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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 70 blog entries about In The News.

Home sales and median prices soared around Daytona in May despite desperately low inventory levels, offering a great start to the area’s summer home sales season as the school year ended for local students.  

For the month ending on May 31, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 471 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $215,000.

It amounts to a nearly 13 percent increase in sales and an 8.5 percent jump in median sales prices, year over year. Compared to April, month over month comparisons showed sales totals rose by more than 15 percent as prices climbed 2.3 percent. 

Comparisons to previous months and 2016 SFR sales figures are

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Daytona Beach area condo sales and median prices skyrocketed in May, despite ongoing inventory shortages. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by The Wyse Home Team at Keller-Williams Realty showed there were 166 condo sales in May with a median sales price of $196,500. The totals reflect a substantial increase in sales and prices in both monthly and yearly comparisons. Condo sales were up a whopping 31.7 percent compared to sales in May 2016. And median sales prices were up 8.2 percent in May, compared to last year. Month-over-month comparisons showed similar increases with sales up more than 31 percent and prices up 15 percent. 

“We’re moving into the summer sales season at full speed” said Ron Wysocarski, CEO of The

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The busy spring home sales season is launching around the greater Daytona Beach area real estate market, but buyers are struggling to find homes and sales are sliding downward. 

For the month ending on April 30, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 407 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $210,000. It amounts to 5 percent reduction in sales and a nearly 17 percent jump in median sales prices, year over year. Compared to March, month over month comparisons showed prices climbed by more than 5 percent and sales totals fell by more than 10 percent. 

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

  • April 2017: 407
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Condo management election fraud. Theft of HOA funds. Board member conflicts of interest. Rigged renovation bids. 

These are just some of the abuses that have occurred at some condo complexes in Florida in recent decades, and state law makers are taking steps to make it stop. 

Although the bulk of the known problems seem to stem from condo complexes in the Miami area, officials say there could be abuses occurring anywhere in Florida. And  a new law recently approved by Florida senators and House members aims to address those issues.  

The bill will impose criminal penalties on activities like theft, election fraud and conflicts of interest. It also institutes some protections for owners.

“This is very important for Miami-Dade because it’s

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(Daytona Beach, FL) –The busy spring home sales season launched with fervor in March around the greater Daytona Beach area real estate market. 

For the month ending on March 31, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 453 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $199,900. It amounts to a slight reduction in sales and 14 percent jump in median sales prices, year over year. Compared to February, month over month comparisons showed prices remained strong and steady as sales totals skyrocketed by more than 36 percent as part of the spring season’s usual ramp up in home sales.   

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

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It has been a long wait since developers announced plans to erect a new 12-story luxury condo building in Daytona Beach Shores.

The Aruba Condominiums, a new oceanfront development in Daytona Beach Shores by Aruba Ventures, LLC, has finally finished the pre-construction condo sales phase and will soon move to the next phase. The project is set to finally break ground in May and with demolition and construction moving into full swing.

"We are excited to be moving forward with the construction of the Aruba," Grady Miars, president of GreenPointe Communities (the company that will manage the Aruba), said in a news release. "We look forward to welcoming the Aruba's new homeowners to their new oceanfront condominium!"

The complex will rise in Daytona

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Median sales prices in the Daytona area condo market recovered from February’s temporary pricing dip and returned to the strong range the area saw as 2017 began. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by The Wyse Home Team at Keller-Williams Realty showed there were 130 condo sales in January with a median sales price of $184,000. It’s a 6.5 percent increase from the sales totals seen the same month a year ago, and a 14 percent increase from February’s sales. Meanwhile, median sales prices fully recovered from February’s price dip and the month ended with prices up 21 percent, year over year.   

Meanwhile, inventory levels worsened in March as demand for area condos increased. Condo buyers in March were forced to search

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The city jumped for joy when Bayshore Capital excitedly announced a few years ago that a Hard Rock Hotel and Cafe would be built along The World's Most Famous Beach. The city was then equally crushed when the project later was scrapped amid slow condo pre-sales and controversy over beach driving.

All hope for a Hard Rock is not lost, though. 

In fact, recent news reports indicate chances are increasingly good that a Hard Rock Hotel will eventually grace the shoreline along Daytona Beach, putting the city on an exclusive, short list of the hotel chain's International locales.

Although much work, time and money was invested in buying land on the 700 block of South Atlantic Avenue and preparing the original Hard Rock Hotel project plans, it's not

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State laws regarding vacation home and condo rentals could be changing, if proposed bills running through the Senate and Florida House of Representatives passes. 

The bills, HB 425 and SB 188, would repeal a law passed in 2014 that gave local governments the ability to regulate short term vacation rentals. 

The law passed 3 years ago was developed to address residents' and local officials' concerns that there weren't enough regulations to keep neighborhoods quiet and visitors safe in cities that are flooded with millions of tourists annually and sometimes tens or hundreds of thousands of tourists during short weekend or weeklong events. Places like Flagler County complained that quiet neighborhood were turned into loud party spots as vacation

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A local company is creating lots of buzz and big changes to one of Volusia's quaint small towns. 

Edgewater, the small city with only 20,000 residents located 17 miles southeast of Daytona Beach, has decided to annex one of the area's large employers into its boundaries as the company prepares for a large, 2-year expansion that would bring more than 350 new jobs to the city. 

The expensive expansion would grow the workforce of luxury boat builder Boston Whaler from a team of more than 700 people to a company employing over 1,000 locals, according  to recent news reports. 

The luxury boat manufacturer hopes to add 13 buildings with more than 270,000 sq. ft. of office and manufacturing space. They'll also add plenty of parking and a large wooded

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