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May 2017

Found 8 blog entries for May 2017.

The busy spring home sales season is launching around the greater Daytona Beach area real estate market, but buyers are struggling to find homes and sales are sliding downward. 

For the month ending on April 30, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 407 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $210,000. It amounts to 5 percent reduction in sales and a nearly 17 percent jump in median sales prices, year over year. Compared to March, month over month comparisons showed prices climbed by more than 5 percent and sales totals fell by more than 10 percent. 

Comparisons to previous months and 2016 SFR sales figures are below: 

  • April 2017: 407
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It's TIME! You've been searching for the perfect place. Or at least something that sort of resembles the wishes on your wish list. And now you've found something worth calling home.

The hard stuff isn't over yet.

In this competitive market where inventory levels are hanging low and buyer demand is soaring, you will need to make a good offer that stands out in a crowd if you want to guaranteed that your dream of making this house yours actually comes true!

Here are some tips to keep in mind as you move forward with the offer process. 

1. Know What You Can Afford

This is the first, and maybe most important tip we can offer you. Fully understanding your finances, and how far they WILL or WON'T stretch is CRUCIAL when you make an offer. And

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In a trend the Florida Association of Realtors has dubbed "The New Normal," people just aren't selling their homes these days. 

Homeowners are moving less. They're keeping their homes longer than the industry has seen in more than a decade, and it's creating a drag on the economy.

It means less commission and fees for the real estate agents, title companies, inspection firms, home warranty peddlers and all of the other professionals that tend to be involved in a real estate transaction.

It also means much less inventory of homes for sale in local markets and an extremely competitive market for first-time home shoppers. Home buyers aren't finding what they're looking for. And when they do, they're finding themselves in a bidding war to make that

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Median sales prices in the Daytona area condo market dipped slightly in April, as condo sales remained steady 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by The Wyse Home Team at Keller-Williams Realty showed there were 126 condo sales in April with a median sales price of $170,750. It’s just 3 more condos than were sold the same month a year ago and a few less condos than were sold in March.  Meanwhile, median sales prices dipped in both month over month and year over year comparisons. Prices fell by 9.6 percent compared to April 2016, and they fell by 7.2 percent compared to March. 

“The median price dip we saw in April isn’t a sign of trouble,” said Ron Wysocarski, CEO of The Wyse Home Team at Keller Williams Realty. “It was

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Condo management election fraud. Theft of HOA funds. Board member conflicts of interest. Rigged renovation bids. 

These are just some of the abuses that have occurred at some condo complexes in Florida in recent decades, and state law makers are taking steps to make it stop. 

Although the bulk of the known problems seem to stem from condo complexes in the Miami area, officials say there could be abuses occurring anywhere in Florida. And  a new law recently approved by Florida senators and House members aims to address those issues.  

The bill will impose criminal penalties on activities like theft, election fraud and conflicts of interest. It also institutes some protections for owners.

“This is very important for Miami-Dade because it’s

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Looking for something fun to do this month? You're in luck! The May calendar of events for the greater Daytona Beach area is FULL of festival fun you won't want to miss!

Italian Festival: May 4 to May 7

If you’re dreaming of a romantic, swoon-worthy summer vacation to Italy, but your budget just won’t have it, then settle for the next best thing… the Our Lady Of Lourdes’ annual Italian Festival! Enjoy rides, games like Bingo and Bocce, live entertainment, wine tastings, meatball tasting contest, arts, crafts, mouthwatering Italian food, and more! Admission and parking are free. Ride bracelets cost $20 Thursday through Sunday, and $25 on Saturday.  The festival hours are 5-10 p.m. May 4th and 5th; 12-10 p.m. May 6th; and 12-6p.m. May 7. Visit Our

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Condo sales are soaring around the nation, according to the latest sales data compiled by the National Association of Realtors. And the upward trend is expected to continue for the better part of 2017.

According to the NAR sales report released in late April, it wasn’t just condo sales that started soaring as the scent of Spring began to hit the air for many regions in March. Sales of homes of all kinds, including detached homes and condos, skyrocketed to their highest pace in more than a decade.

Existing-home sales in the southern part of the nation rose 8.5 percent over last March, with median price gains of 8.6 percent to $210,600.

 The result was severe supply shortages and buyer competition that led to a steep drop in the average amount of

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