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May 2018

Found 5 blog entries for May 2018.

Single family home sales and median sales prices rose around the greater Daytona Beach area in April. 

For the month ending on April 30, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 455 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $227,000. It amounts to a 10.4 percent increase in sales and a strong 8 percent rise in median sales prices, compared to the same month last year. In month-over-month comparisons, home sales remained flat and median prices fell slightly by 3 percent.  Year to date, home sales are up slightly and median sales prices are up a notable 12 percent compared to the first four months of 2017.

Comparisons to previous months and 2017 SFR

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Things To Do Around Daytona Beach In June

 

 

June is rapidly approaching, and Summer is right around the corner! Kids are wrapping up their school year and many people are planning their summer vacations.  When looking for things to do around Daytona Beach in May, don't forget to look in your own backyard for events that are sure to entertain the entire family! Here are a few of the fun, local events taking place in Daytona Beach and the surrounding areas in the month of June.

Bandshell Live: Summer Concert Series

June 1, 8, 15, & 22

Visit the “World’s Most Famous Bandshell” in Daytona Beach, Friday nights this summer for their Summer Concert Series.  The concerts begin at 7:00 p.m. and are free to attend.  There is parking at the

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How To Make 6 Percent More Money On Your Home Sale

 Did you know there’s a perfect month of the year to sell your home?

Yep, that’s right. There actually is a specific month in the year when home sellers tend to net MORE MONEY for their homes! 

According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home.

What? Oh yeah! Just ask the home sellers we’ve put on the market in the last few weeks. Almost all of them are already under contract with offers that are FULL PRICE or HIGHER! 

This particular ATTOM study looked at some 14.7 million home sales that took place from 2011 to 2017. What they uncovered in that data is an idea of

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The Daytona area condo market continued to turn the corner in April, with inventory levels up in both monthly and annual comparisons. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed the number of available units for sale during the month of April higher than the number of listings offered in April 2017.

“We haven’t seen inventory levels showing gains in year over year comparisons for quite some time now,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange.

Reports show there were 1036 units that were made active on the MLS at some point in April, but only 1029 condo units were made active during the April 2017. Inventory levels were also up compared to March, when there

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How rising interest rates and home prices could affect buyers this year

 

 

Does it feel like homes are getting less affordable?

They are.

Housing affordability fell by a whopping 5 percent in the first quarter of 2018, according to the latest Housing and Mortgage Market Review from Arch Mortgage Insurance.

And things could get 10-15 percent WORSE as the year progresses, the report said.

The report looks at how changes in mortgage rates, interest rates, and home prices affect the average buyer’s monthly payments.

The basic idea of how it plays out is that when home prices rise by a percentage, say 5%, then buyers can expect their monthly house payments to rise by about the same amount.

But when interest rates rise, it’s a

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