The inventory of available single family homes for sale in the greater Daytona Beach area spiked in October to its highest level in months.
The conditions created smiles all around as happy homebuyers enjoyed shopping a market with more selection. And many sellers with low and mid-range priced homes reaped strong sales prices thanks to the lingering pent-up demand for their properties.
For the month ending on October 31, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 409 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $236,900. It amounts to a 4 percent increase in sales compared to the same month last year, and a 10 percent rise in median sales prices.
Condo sales around the greater Daytona Beach soared by more than 35 percent in October, according to a recent report.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 129 condo units sold around the Daytona Beach area in October. That’s up over 35%, compared to just 95 units sold in October 2017. Meanwhile, median sales prices rose by nearly 9 percent to $207,000 over October 2017. Median prices were down by roughly 11.5 percent compared September, though.
Year to date, median sales prices are up by just under 10 percent as total condo sales remained 4 percent above the number of units sold during the first 10 months of 2017.
“These are great numbers that could mean we’re seeing growth
November is a time of giving and a time to be thankful. It’s also a beautiful time of year in Daytona Beach and its surrounding areas. Thankfully, there are many local events that bring family and friends together to enjoy the festivities. Here's a quick look at some of the fun that's on tap in Volusia County during November.
Volusia County Fair
November 1 – 11
The 2018 Volusia County Fair is being held at the fairgrounds in DeLand from November 1st through November 11th and it's one of the locals' favorite events around Daytona in November. There will be musical entertainment, live action sports, carnival games and rides, livestock shows, talent shows, exhibits featuring art, photography, music, agriculture, horticulture, crafts, and so
The number of single family home sales across the greater Daytona Beach rose in for the second consecutive month in September.
For the month ending on September 30, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 390 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $232,500. It amounts to a 10 percent increase in sales compared to the same month last year, and a 3.5 percent rise in median sales prices. Compared to August, sales were down notably while median prices rose slightly.
Year to date, sales are up by 4 percent and median sales prices remain 7 percent higher than the first 9 months of 2017.
Comparisons to previous months and 2017 SFR sales figures
When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate market, though, the top two factors to consider are what’s happening with interest rates & inventory.
Mortgage interest rates have been on the rise and are now over three-quarters of a percentage point higher than they were at the beginning of the year. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates climbed to 4.72% for a 30-year fixed rate mortgage last week.
The interest rate you secure when buying a home not only greatly impacts your monthly housing costs,
Condo sales around the greater Daytona Beach rose in September, with strong median price gains in annual comparisons.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 127 condo units sold around the Daytona Beach area in September. That’s up by a handful of sales from the 120 units sold in September 2017. Similar to last year’s trend, MLS data shows September condo sales were significantly slower than the month prior. The reports also offered good news for Daytona condo owners’ home values as median sales prices climbed 15.5 percent to $234,000 over September 2017. Meanwhile, median prices were down by roughly 3 percent compared to August.
October is an amazing time of year in the Daytona Beach area. It’s not too hot, not too humid, and there are so many activities to enjoy! Fall festivals are popping up everywhere, there are amazing fundraising events taking place, and of course bikers rumble into town to take part in the annual Biketoberfest. Make sure to explore all the incredible local events taking place in Daytona Beach and the surrounding areas this month!
Port Orange Family Days
Join in the fun at the 2018 Port Orange Family Days at City Center. Free Parking, Admission and Entertainment. There is sure to be something for everyone! The festivities kick off on Thursday, October 4th, 4:00 – 10:00 p.m., and continue Friday 5:00 – 11:00 p.m.,
After two months of sliding sales, the number of single family homes sold around the greater Daytona Beach area rose dramatically in August.
For the month ending on August 31, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 476 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $230,750. It amounts to a 10 percent increase in sales compared to the same month last year, and it’s a 4 percent rise in sales totals compared to July. Year to date, sales are up by 3 percent.
Median sales prices rose slightly, by 2 percent, compared to August 2017. And MLS reports show there was a similar gain in monthly comparisons. Year to date, median sales prices remain 7.3 percent
Real estate and financial market experts are predicting a shift in the real estate markets in Florida and around the nation. That means now is a great time to take stock of where we are and how far we've come this year.
Here's a look at how home prices have been doing around the US....