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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Has recovery begun? 16 months ago, black clouds lingered over the Daytona Beach real estate market. Inventory levels stood at over 42 months. Three and a half years, on average to sell your house or condo.
Now, some light is bursting through those dark clouds.
Drum roll please – If a home or condo is priced aggressively in the Daytona Beach real estate market, it will sell.
Yeah, so simple, but it wasn’t that way six months ago. Now, bargain hunters hunting the wilds of the Daytona Beach real estate market.
We publish a lot of reports because Daytona Beach condos and homes buyers and sellers need a lot of information in this market. It might seem execessive, but if you’re interested in our market, this is probably the most complete source for Daytona Beach real estate market and sales information.
Apparently, the news media is catching up with some of the news that we’ve been reporting for awhile. There’s now recognition that nationwide, home prices were up 5.1% in February. Of course Daytona Beach real estate sales were up 15.3% in February over 2008 and 30.5% in January over the previous year.
Between Daytona Beach, Ormond Beach and Port Orange, there are now about 250 condos for sale in these Florida communities.
Bob Koslow wrote and article on Daytona Beach Condos yesterday in the News Journal and quoted me twice. I said “…cheap condos all over the place.”
You can now call your lender to see if you qualify for assistance under the government foreclosure prevention program. But remember these 2 things.
I just read the executive summary of President Obama’s Homeowner Affordability and Stability Plan. After getting through the smoke, all that’s left is hope.
Earlier this week mortgage rates for 30 year conventional mortgages were at 5.14%, today rates were at 5.44% according to bankrate.com.