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Ron's Blog

Single family home sales remained steady in October across the Daytona Beach area.

For the month ending on October 31, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 420 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $255,500. The sales are a nominal 1 percent lower than in September, and just 2 percent lower than in October 2018. Year to date, the total number of homes sold sits slightly above sales totals from the first 10 months of 2018.  Sales volume is up 8.6 percent compared to the first 10 months of 2018, according to MLS reports.

The median sales price for single family homes sold in October was up in both monthly and annual comparisons. MLS reports

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After 4 months of falling sales, the Daytona area condo market perked up in October as the median sales price fell.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 146 condo units sold around the Daytona Beach area in October with a median sales price of $204,500. Those sales are 11 percent higher than condo sales were a year ago and 19 percent higher than the previous month. Sales volume was also up in both monthly and annual comparisons.  With the sales game came a drop in the median sales price, according to MLS reports. At $204,500, the median condo sales price in October was down slightly from last year, and a noticeable 11 percent lower than in September.

Year to date, both condo

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Where will the baby boomers live during retirement? That's a great question, one that needs to be sorted out before the giant generation is all living on fixed incomes! 

According to a recent article by the Florida Realtors Association, the number of homes headed by a person age 65 or older rose by 14 percent to 31 million, between 2012 to 2017. And a report just released by Harvard University’s Joint Center for Housing Studies (JCHS), said we can expect the group of people age 65+ to comprise about 34 percent of the nation's population within the next 20 years.  

We knew it was coming, just as we knew the also-enormous Millennial generation would hit the housing market fast moving flood. Like their younger counterparts, the baby boomers are going

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Single family home sales were stronger in September across Daytona Beach area.

For the month ending on September 30, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 418 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $249,900. That’s 4.5 percent higher than sales were in September 2018. Year to date, home sales are a handful higher than they were around this time last year.

The median sales price in September also was up, in both monthly and annual comparisons. In fact, MLS reports show the median sales price rose by nearly 8 percent over September 2018. Year to date, the median sales price remains 5.5 percent higher than it was during the first 9 months of

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For the fourth consecutive month, condo sales around the greater Daytona Beach area were down in year-over-year comparisons.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed condo sales were down in September, compared to condo sales a year ago. There were 120 condo units sold around the Daytona Beach area in September. That’s 7 percent lower than the number of units sold in September 2018. Sales volume was also down in both monthly and annual comparisons. The total value of condo sales in September was down 24 percent from August and down 16 percent compared to the same month last year.  Year to date, condo sales are down by 3.5 percent.

Fortunately for area condo owners, median sales prices have

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Home values are on strong footing across the nation, according to the latest Homeowner Equity Report from CoreLogic, but Florida continues to have a higher than average number of homes that are upside down. 

According to this latest quarterly report, homeowners around the country have enjoyed an average 4.8 percent increase in their home values since the second quarter of 2018. Roughly 63 percent of homes in the country saw their home values rise, by a collective $427 BILLION. 

"We've seen a lot of local homeowners finally turn the corner on home debt taken out during the boom," said Ron Wysocarski, CEO and Broker of Wyse Home Team Realty. "But prices have been climbing fairly fast in the last couple years, so we're also seeing people pushing

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The median sales price rose as home sales fell in the Daytona Beach area during August.

For the month ending on August 31, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 465 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $245,900. That’s 5.6 percent lower than sales were in August 2018, and it’s a full 10 below the number of homes sold during July. Meanwhile, the median sales price in August was slightly higher than in July, but reports show it was 6 percent over August 2018.

Year to date, there have been 23 fewer single family home sales across the Daytona Beach area than took place during the same period of 2018. The median sale price for homes sold in the

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Daytona area condo sales for the third consecutive month in August. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed another notable drop in condo sales during the month of August, compared to condo sales a year ago. There were 138 condo units sold around the Daytona Beach area in August. That’s almost a 19 percent decline in sales, year over year. Sales volume was down by 14 percent in annual comparisons.  

The median condo sales price in August also was down in annual comparisons. The median price of condo sales in the Daytona area during August was $225,500, MLS reports show. That’s a 14 percent decline in the median price, compared to August 2018. There was one piece of good news in the MLS

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It isn't often that the greater Daytona Beach area takes the brunt of a massive storm, but hurricane season does happen every year and we are at risk being perched on the East Coast of Florida. 

Homeowners, home buyers and home sellers all must always keep in mind that hurricane season runs from June 1st through November 30th. And a storm could threaten health, safety and property at any time during that season with little warning. 

As storms develop and threaten our area, there are a few things sellers should do to protect their property and to prevent damage related delays of their pending or eventual home sale. And we've included some questions buyers can be asking of sellers as they conduct their home search.

Plan for electrical outages.

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 It's Back To School time! And because we often work with local teachers, helping them to sell their homes and find new ones that meet their changing needs, we know that each new school year brings a new set of challenges for local teachers.

As our teachers navigate through the first few weeks of school, we know there are still some supplies left on their lists that didn't get purchased for the classrooms. We know there are students who arrive unprepared, without the items they need to succeed for the school year.

We know the struggles our teachers face because throughout the year many of them turn to us real estate needs. They turn to us when they need a bigger place to make room for their growing families. They call on us when it's

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