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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 77 blog entries about In The News.

Median sales prices of single family homes around the greater Daytona Beach area soared in July as buyers continued to navigate a highly competitive market suffering ongoing inventory issues. 

For the month ending on July 31, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 466 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 10 percent increase in median sales prices and a 4 percent jump in sales, year over year. Compared to June, month over month comparisons showed median prices remained steady as sales totals fell by nearly 5 percent.  

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

  • July 2017: 466 sales,
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After YEARS of employment uncertainty, low wages and just general yuck caused by the Great Recession keeping Millennials from buying homes and building their white picket fence dreams, the boisterous tech-savvy generation is finally closing more real estate deals.

Recent Census Bureau reports prompted plenty of excited headlines over the latest rise in the nation's homeownership rate. Homeownership grew again in the second quarter of this year, to a new 3-year high. 

Although another step in the right direction, the truth is that the current 63.7 percent homeownership rate is still hovering near 50-year lows. Still, the Census Bureau says the numbers are up 0.1 percent over the first quarter of this year, and up 0.8 percent over last year. 

But

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Spring  and summer are traditionally the busiest seasons for real estate.

After a long year of shuttling kids to and from school, or digging themselves out of a northern snow pile, buyers flock to agents and websites in search of their dream home.

Real estate agents near and far begin recruiting homeowners to sell around this time in preparation for the increased demand. The homeowners agree to list as they begin to imagine themselves in something newer, bigger or better suited to their needs. It's the cycle of the market.

This year, however, it seems the usual buyers emerged from their wintery holes with dream home daydreams while the sellers dug in their heels and stayed put in their properties. 

A recent report from CoreLogic shows

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Condo sales and prices around the Daytona Beach area stumbled downward in July. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by The Wyse Home Team at Keller-Williams Realty showed there were 121 condo sales in July with a median sales price of $190,000. It amounts to an approximate 7 percent decrease in both sales and median prices, compared to July 2016. Meanwhile, sales and prices were also down by about the same amounts in month over month comparisons. 

“The likely culprit for the median price drop in year-over-year comparisons was a reduction in sales of executive level condos priced between $300,000 and $500,000,” said Ron Wysocarski, CEO of The Wyse Home Team at Keller Williams Realty. “It’s not immediately clear what

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We've been telling you about the affects of low housing inventory levels around the greater Daytona Beach area for more than a year. But the problem isn't localized. In fact, the problems are widespread and some area's are experiencing shortages far worse than we are.

The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study.

The first two revelations centered around the shortage of housing inventory currently available in both existing homes and new construction.

“For the fourth year in a row, the inventory of homes for sale across the US not only failed to recover, but dropped yet again.

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Single family home sales and prices remained stable around the greater Daytona Beach area in June despite the ongoing low inventory levels.  

For the month ending on June 30, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 489 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 scant one percent increase in sales and a 6.4 percent jump in median sales prices, year over year. Compared to May, month over month comparisons showed sales totals rose by nearly 4 percent as prices remained unchanged. 

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

  • June 2017: 489 sales, $215,000 median sales price.
  • June 2016: 483
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Daytona Beach area condo sales stumbled again in June as inventory levels remained woefully low and median sales prices skyrocketed. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by The Wyse Home Team at Keller-Williams Realty showed there were 128 condo sales in June with a median sales price of $205,000. The totals reflect a slight 4.5 percent decrease in sales and a sizeable increase in median prices, compared to June 2016. In fact, median condo sales prices were up by more than 22 percent in year-over-year comparisons. Meanwhile, sales were down substantially by nearly 23 percent in month over month comparisons. And median prices were up by more than 4 percent compared to May.  

“It’s great to see prices holding strong,”

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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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