Daytona Beach Homes

Florida Real Estate Sales Watch

Real Estate Sales in Florida Up 45% in October

Existing home sales in Florida where up 45% over last October. Real Estate Owned (REO) and short sales accounted for about 55% of all Florida sales in September.

Median price declines slowed for the fifth month in a row in September. Prices in Miami rose slightly in September while prices in Tampa fell slightly.

Pricing across the state seems to be stabilizing and that good news for sellers, but what about buyers? Well, there’s no doubt that it’s still a buyers market in Florida and the Daytona Beach area market. There are over 4500 residential properties on the market. Foreclosures are not close to going away and short sales, in an attempt to stop foreclosures are very active. But…

We know that prices will eventually start rising again. While we doubt there will be any quick price acceleration, it signals the beginning of the end. We don’t know if we have hit price bottom, but we believe we’re close. If you are serious about long-term real estate investment, now may be the time to consider the advantages of owning a duplex.

Check out more information at Daytona Beach Investment Property.

Daytona Beach Homes – Multi-Family Options for Home Buyers

Multi-Family Options for Home Buyers

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Daytona Beach homes offer a surprising variety of homes and condos for just about any budget. Most of the recent sales have come in the under $200,000 price range and there are many homes available in that range.

Options include single family homes, condos and multi-family homes.

Ormond Beach and Daytona Beach Multi-Family Homes

Let’s talk about multi-family homes. Most multi-family homes in the area include duplexes and triplexes. There are larger units, but those are really apartments. Ormond Beach duplexes include some very nice units very close to beach. It’s hard to find a better value.

One of the chief advantages of duplexes is the flexibility. Owners can live in one side and rent out the other side, or treat the units as investment property and rent our both sides.

We offer some very nice units that have been beautifully renovated at prices well below what a what two similar single-family homes would sell for. The location is fantastic. Just a block from the beach. Image walking to the beach for a fantastic Florida sunrise, or a nice evening stroll on the beach.

Please contact Lynn Byrne at 386-566-7503 for more information or to discuss your options.

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