Daytona Beach Real Estate Blog
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There’s a lot of information here about Daytona Beach Real Estate, covering the Daytona Beach area including Ormond Beach, Port Orange, Ponce Inlet, Holly Hill and the surrounding area.
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Sales of Daytona Beach condos are up 295 units over last year through November. So far this year, 859 condos have sold versus 564 for last year during the same period.
What if you could buy a home with 3.5% down and include the necessary repairs and remodeling in the mortgage – even if your credit is not the best?
First time home buyers and Homeowners who have lived in a current home five of the last eight years are eligible for $8,000 and $6,500 respectively in income tax credits. To take advantage of the credit, you must have a binding contract by April 30, 2010 and must close by June 30, 2010.
Prices of Daytona Beach Homes have fallen this year, but most of the drop was in the first quarter. The drop in the second and third quarters was less than 1.6%. Yes, that’s right, in the past six months, home prices in the Deltona-Daytona Beach-Ormond Beach metropolitan area, as recorded by the National Association of Realtors (NAR), have fallen only 1.55%.
November Daytona Beach real estate sales were recorded at 404 homes and condos in the Daytona Beach MLS, nearly doubling the 203 sales from a year ago. Sales were up 13.8% over October of this year.
55% of Florida home sales in September were REO (real estate owned) and short sales according to Lender Processing Services (LPS). As a home buyer, the Daytona Beach condos and homes you will be searching for and seeing will be in financial distress over 50% of the time.
As a real estate agent, people should be suspect if I say it’s a great time to buy a home. The Atlantic magazine, weighed in this week when writer Daniel Indiviglio wrote an article on the subject.
This pre-sunrise photo was taken at 6:30 a.m. this morning off of Highbridge Road north of Ormond Beach and south of Flagler Beach. Highbridge Road can be accessed from A1A or John Anderson Drive.