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Real Estate Market Reports

Keep up with local real estate trends. Find out how homes and condos are selling and whether values are rising or falling here. 

Found 148 blog entries about Real Estate Market Reports.

Daytona Condo Market Stutters as 2019 Begins

As temperatures plummeted across the Daytona Beach area in January, so did condo sales and prices.  

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were just 79 condo units sold around the Daytona Beach area in January. It’s a painful 21 percent decline in sales transactions, compared to January 2018. The overall volume of condo sales was down nearly 14 percent in year over year comparisons.

Median sales prices also fell hard in January. MLS reports show the median condo sales price around the Daytona Beach area in January was $176,000, down 17 percent from the same month last year.

In monthly comparisons, the freefall in sales and median

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Daytona Home Prices Soared Last Year

Median price gains across the greater Daytona Beach area were higher in 2018 than expected.

According to the Daytona Beach Multiple Listing Service (MLS) detached single family home sales sales and median prices were both up last year, compared to 2017. MLS data shows that 5,132 detached single-family homes were sold in the greater Daytona Beach area in 2018, with a median sales price of $229,000. In 2017, single-family home sales totaled 4,937 and median sales prices were $215,000. Overall, there were 8846 real estate transactions recorded by the MLS in 2018, with a $200,000 median sales price.

In total, sales of all property types were up by 3.3 percent in 2018, and sales of existing single-family homes

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Home Sales Down in December

Daytona Beach area home sales slowed in December, as median prices rose only slightly

 For the month ending on December 31, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 396 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $224,900. It amounts to a nearly 8 percent drop in sales compared to the same month last year, and just a meager 1 percent rise in median sales prices. Compared to November, sales were up by 11 percent while median prices fell by 6 percent.

All told, sales in 2018 were up by nearly 4 percent and median sales prices rose by 6.5 percent over 2017 totals.

A look a the numbers

  • December 2018: 396 sales,
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The median sales prices of condos around the greater Daytona Beach remained strong in December as sales fell slightly.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 116 condo units sold around the Daytona Beach area in December. That’s just a handful of sales short of reaching the 123 condo units that sold in December 2017.  Meanwhile, median sales prices rose by just under 3 percent to $228,450, compared to prices in December 2017. In monthly comparisons, the median condo sales price skyrocketed by nearly 23 percent.

All told, median condo sales prices in 2018 were up by 10 percent, a figure many real estate experts predicted for Florida as the year began. As the year ended, total condo

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The real estate market around the greater Daytona Beach area was strong in 2018, as inventory levels improved and highly competitive conditions began to stabilize.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 1555 condo sales across the area from January 1 to December 31. The units sold had a median sales price of $209,000. Compared to 2017, that’s a 3.5 percent increase in sales. And it’s a 10 percent increase in median sales prices, confirming real estate experts’ predictions for Florida as the year began.

“We started the year with cautious optimism as experts predicted Florida would continue to see the strong median price gains for another year, said Ron Wysocarski, Broker and CEO

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Median home sales prices rose dramatically across the Daytona Beach area in November.

 For the month ending on November 30, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 356 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $239,850. It amounts to a 4.7 percent increase in sales compared to the same month last year, and an 18 percent rise in median sales prices.

Compared to October, sales were down by nearly 13 percent while median prices rose slightly. Year to date, sales are up by 4.5 percent and median sales prices remain nearly 8.5 percent higher than the first 11 months of 2017. 

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

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    The median sales prices of condos around the greater Daytona Beach rose in November as sales held steady.

    An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 104 condo units sold around the Daytona Beach area in November. That’s just one unit shy of the 105 units sold in November 2017.  Meanwhile, median sales prices rose by more than 5 percent to $186,000 over  prices in November 2017. Compared to October, the median condo sales price fell by more than 19 percent.

    Year to date, median sales prices are up by just under 10 percent as total condo sales remained 4 percent above the number of units sold during the first 10 months of 2017.

    “Overall, November was a good month for the Daytona area

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    The inventory of available single family homes for sale in the greater Daytona Beach area spiked in October to its highest level in months.

    The conditions created smiles all around as happy homebuyers enjoyed shopping a market with more selection. And many sellers with low and mid-range priced homes reaped strong sales prices thanks to the lingering pent-up demand for their properties.

     For the month ending on October 31, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 409 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $236,900. It amounts to a 4 percent increase in sales compared to the same month last year, and a 10 percent rise in median sales prices.

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    Condo sales around the greater Daytona Beach soared by more than 35 percent in October, according to a recent report. 

    An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 129 condo units sold around the Daytona Beach area in October. That’s up over 35%, compared to just 95 units sold in October 2017.  Meanwhile, median sales prices rose by nearly 9 percent to $207,000 over October 2017. Median prices were down by roughly 11.5 percent compared September, though.

    Year to date, median sales prices are up by just under 10 percent as total condo sales remained 4 percent above the number of units sold during the first 10 months of 2017.

    “These are great numbers that could mean we’re seeing growth

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    When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate market, though, the top two factors to consider are what’s happening with interest rates & inventory.

    Interest Rates

    Mortgage interest rates have been on the rise and are now over three-quarters of a percentage point higher than they were at the beginning of the year. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates climbed to 4.72% for a 30-year fixed rate mortgage last week.

    The interest rate you secure when buying a home not only greatly impacts your monthly housing costs,

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