Residential resales in Volusia and Flagler counties took a slight hit following the summer expiration of the federal homebuyer tax credits. Area sales have tapered off but are stablizing with median sales prices down 12% from a year ago.
"A housing recovery is taking place, but will be choppy at times depending on the duration and impact of a foreclosure moratorium,' said Lawrence Yun, NAR chief economist. 'But the overall direction should be a gradual rising trend in home sales, with buyers responding to historically low mortgage interest rates and very favorable affordability conditions."
Residential Homes Sales Not Including Condo Resales - September 2010
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There were 87 Daytona Beach condo sales this month down from 88 last month according to the data collected from the Daytona Beach MLS.
Here are the top 3 most expensive Daytona Beach condos sold in September 2010.
Ebb Tide Condo - a 3 bedroom 2 bath 5th floor unit with views of the ocean located at 4493 S. Atlantic Ave. in New Smyrna Beach listed for $473,500 and SOLD for $425,000. This unit has 1750 SF. (DOM-219)
Harbour Village Condo - a 3 bedroom 3 bath condo unit listed for $400,000 SOLD for $400,000. Condo located in gated community, golf community, dockage for large boats, and underground parking. (DOM -38)
Bella Vista Condo - 3 bedroom 3 bath with 2455 SF located at 2515 S. Atlantic Ave. in Daytona Beach Shores. Bank owned and listed for $415,000…
If you've ever wanted to know how it feels to live like a "Trump" then look no further. The Bella Vista Condo in Daytona Beach is synonymous with the high quality and luxury of a "Trump condo lifestyle."
Bella Vista is one of the most prestigious luxury oceanfront condos in Daytona Beach. You will be totally impressed with this 11 story, 100 unit luxury complex located directly on the Atlantic Ocean. Bella Vista condos exude luxury with expansive balconies, a grand entrance lobby, and an oceanfront heated pool.
Demand for luxury condos continues and buyers are purchasing Daytona Beach condos at historically low prices. The most recent sale was a 3 bedroom 3 bath unit with over 2400 SF that sold for $375,000!
If you are relocating to Florida we can refer you…
Are you searching for a new home or are you a first time home buyer ready to enter the real estate market? Let's take a look at how the the real current market rates and housing trends affect the Daytona Beach real estate market.
The latest figures are in for the Real Estate Market! Freddie Mac just released the latest news on the Primary Mortgage Market Survey or PMMS.
According to the survey, the 30 year fixed rate mortgage hit another decade low to 4.27% and the 15 year fixed rates dropped to 3.72% another record low.
Home sales are on the rise from August at 7.6% according to the National Association of Realtors. Despite the ailing labor market and the end of the homebuyer tax credit sales are on the rise but slow and gradual.