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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 126 blog entries about Real Estate Market Reports.

The Daytona area condo market continued to turn the corner in April, with inventory levels up in both monthly and annual comparisons. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed the number of available units for sale during the month of April higher than the number of listings offered in April 2017.

“We haven’t seen inventory levels showing gains in year over year comparisons for quite some time now,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange.

Reports show there were 1036 units that were made active on the MLS at some point in April, but only 1029 condo units were made active during the April 2017. Inventory levels were also up compared to March, when there

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Single family home sales around Daytona Beach were down slightly as inventory levels continued to improve. 

For the month ending on March 31, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 446 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $234,997.

It amounts to a slight 3.6 percent decrease in overall sales and a robust 19 percent jump in median sales prices, compared to the same month last year. In month-over-month comparisons, home prices were up 2 percent and sales were up by more than 30 percent. Year to date, first quarter home sales are down slightly from the first quarter of 2017. 

Comparisons to previous months and 2017 SFR sales figures are

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After nearly 2 years of low inventory levels fueling a seller’s market, the number of available condo units rose again in March.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 132 condo sales in March with a median sales price of $216,000. It’s a steady sales pace, amounting to three fewer condo sales than occurred in the area in March 2017. The median sales price, however, was up by a notable 18 percent, year over year.

In monthly comparisons, sales were up by 37 percent over February and prices were up by 25 percent.

Meanwhile, MLS data showed that the condo market’s inventory issues continued to improve in March with 1002 available units for sale during the course of the month. That

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Single family home sales around Daytona Beach remained steady in February as inventory levels continued to improve.

For the month ending on Feb. 28, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 342 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $230,000. It amounts to a slight increase in overall sales and a robust 15 percent jump in median sales prices, compared to the same month last year. In month over month comparisons, home prices were up 7.3 percent and sales were up by more than 18.7 percent.

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

  • Feb. 2018: 342 sales, $230,000 median sales price.
  • Feb. 2017: 339 sales, $200,000
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Home Values Then and Now

 

 

Home values have been an ever-moving target for more than a decade now. First, home prices were soaring fast as we moved through the upward movement of a real estate boom. Then the market crashed, and we all watched home values tumble for years more.

Now here we are again, watching home values return rapid pace to their pre-crash levels.

To help the nation get a birds eye view of all the changes, the economists at CoreLogic recently released a report focused on evaluating the housing market since the Great Recession, which technically ran from December  2007 to June 2009.

During that time, the US economy lost more than 8.7 million jobs and American families saw more than $16 TRILLION of their combined net

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Although area condo sales totals were steady compared to January, the figures were down notably from the same month last year.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 94 condo sales in February with a median sales price of $172,450. It’s a steady sales pace, amounting to one more condo sale than occurred in the area in January. But in annual comparisons, sales were down by 18 percent compared to February 2017. Median sales prices, meanwhile, showed a different trend with prices down by about 9 percent, compared to January. Prices were up by nearly 12 percent, though, in year over year comparisons.

Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, said he didn’t

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Single family home sales around Daytona Beach fell in January, while median prices remained strong. 

For the month ending on Jan. 31, 2018, the Daytona Beach Multiple Listing Service (MLS) reported that 288 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $214,250. That amounts to an approximate 7.4 percent decline in overall sales, compared to the same month last year.

Conversely, the totals reflect a healthy 7 percent increase in median sales prices, year-over-year. 

In month over month comparisons, both sales and median prices were down from December. 

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

  • Jan. 2018: 288 sales, $214,250 median sales
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The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. But the exact amount by which your payment could be affected just might surprise you!

That is why it is important to know where rates are headed when deciding to start your home search.

According to data from Freddie Mac’s U.S. Economic & Housing Marketing Outlook interest rates are projected to increase steadily over the course of the next 12 months. If the predictions are accurate, mortgage interest rates could rise more than .75 percent!

How Will This Impact Your Mortgage Payment?

Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest

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Although the numbers were down from December, Daytona area condo sales in January were up notably from early last year.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 93 condo sales in January with a median sales price of $190,000. Those figures are down from the heated holiday market we saw in December. Compared to January 2017, however, sales are up by nearly 18 percent and median prices are up by nearly 3 percent.  

“It’s normal to see sales relax a bit in January as the excitement of the holiday season passes, and we await the onslaught of tourists rolling in for Race Week, Bike Weeks and Spring Break,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange. “Condo

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Prices are soaring. Sellers are juggling competing offers on their homes just hours after listing.

You think we’re seeing the housing market bubble again and it’s making you nervous.

Not so fast.  Let’s not jump to conclusions.

There’s more to a housing bubble than just rising home prices.

 

What are the signs of a housing market bubble?

What truly causes a housing bubble and the inevitable crash? What are the signs? For the best explanation, it might be a good idea to look to the person who correctly called the last housing bubble – a year before it happened.

That’s Bill McBride, of Calculated Risk. He identified and named the housing bubble back in April 2005.

Here’s what he said…

“A bubble requires both overvaluation based on

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