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Ron's Blog

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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There was an unexpected rise in home sales across the greater Daytona Beach area in July.

For the month ending on July 31, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 515 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $240,400. That’s a 10 percent increase in sales compared to the same month a year earlier. And it’s a 7.5 percent increase over home sales in June. Meanwhile, the median sales price for homes sold across Daytona in July were up nearly 7 percent in annual comparisons. But in monthly comparisons, the median price was down more than 5.5 percent.

The home sales spike in July helped bring overall sales in line with last year. Year to date, there

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Daytona area condo sales slumped for the second consecutive month in July.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed a notable drop in July condo sales, compared to condo sales in June. There were 113 condo units sold around the Daytona Beach area in July. That’s a 19 percent decline in sales, year over year. And it’s a 22 percent drop compared to June. Sales volume was down by 8 percent in monthly comparisons, and down by 4.8 percent in annual comparisons.  

Meanwhile, the median condo sales price in July served as a solid recovery from a painful dip in June. The median price of condo sales in the Daytona area during July was $205,900, MLS reports show. That’s more than 17 percent higher than

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It has been a beautiful summer. If you're like our team, you probably spent some time enjoying the sand and surf along The World's Most Famous Beach. Maybe you made some memories at some of the area's attractions and museums. There were parks to visit and springs to swim in. And we hope you enjoyed every minute of the summer sun and Florida fun that our area offers.

But if you have kiddos, then you may now be realizing that summer's end has snuck up on us all and the first day of school for students in Volusia and Flagler counties is looming. It's time for supply lists, uniform rules and zoning maps.

So, to make life a little simpler so you can get back to enjoying the last few days of summer break before the kids head off to class, we pulled

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Median home sales prices rose in June, as sales fell across the Daytona Beach area.

For the month ending on June 30, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 475 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $256,900. That’s a 12 percent drop in sales compared to sales totals in May. And it’s a 4 percent decline compared to same month last year. Fortunately, the median sales price for homes sold across Daytona in June were higher in both monthly and annual comparisons.  MLS reports show median prices were up by 16 percent compared to the same month last year. And the median prices in June were 4.8 percent higher than in May.

Year to date, single

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Daytona area condo prices fell hard in June.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed a substantial median price drop, compared to condo sales in May. There were 146 condo units sold around the Daytona Beach area in June with a $175,100 median sales price. That median price is more than 15 percent lower than the $207,000 median price in May. It’s 5.8 percent lower than the median price in June 2018.

Sales totals and sales volume were also down in both monthly and annual comparisons, MLS data shows. In fact, sales volume was down by more than $5 million, compared to May. And in annual comparisons, volume was down by $1.8 million.

Year-to-date, sales and median prices for the first half of

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Real estate market conditions are on the move this year, as many experts predicted it would be. Although an overall softening of the real estate market was expected to be the national average this year, unexpected drops in mortgage interest rates have instead served as a "shot-in-the-arm" for home sales, said Frank  Nothaft, chief economist for CoreLogic, one of the nation's foremost real estate and finance market analytics companies. 

And the extra activity in the real estate market has been pushing prices higher. 

CoreLogic's latest report shows that as of the end of May, home prices across the U.S. were up by 3.6 percent in year over year comparisons. The report predicts we will see another 0.8 percent rise by the end of June. And overall, there

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The spring and summer home selling season kicked into high gear in May, pushing both sales and median prices higher across the greater Daytona Beach area.

For the month ending on May 31, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 543 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $245,000. That’s a 3 percent increase in sales compared to the same month last year, and a 12 percent jump over sales totals in April. The median sales price for homes sold across Daytona was 6.5 percent higher in both monthly and annual comparisons.  

Year to date, single family home sales are down by 2.5 percent across the Daytona area, while prices are up by just over 3

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