the impact on COVID-19 in the quarter, sales were down 11.43%, but the days on market greatly improved with a decline of 35% to stand ta just 16 days, which indicates a very strong seller's market.

Single Family Home Sales
Median Sales Price: $472,266 up 9.36%
Total Sales: 124 down 11.43%
Days on Market: 16 down 36%

Townhomes / Twin Homes

Townhome prices saw a modest increase in the quarter, climbing 3.07% to $318,500, while the number of sales bucked the trend of other home types and increased by 20% with 90 sales. Daybreak does not have many twin homes and there were only 8 sales. Prices did climb going up 7.89% to sit at $399,289. The combined days on the market for both home types improved 12%, dropping to 28 days.

Townhouse / Twin Home Sales
Townhome Median Sales Price: $318,500 up 3.07%
Townhome Total Sales: 90 up 20%
Twin Home Median Sales Price: $399,289 up 7.89%
Twin Home Total Sales: 8 up 100%
Days on Market: 28 down 12.50%


The Daybreak Condo median sales price did improve slightly in the quarter, going up 3.27% to $210,000. Sales did decline with just 7 condo units selling (down 50%), but days on market improved dramatically dropping over 65% to 15 days.

Condo Home Sales
Median Sales Price: $210,000 up 3.27%
Total Sales: 7 down 50%
Days on Market: 15 down 65.91%


Overall the Daybreak Housing Market performed very well in the 2nd quarter, especially given the impact of COVID-19. While the number of sales may have been down slightly, prices and time on the market both improved, indicating a strong seller's market.

Tagged with:
Posted in: Home Sales

Leave a Reply

Your email address will not be published. Required fields are marked *


Time limit is exhausted. Please reload the CAPTCHA.