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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 81 blog entries about In The News.

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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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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