Daytona Beach Real Estate Sales Up 30.6% in 2009

February Daytona Beach homes sales came in at 256 properties, up from 214 in January or 19.6%. But, better news is that with 470 properties sold so far in 2009, we are 30.6% up over the 360 homes and condos sold in the first two months of last year.

Sales are still strongest at the lower price points with 71.7% of all homes and condos sold selling for under $200,000. Sales under $300,000 account for 89.6% of all sales.

We are receiving a lot more inquiries and some are in the higher price ranges, but most are in the under $200,000 range.

So, based on early results for this year and the number of calls I’m receiving, I’m optimistic that sales will hold to current levels and slowly go up. During the past few weeks I’ve heard several predictions, from outside the real estate industry, that the market should rebound over the next 10-17 months.  Nobody really knows what going to happen, but we continue to look for signs.

Prices are pretty low, especially for short sale and foreclosed homes and interest rates remain very low. I’m not going to insult you and tell you that now is the time to buy, but, if you are interested in buying in the next few years, then it’s important to keep are careful watch on what’s happening. Check back here often for more news and information of Daytona Beach Homes and condos.