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Ron's Blog

Single family home sales around Daytona Beach were down slightly as inventory levels continued to improve. 

For the month ending on March 31, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 446 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $234,997.

It amounts to a slight 3.6 percent decrease in overall sales and a robust 19 percent jump in median sales prices, compared to the same month last year. In month-over-month comparisons, home prices were up 2 percent and sales were up by more than 30 percent. Year to date, first quarter home sales are down slightly from the first quarter of 2017. 

Comparisons to previous months and 2017 SFR sales figures are

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You’ve just closed on your new home and it’s time to move in. As you walk through the door into the empty home for the first time, it may strike you just how empty the place is.

Where your furniture will go and what items you still need to fill the space, possibly appliances for example,  will likely start running through your mind.

But there are other important things you’ll need to do right away as you get settled in. Things you won’t want to miss or forget, else you could find yourself in a pinch later because it wasn’t done.

Here’s a quick list of some things you should do after closing on your next home:

1. Change ALL of the locks.

If you didn’t buy a new construction home, this should be among the FIRST things to do after buying a

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Buying A Home After Bankruptcy

 

 

The recession was a rough time for many Americans. People lost their homes, their jobs and their financial security.

Millions were forced to file bankruptcy in search of a fresh start. In fact, more than 1.4 million people filed for bankruptcy in 2009 alone. But that was just the beginning. Over the next several years, there was a steady flow of bankruptcy filings as more jobs were lost and more homes went into foreclosure.  And for some, the effects were delayed. They were able to keep afloat while others fell apart financially, only to fall apart themselves financially just as the economy was beginning to turn around. 

If you're one of those folks who petitioned the court for a fresh financial start,

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After nearly 2 years of low inventory levels fueling a seller’s market, the number of available condo units rose again in March.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 132 condo sales in March with a median sales price of $216,000. It’s a steady sales pace, amounting to three fewer condo sales than occurred in the area in March 2017. The median sales price, however, was up by a notable 18 percent, year over year.

In monthly comparisons, sales were up by 37 percent over February and prices were up by 25 percent.

Meanwhile, MLS data showed that the condo market’s inventory issues continued to improve in March with 1002 available units for sale during the course of the month. That

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April Events Around The Daytona Beach Area

 

 

April in the Sunshine State means mild temperatures that make for a popular travel destination.  Outdoor events and theme parks tend to be very attractive this time of year.  Here are some of the upcoming events in our local area.

 

Movies on The Halifax

April 6

Visit the Rockefeller Gardens in Ormond Beach the first Friday of the month as we watch a movie under the stars.  The movie for the month of April in Coco and it begins at 8:00 p.m.  For more information visit www.TheCasements.net/events.php.

2nd Annual Strawberry Fest

April 7-8

Don’t miss the 2nd Annual Strawberry Fest at the Volusia County Fairgrounds in Deland on Saturday and Sunday 10 a.m. – 5 p.m.  Family fun

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Single family home sales around Daytona Beach remained steady in February as inventory levels continued to improve.

For the month ending on Feb. 28, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 342 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $230,000. It amounts to a slight increase in overall sales and a robust 15 percent jump in median sales prices, compared to the same month last year. In month over month comparisons, home prices were up 7.3 percent and sales were up by more than 18.7 percent.

Comparisons to previous months and 2017 SFR sales figures are below:

  • Feb. 2018: 342 sales, $230,000 median sales price.
  • Feb. 2017: 339 sales, $200,000
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Home Values Then and Now

 

 

Home values have been an ever-moving target for more than a decade now. First, home prices were soaring fast as we moved through the upward movement of a real estate boom. Then the market crashed, and we all watched home values tumble for years more.

Now here we are again, watching home values return rapid pace to their pre-crash levels.

To help the nation get a birds eye view of all the changes, the economists at CoreLogic recently released a report focused on evaluating the housing market since the Great Recession, which technically ran from December  2007 to June 2009.

During that time, the US economy lost more than 8.7 million jobs and American families saw more than $16 TRILLION of their combined net

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Love it or hate it, It’s tax season.

According to data released by the Internal Revenue Service (IRS), the average American can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year.

For many families, those tax refunds feel like ‘extra money.’ It comes in fast and with a little heft, making it the perfect funding source for larger financial goals. Instead of buying that new DSLR camera, a pretty new livingroom set, or family passes to Disney…. Do yourself a favor. Buy something that will change your life!

 This year, turn that tax refund into a jump start on a down payment for your very own home!

Listen, I know your rent is high. And

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Although area condo sales totals were steady compared to January, the figures were down notably from the same month last year.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 94 condo sales in February with a median sales price of $172,450. It’s a steady sales pace, amounting to one more condo sale than occurred in the area in January. But in annual comparisons, sales were down by 18 percent compared to February 2017. Median sales prices, meanwhile, showed a different trend with prices down by about 9 percent, compared to January. Prices were up by nearly 12 percent, though, in year over year comparisons.

Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, said he didn’t

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The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.

According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the beginning of 2017:

Putting your home on the market now instead of waiting for increased competition in the spring might make a lot of sense.

And right now, you likely have a lot more equity to work with than you did a few years ago or even just a year ago.

Some national reports indicate homeowners have gained nearly $15,000 in equity

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