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August 2017

Found 9 blog entries for August 2017.

So, you've seen or heard the word "condotel" and now you want to better understand what that is and what it means.

We're happy to help you with that!

What are condotels?

Condotels go by a number of different names in the real estate business and among area residents. Sometimes called Hotel Condos, Resort Condos, Vacation Condos or Condo-Hotels, Daytona's condotels are, for many local property owners, an affordable way to own an oceanfront vacation property.

 

Frequently priced substantially lower than a typical oceanfront condo, condotels tend to both look and operate a little differently than a traditional condo building. Units in a condotel most often LOOK like a hotel room, rather than an apartment. And from a visitor's perspective, the

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We know the first few weeks of school can be tough on parents. Between school supplies, teacher meetings, schedule adjustments, club signups, sports and everything else in between, there's a lot to juggle and keep track of. 

With hopes of making your life just a touch easier this week, we pulled together a list of all available dates for the upcoming Open House events to be held at Volusia County's public schools. 

(PS- We always want to better understand the kind of content you want us to provide you. So, let us know if you found this list helpful!) 

 

High Schools

Atlantic: Aug. 29 (Time not posted)

DeLand: Aug. 31, 5 p.m.

Deltona: (9th Grade Parent Meeting) Aug. 30, 5 p.m. (All Grades) Open House, 6 p.m.

Mainland: Aug. 29, 6

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Median sales prices of single family homes around the greater Daytona Beach area soared in July as buyers continued to navigate a highly competitive market suffering ongoing inventory issues. 

For the month ending on July 31, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 466 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $215,000. It amounts to a 10 percent increase in median sales prices and a 4 percent jump in sales, year over year. Compared to June, month over month comparisons showed median prices remained steady as sales totals fell by nearly 5 percent.  

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

  • July 2017: 466 sales,
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It's no secret that homes are selling fast.

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which found homes listed for sale were only on the market an average 28 days in June as hungry buyers scooped up the listings as fast as they hit the MLS. In fact, more than half of the homes listed across the NATION in June sold in under a month. And the statewide average days on market average ran below 30 days in 27 states.  (Unfortunately, Florida was not one of those 27.) 

Here's a look at the speed of home sales around the country, using data pulled from the National Association of Realtor's monthly Realtors Confidence Index Survey.

 

And while the rapid pace of the market IS having a

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Are you thinking of moving across the country? Maybe you live somewhere cold and are considering becoming a Florida snowbird. Or, maybe you're a longtime Florida resident and years of living in the Florida heat has you longing for a little chill in your life.

No matter what you're considering, it's always best to put some research and planning behind the decision.

Many of us know someone who made a big move somewhere, and failed miserably for one reason or another. Don't make the mistakes others can learn from. Be the success others can follow!

One great place to start your research is the Tax Foundation. Folks there have worked hard to synthesize cost of living data into simple, easy-to-understand articles and maps. 

Here's a look at how

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After YEARS of employment uncertainty, low wages and just general yuck caused by the Great Recession keeping Millennials from buying homes and building their white picket fence dreams, the boisterous tech-savvy generation is finally closing more real estate deals.

Recent Census Bureau reports prompted plenty of excited headlines over the latest rise in the nation's homeownership rate. Homeownership grew again in the second quarter of this year, to a new 3-year high. 

Although another step in the right direction, the truth is that the current 63.7 percent homeownership rate is still hovering near 50-year lows. Still, the Census Bureau says the numbers are up 0.1 percent over the first quarter of this year, and up 0.8 percent over last year. 

But

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Spring  and summer are traditionally the busiest seasons for real estate.

After a long year of shuttling kids to and from school, or digging themselves out of a northern snow pile, buyers flock to agents and websites in search of their dream home.

Real estate agents near and far begin recruiting homeowners to sell around this time in preparation for the increased demand. The homeowners agree to list as they begin to imagine themselves in something newer, bigger or better suited to their needs. It's the cycle of the market.

This year, however, it seems the usual buyers emerged from their wintery holes with dream home daydreams while the sellers dug in their heels and stayed put in their properties. 

A recent report from CoreLogic shows

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Condo sales and prices around the Daytona Beach area stumbled downward in July. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by The Wyse Home Team at Keller-Williams Realty showed there were 121 condo sales in July with a median sales price of $190,000. It amounts to an approximate 7 percent decrease in both sales and median prices, compared to July 2016. Meanwhile, sales and prices were also down by about the same amounts in month over month comparisons. 

“The likely culprit for the median price drop in year-over-year comparisons was a reduction in sales of executive level condos priced between $300,000 and $500,000,” said Ron Wysocarski, CEO of The Wyse Home Team at Keller Williams Realty. “It’s not immediately clear what

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