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December 2017

Found 7 blog entries for December 2017.

The hustle and bustle of the holiday season is coming to a close, but there are still plenty of local, fun events to keep you entertained as we kick off 2018. 

The events planned during the month of January in the greater Daytona Beach area will help you find ideas for your next home and garden projects. You can enjoy some ice cold craft brews. Check out one of the racing events that help make Daytona famous. Or say "yes" to a wedding dress! 

Here's a look at what's on tap this month. Get out and have some fun... Daytona Beach style!

Volusia County Home and Garden Show

January 5-7

Check out the 7th Annual Volusia County Home and Garden Show at the Daytona Beach Ocean Center.  Find everything you need for your next home or garden project! 

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Home sales totals dropped in November, in both monthly annual comparisons. 

For the month ending on November 30, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 328 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $204,000.

It amounts to a 5 percent decrease in sales and only a modest 1 percent climb in median sales prices, year over year. In month over month comparisons, sales fell by nearly 14 percent and median prices dropped by more than 6 percent.    

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

  • Nov. 2017: 328 sales, $204,000 median sales price.
  • Nov. 2016: 346 sales, $201,250 median sales price.
  • Oct. 2017: 381 sales,
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If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Trulia’s Market Mismatch Study  released this fall showed that while inventory levels are low and sellers have the upper hand in many home deals, that's only the case in the middle and lower price ranges. 

In today’s premium home market... it's the BUYERS who are in control.

The inventory of homes for sale in the luxury market far exceeds those searching to purchase these properties in many areas of the country. And that includes the greater Daytona Beach area. This means that the area's luxury homes are often staying on the market longer than those in lower price ranges, and it eventually leads to price reductions. It also can give

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Over the last 12 months, home prices have appreciated by 7.0%., nationally speaking. In Florida, the number is HIGHER.

Meanwhile, during that same period of time, interest rates have remained extremely low and it has helped a lot of young buyers enter the housing market.

While our sellers are most often concerned about the "short term price" of their home, and where their home values are heading over the next several months, buyers should be careful to AVOID that thinking process.

As a buyer, however, you really should be focusing on the "long term cost" of the homes you're considering. 

One important puzzle piece in calculating your long term costs is interest rates. The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae are

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(Daytona Beach, FL) – Median condo sales prices sunk for the second consecutive month as sales held steady greater Daytona Beach area in November. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 98 condo sales in November with a median sales price of $181,250. The sales total is just 2 sales higher than in November 2016. And the figures represent a 13.2 percent decrease in median sales prices. Median prices were also down in month over month comparisons, and sales were only marginally better than October. 

“It’s not unusual for real estate markets to languish a bit around the holidays as people shift their focus over their families and traditions,” said Ron Wysocarski, Broker and CEO of

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Home and condo owners along The World's Most Famous Beach could soon see their neighborhoods and property values get a boost from some pretty big high luxury hotel development proposals. 

A Hard Rock Hotel, two luxury high rises with the Marriott branding, and a luxury convention center hotel plus condo complex are all on the horizon, according to local news reports. 

Courtyard by Marriott

One of the latest big developments announced is likely to rise in the area right around Main Street. A towering Courtyard by Marriott could bring 194 luxury rooms with a sparkling rooftop pool and views of the Daytona Beach Pier. As part of the deal, developers would extend the Boardwalk to Harve Avenue, erect a parking garage big enough to hold almost 300

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List now! The housing market is HOT!

Maybe you're seeing marketing like this a bit more lately. Maybe you've even had an agent or two call you up to see if you'd consider putting your home on the market. 

It's more than just a sales approach. It's what's happening in our back yard. Demand is very high and there's a serious lack of inventory. Meanwhile, the problem is being made worse by a bustling economy that's making it possible for a growing number of families to afford second homes (as investments or vacation homes.)

In fact,  ATTOM Data Solutions (formerly known as RealtyTrac), just released a report ranking the Volusia County area 3rd highest in the nation for percentage of second home mortgage applications. The 3rd quarter report

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