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In The News

Stay updated on the central Florida area's top news in real estate. Find our press releases, news outlet interviews and other stories of interest on our local market here!

Found 101 blog entries about In The News.

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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Single family home sales around Daytona Beach were down slightly as inventory levels continued to improve. 

For the month ending on March 31, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 446 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $234,997.

It amounts to a slight 3.6 percent decrease in overall sales and a robust 19 percent jump in median sales prices, compared to the same month last year. In month-over-month comparisons, home prices were up 2 percent and sales were up by more than 30 percent. Year to date, first quarter home sales are down slightly from the first quarter of 2017. 

Comparisons to previous months and 2017 SFR sales figures are

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After nearly 2 years of low inventory levels fueling a seller’s market, the number of available condo units rose again in March.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 132 condo sales in March with a median sales price of $216,000. It’s a steady sales pace, amounting to three fewer condo sales than occurred in the area in March 2017. The median sales price, however, was up by a notable 18 percent, year over year.

In monthly comparisons, sales were up by 37 percent over February and prices were up by 25 percent.

Meanwhile, MLS data showed that the condo market’s inventory issues continued to improve in March with 1002 available units for sale during the course of the month. That

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Single family home sales around Daytona Beach remained steady in February as inventory levels continued to improve.

For the month ending on Feb. 28, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 342 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $230,000. It amounts to a slight increase in overall sales and a robust 15 percent jump in median sales prices, compared to the same month last year. In month over month comparisons, home prices were up 7.3 percent and sales were up by more than 18.7 percent.

Comparisons to previous months and 2017 SFR sales figures are below:

  • Feb. 2018: 342 sales, $230,000 median sales price.
  • Feb. 2017: 339 sales, $200,000
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Home Values Then and Now

 

 

Home values have been an ever-moving target for more than a decade now. First, home prices were soaring fast as we moved through the upward movement of a real estate boom. Then the market crashed, and we all watched home values tumble for years more.

Now here we are again, watching home values return rapid pace to their pre-crash levels.

To help the nation get a birds eye view of all the changes, the economists at CoreLogic recently released a report focused on evaluating the housing market since the Great Recession, which technically ran from December  2007 to June 2009.

During that time, the US economy lost more than 8.7 million jobs and American families saw more than $16 TRILLION of their combined net

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Although area condo sales totals were steady compared to January, the figures were down notably from the same month last year.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 94 condo sales in February with a median sales price of $172,450. It’s a steady sales pace, amounting to one more condo sale than occurred in the area in January. But in annual comparisons, sales were down by 18 percent compared to February 2017. Median sales prices, meanwhile, showed a different trend with prices down by about 9 percent, compared to January. Prices were up by nearly 12 percent, though, in year over year comparisons.

Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, said he didn’t

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Single family home sales around Daytona Beach fell in January, while median prices remained strong. 

For the month ending on Jan. 31, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 288 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $214,250. That amounts to an approximate 7.4 percent decline in overall sales, compared to the same month last year.

Conversely, the totals reflect a healthy 7 percent increase in median sales prices, year-over-year. 

In month over month comparisons, both sales and median prices were down from December. 

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

  • Jan. 2018: 288 sales, $214,250 median sales
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Retirees from near and far are flocking to a new beach lifestyle inspired by the world famous singer, songwriter and best-selling author Jimmy Buffett.

Some smart developers have taken the easy going attitude of a famed song sung by Buffett and fellow singer Alan Jackson and turned it into a haven for the growing number of fun-loving Baby Boomers that are getting ready to enter their retirement years and want an active lifestyle that's filled with fun, friends and great experiences. 

"It's 5 O'Clock somewhere," could easily be the theme song for the lifestyle residents will enjoy at Latitude Margaritaville community in Daytona Beach.

Pre-Sales for homes and villas in Latitude Margaritaville have already begun, and the development plans are

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Although the numbers were down from December, Daytona area condo sales in January were up notably from early last year.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 93 condo sales in January with a median sales price of $190,000. Those figures are down from the heated holiday market we saw in December. Compared to January 2017, however, sales are up by nearly 18 percent and median prices are up by nearly 3 percent.  

“It’s normal to see sales relax a bit in January as the excitement of the holiday season passes, and we await the onslaught of tourists rolling in for Race Week, Bike Weeks and Spring Break,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange. “Condo

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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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