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January 2018

Found 11 blog entries for January 2018.

Do you hear a distant rumble? Brace yourself, because Daytona's annual Speed Weeks event is roaring into town!

Will you among the hundreds of thousands of excited race fans and visitors that come out from near and far each year to experience the thundering fun of a full week of racing events lined up around Daytona Beach? 

Locals and visitors alike love the event as it draws great festivals, fun and a lively atmosphere that makes it obvious why so many people love to live, work and play in the greater Daytona Beach area.

This year, the Speed Weeks event runs Feb. 10-18. The nine-day motor sports campaign includes an action-packed schedule of six exciting races, culminating with the DAYTONA 500 which will showcase six decades of Daytona’s racing

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February is a fabulous time of year to be in Daytona Beach. In fact it's one of the most popular months of the year for tourist travel. As northerners grow weary of grey skies and cold snowy days, Florida's soft sandy beaches and bright sunny days make it a great place to get away.

The Daytona Beach community loves to give the locals and visitors alike lots of options for fun in February. Whether you’re interested in cars, food, drinks, art, music, or looking for something to do with the kids, there’s sure to be something you'll enjoy in the long list of local events planned around the area!

 

February 3

Hollywood Sweetheart Ball

Time to go to Hollywood! The annual Sweetheart Ball is a father/daughter formal dinner and

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A new high rise condo building will soon shape the skyline of Daytona’s ocean shore.

The 12-story condo development got its nod of approval from city officials this month. The building will rise some 136 feet into the air and be home to 72 condo units ranging in size from one to three bedrooms each, according to a recent news report.

The condo complex will go in on two vacant oceanfront lots near Botefuhr Avenue at 1901 S. Atlantic Ave.

Daytona’s Mayor, Harry Jennings, told the local paper that city officials were pleased with the project plans and that it’s expected to add more beauty to the area.

City meeting documents indicated the project could break ground this summer and pre-sales of the units are expected to begin almost immediately.

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Prices are soaring. Sellers are juggling competing offers on their homes just hours after listing.

You think we’re seeing the housing market bubble again and it’s making you nervous.

Not so fast.  Let’s not jump to conclusions.

There’s more to a housing bubble than just rising home prices.

 

What are the signs of a housing market bubble?

What truly causes a housing bubble and the inevitable crash? What are the signs? For the best explanation, it might be a good idea to look to the person who correctly called the last housing bubble – a year before it happened.

That’s Bill McBride, of Calculated Risk. He identified and named the housing bubble back in April 2005.

Here’s what he said…

“A bubble requires both overvaluation based on

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The real estate market around the greater Daytona Beach area was strong in 2017, with gains in both sales and prices despite low inventory levels all year.

According to the Daytona Beach Multiple Listing Service (MLS) sales of all property types were up by 5.5 percent in 2017, and sales of existing single-family homes (detached) were up by 3 percent. The year-over-year rise in median sales prices was even more prominent. The area saw an 8 percent price increase across all property types sold in within the Daytona Beach MLS and there was a 10.8 percent jump in the median sales prices of detached single-family homes.

Reports pulled by Wyse Home Team Realty showed that 4,911 detached single-family homes were sold in the greater Daytona Beach area in

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As the happy holiday spirit settled in around the Daytona Beach area in December, home sales and median prices soared, giving area homeowners more reason to smile.

For the month ending on Dec. 31, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 415 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $222,000. It amounts to a 13 percent rise in sales and an 11 percent climb in median sales prices, year over year. In month over month comparisons, sales grew by a noticeable 26.5 percent and median prices rose by nearly 9 percent.   

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

  • Dec. 2017: 415 sales, $222,000 median sales price.
  • Dec.
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Fresh, fresh, fresh!  Who doesn’t enjoy fresh foods?! 

The greater Volusia and Flagler county area is full of fabulous local farms that are putting farm fresh produce in our stores, restaurants and on our tables. Why not go straight to the source and grab some of nature's great goodies while they're at their freshest?!

One great way to do that is by visiting one of the many local Farmers’ Markets setup throughout Volusia County! Some are open seasonally, while others are open all year round. And they're spread out throughout the county, so there is sure to be one close to you! 

Browse through the varieties of fresh fruits and vegetables and take in all the other amazing goods these markets have to offer!  Each location is unique so it might even

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The real estate market around the greater Daytona Beach area was strong in 2017, though it wasn’t all smooth sailing. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 1,494 condo sales across the area from January 1 to December 31. The units sold had a median sales price of $190,000. Compared to 2016, that’s a 7.8 percent increase in sales and an 8.6 percent increase in median sales prices. 

The market might have been much stronger, however, if it wasn’t for the limited number of available listings all year. 

“Inventory levels have been down for some time. The problem reaches back farther than just 2017,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange. “I

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Median condo sales prices soared in December as sales also grew with gusto across the greater Daytona Beach area. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 117 condo sales in December with a median sales price of $222,000. That’s more than 19 percent higher than sales in December 2016. And the figures represent a nearly 28 percent increase in median sales prices, year over year. Sales and prices were also up substantially in month over month comparisons. 

“It was a great way to end the year,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange. “Despite the persistent inventory issues and yet another hurricane hit, the local condo market was strong around the

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Believe it or not, rising prices isn’t always a bad thing for buyers.

Sure, it does put the squeeze on things a bit. You’ll want to get through the home buying process expeditiously since the longterm cost of your home could be rising exponentially while you search. That’s because every small increase in interest rates, and every hike in the price of the home’s you’re looking at can mean many thousands of dollars more spent in the long haul on a home when you’re looking at the final cost of a 30-year mortgage. (You can click here to read more about how small increases in interest rates and home prices affect the long term costs.)

Although that sounds scary. Don’t let it push you into putting your home search on hold. There are some real benefits to

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