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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 87 blog entries about In The News.

Home and condo owners along The World's Most Famous Beach could soon see their neighborhoods and property values get a boost from some pretty big high luxury hotel development proposals. 

A Hard Rock Hotel, two luxury high rises with the Marriott branding, and a luxury convention center hotel plus condo complex are all on the horizon, according to local news reports. 

Courtyard by Marriott

One of the latest big developments announced is likely to rise in the area right around Main Street. A towering Courtyard by Marriott could bring 194 luxury rooms with a sparkling rooftop pool and views of the Daytona Beach Pier. As part of the deal, developers would extend the Boardwalk to Harve Avenue, erect a parking garage big enough to hold almost 300

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List now! The housing market is HOT!

Maybe you're seeing marketing like this a bit more lately. Maybe you've even had an agent or two call you up to see if you'd consider putting your home on the market. 

It's more than just a sales approach. It's what's happening in our back yard. Demand is very high and there's a serious lack of inventory. Meanwhile, the problem is being made worse by a bustling economy that's making it possible for a growing number of families to afford second homes (as investments or vacation homes.)

In fact,  ATTOM Data Solutions (formerly known as RealtyTrac), just released a report ranking the Volusia County area 3rd highest in the nation for percentage of second home mortgage applications. The 3rd quarter report

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Home sales totals recovered in October, after hurricane season caused the local real estate market to stumble in September. 

For the month ending on October 31, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 381 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $217,500. It amounts to a 18.6 percent increase in sales and a modest 3.5 percent climb in median sales prices, year over year. In month over month comparisons, sales rose by more than 11 percent and median prices dropped slightly by 3.7 percent.    

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

  • Oct. 2017: 381 sales, $217,500 median sales price.
  • Oct. 2016: 321 sales,
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Median sales prices sunk as condo sales remained lackluster around the greater Daytona Beach area in October. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 93 condo sales in October with a median sales price of $190,000. The sales total is roughly the same as in October 2016, when condo sales were suffering the effects of Hurricane Matthew. And the figures reflect a 9.5 percent decrease in median sales prices. Meanwhile, both sales and median prices were also down in month over month comparisons. 

“The lackluster sales and low median prices could be caused by lingering effects of Hurricane Irma, but we will be watching closely for signs of changing market conditions in the months ahead,”

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Median sales prices sunk as condo sales remained lackluster around the greater Daytona Beach area in October. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 93 condo sales in October with a median sales price of $190,000. The sales total is roughly the same as in October 2016, when condo sales were suffering the effects of Hurricane Matthew. And the figures reflect a 9.5 percent decrease in median sales prices. Meanwhile, both sales and median prices were also down in month over month comparisons. 

“The lackluster sales and low median prices could be caused by lingering effects of Hurricane Irma, but we will be watching closely for signs of changing market conditions in the months ahead,”

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Median sales prices of single family homes around the greater Daytona Beach area held strong as overall hurricane Irma caused sales totals to fall. 

For the month ending on September 30, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 341 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $226,000. It amounts to a 13.8 percent increase in median sales prices and a more than 11 percent decline in sales, year over year. In month over month comparisons, sales fell by 18 percent and median prices held steady, climbing just slightly by less than half a percentage point.   

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

  • Sept. 2017: 341
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Condo sales sunk in September around the greater Daytona Beach area as median sales prices held high. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by The Wyse Home Team at Keller-Williams Realty showed there were 116 condo sales in July with a median sales price of $210,000. It amounts to a 17.7 percent decrease in sales and a 10.5 percent increase in median prices, compared to September 2016. Meanwhile, sales and prices were both down in month over month comparisons.

“As expected, Hurricane Irma had an impact on the local real estate market. Business comes to a halt for several days for the preparation and duration of any storm. Then after the storm passes, it’s common to see some pending home and condo sales fall apart, while

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Median sales prices of single family homes around the greater Daytona Beach area jumped yet again in August as overall sales dipped. 

For the month ending on August 31, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 416 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $225,000. It amounts to a 15 percent increase in median sales prices and a 10.5 percent decline in sales, year over year. In month over month comparisons, median prices rose 4.6 percent and sales fell 10.5 percent. 

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

  • Aug. 2017: 416 sales, $225,500 median sales price.
  • Aug. 2016: 465 sales, $196,000 median sales price.
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Florida home sales remained strong in August as home sales stumbled at at national level for the fourth time in the last five months. 

Experts continue to blame low inventory levels for the market issues around the U.S. 

Nationally, the total sales of existing homes and condos fell by 1.7 percent. Conversely, Florida sales were up by 0.9 percent with more than 25,000 homes sold around the state.

While there were some sales gains in the Northeast and Midwest areas of the country, declines in the South and West overshadowed the numbers and pulled overall averages down, according to the National Association of Realtors (NAR).

Although rising incomes, low interest rates and gains in the job market brought more interested buyers into the housing

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After sour sales levels in July, condo sales and prices around the Daytona Beach area rose sharply in August. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by The Wyse Home Team at Keller-Williams Realty showed there were 152 condo sales in July with a median sales price of $221,250. It amounts to a strong 8.5 percent increase in sales and a 6.6 percent increase in median prices, compared to August 2016. Meanwhile, sales and prices were also up sharply in month over month comparisons, with sales up by more than 25 percent and prices up more than 16 percent compared to July. 

“The sharp turnaround in sales and prices in August was a welcome turn of events,” said Ron Wysocarski, CEO of The Wyse Home Team at Keller Williams Realty.

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