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June 2016

Found 5 blog entries for June 2016.

(Daytona Beach, FL) –May home sales remained steady, despite reduced inventory. But prices soared, compared to a year ago. Median prices rose year-over-year by more than 28 percent as buyers were forced to shop in a market with 23 percent fewer available homes. 

According to the Daytona Beach Multiple Listing Service (MLS), for the month ending on May 31, 2016, 409 existing single-family homes (detached) were sold in the Daytona Beach area with a median home sales price of $198,000.

The figures represent only a 28 percent increase in median sales price, year over year, and less than one percent increase in total sales.  The figures also represent a slight decline in sales and a strong increase in median sales prices from April. Year-to-date

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Low inventory levels in homes and condos listed for sale have been wreaking havoc on sales numbers and median sales prices for months. As buyers in search of their next homes scour through nearly a thousand fewer active listings than were available last year, many are asking the question..."Why is it like this? Where did all the homes go?"

There are multiple reasons for the inventory shortage in the greater Daytona Beach area and across the state of Florida. 

One cause is simply a sign of economic recovery. Fewer people are behind on their mortgage payments. 

Black Knight Financial Services told Mortgage News Daily that people who have fallen behind on their home payments are twice as likely to list their home for sale than someone who is current

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(Daytona Beach, FL) – An analysis by The Wyse Home Team at Keller-Williams Realty in Port Orange, FL, showed condo sales around the greater Daytona Beach area rose marginally year over year as prices dipped marginally. According to the Daytona Beach Multiple Listing Service (MLS), 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,” said Ron Wysocarski, CEO of The Wyse Home Team at Keller Williams Realty in Port Orange. “While the overall market inventory remains very low, we’ve seen more condos come

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There are a lot of great titles and names associated with Daytona Beach and the little suburb cities that surround it. Daytona is home to "The World's Most Famous Beach" and is known as “The World Center of Racing.” Nearby cities also have varying claims to fame for being among the world's best surf towns, great places to have an up close encounter with wild marine life (like sea turtles and sharks).  There are historic lighthouses and world-famous universities. Don't forget the world-renown golf courses and the year-round string of festivals (like Bike Week) that draw millions of visitors from around the world. 

That great reputation is part of why Daytona Beach area has long been a popular place for businesses to set up shop. We have corporate

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Daytona Beach has spent the last few years revitalizing, investing and putting in an all out effort to get itself back on the maps and at the tops of people's vacation lists.

Development takes time and a whole lot of money. But Daytona Beach hasn't shied away from doing what it takes to get the job done. Millions of dollars and months of hard work have already gone into the effort.

With a chunk of the commercial development planned either finished or well underway, focus is now shifting to the construction projects that will give visitors, vacationers and new residents a great place to live.

Now, a few of the condo developments locals and visitors have long awaited are finally moving into the construction phases of projects that have for a long

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