New Site Design at lynnbyrne.com

New Mobile Ready Site at lynnbyrne.com

My new site is up at www.lynnbyrne.com.

We’ve freshened the appearance, but most importantly the site is now mobile friendly for smart phones and tablets. Many of our customers search with their iPhone or other smart phone.  Over the past year, we’ve had many request for a better mobile experience. Check it out on your phone or tablet and see what we mean.

The new site is also pulling up to the minute information rather than the 2-3 day old information. Most sites are still using data dumps, so information can be a little stale.

We will continue to do everything we can to improve customer experience on our site. We don’t and we never will require registration to search. When you’re ready, you contact us.

Search Daytona Beach area homes and condos at our new easy search page.

Daytona Beach Real Estate April 2011 Sales Analysis

April 2011 Daytona Beach Real Estate Analysis Published

Are Daytona Beach homes and condo prices finally at the bottom? Are sales holding at their high levels? In what price range are the highest sales?

We’ve just completed our analysis for the month of April and our take on the current market. To get the full report, go here –> Daytona Beach Real Estate April 2011 Sales Report.

The quick take is that sales are up slightly over last year and big-time over 2009. Median and average sales prices have been steady within the current range for about a year. Home inventories are down over 25% since September 2008 and sales are up about 64% since then. Current months of inventory is at 10 months. In September 2008, the months of inventory was at 21.6 months.

While we can’t say that prices have hit bottom, we can say that we are near. That assumes, of course, that there are no catastrophic economic problems.

The numbers are all trending in the right direction and I’m seeing that in the market. Home and condo sales under $200,000 account for 78.7% of all residential sales and sales under $300,000 account for 90.4%. That mean that there is a huge gap in sales between lower priced and higher priced homes. The market might be considered hot for well-priced homes under $200,000 and cold for home above $300,000.

It’s important to keep in mind when thinking about real estate prices, that we remember that every sales is the result of negotiation between a buyer and a seller. The numbers reported in the Daytona Beach MLS are useful for guidance, but your skills in negotiating and choosing an agent to find the best value are important. When working with an agent, make sure to select someone who is active in the market and closing. With short sales and foreclosures, you need someone who is working with lenders every day and knows the complexity of those negotiations.

Please call me to discuss your needs. I’m available at 386-566-7503.

Daytona Beach Homes Sales Up 33.4% – 1st Half 2010

580 More Daytona Beach Homes and Condos Sold in 2010 First Half

Sales of Daytona Beach area real estate are up 33.4% in the first half 2010 compared to 2009 and 62.3% over the first half of 2008.

Here is the breakdown of the first half sales for the last three years:

  • 2010 – 2316 homes and condos sold
  • 2009 – 1736 sold
  • 2009 – 1427 sold

Numbers tell a little of the story, but the picture below shows the progression visually.

It’s obvious that the market has improved significantly over the past two years. Each month in 2010 has shown an increase in sales from the month before. Sales in June were 481 condos and homes sold.

The market is much stronger in the lower price ranges and that where about 90% of all sales are taking place. Homes and condos under $200,000 made up 74% of sales in June and sales under $300,000 made up 88.1% of all sales. Check out the June 2010 Daytona Beach homes sale report.

Contact Lynn at 386-566-7503 for more information or to discuss the current market and your options.

Will Daytona Beach Housing Bargains Dry Up

Will Daytona Beach Homes and Condo Bargains Be Hard to Find?

Reports out of Las Vegas say housing bargains are drying up. Is the same thing happening in Daytona Beach?

A Wall Street Journal story by James R. Hagerty reports housing bargains are tough to come by in Las Vegas for many people. The reason he states is that investors with cash are more desirable to banks. See the full story – Vegas House Bargains Dry Up.

This report doesn’t surprise me at all. Cash buyers are more attractive to banks and lenders for both short sales and foreclosures. The reason is fairly simple, in an ironic twist, the banks know that if a buyer is getting a loan to make the purchase, the deal is not as tight. Too many things can go wrong.

We’ve been seeing this with Daytona homes for sale for some time. Many of my buyers over the past two years have been cash buyers. All of my buyers who financed were pre-approved before making any offers on short sales or foreclosures. Buyers who are not pre-approved will not be considered in nearly all cases when submitting an offer to banks or lenders.

The Las Vegas market is much larger than the Daytona Beach market, but the dynamics are very similar. Both areas have experienced a lot of foreclosures. Investors may find Las Vegas more attractive because of future economic prospects, but we can expect the same investor attention here for the more attractive properties. There will be more money chasing the bargains that bargain property available in Las Vega and our market will get attention when that happens.

To some extent we are seeing investor action here. I’ve sold more than a few properties to investors recently. Most are renting the properties out while they wait for values to rise.

What Next?

We see more investors coming to the Daytona Beach and Ormond Beach real estate market as the economy improves and prices further stabilize. We are no longer seeing the dramatic price drops we saw over the past two years. When it’s generally recognized that prices have stabilized, more investors will jump.

The point is to understand that there is competition for attractive well-priced properties and that competition will increase in the near future.

Beautiful Ormond Beach Riverfront Home for Sale

New Listing – Beautiful Halifax River Home in Ormond Beach

On the Haifax River this Home in Ormond Beach Florida has magnficent views and direct river access with dock and lifts. This area of Ormond Beach is gorgeous with many fine homes on both sides of John Anderson Drive. This home is located just a little north of Granada Blvd on beach side and close to everything. The beach, restaurants and shops are within walking distance.

There are also two parks a short walk away on the beach side and two more on the mainland side over the Granada Bridge. Many people enjoy “Walking the Bridge” for exercise and the views from the height of the bridge. Oh, there’s a great view of the bridge from the backyard of this home.

170 John Anderson River View from The Patio

If you’ve dreamed of living on the River in Florida, you must check out this home. Listed at $995,000, this home with it’s large riverfront lot, is well priced in the current Ormond Beach real estate market.

Features

  • 3 Bedrooms
  • 2-1/2 baths
  • Large Living Area
  • Formal Dining Room
  • Breakfast Area
  • High-End Kitchen
  • Large River Lot
  • Over 2,800 sq. ft. of luxury living area
  • Boat Dock
  • Wood Floors
  • 2 Car Garage
  • Complete Rebuild in 1994
  • Spectacular River Views from Home and Outside Patio

For more information, give me a call at 386-566-7503. Be sure to check out more photos of this home at Ormond Beach River Front Home for Sale – John Anderson Drive.

Luxury Homes Showcase – Flagler Beach Lakefront Home

Luxury Lakefront Flagler Beach, Florida Home Showcase

Our new showcase feature starts with this Flagler Beach Luxury Waterfront Home. This showcase features extended descriptions, features and pages. Here’s what the introductiion page looks like:

Now, it’s difficult to see the details in this thumbnail of the showcase, so click on over to see it in all its detail. This is a unique home. After meeting with the owner/builder for over two hours, I came away with a respect and appreciation for all the detailed planning he put into this home.

It’s 5 bedrooms and 4-1/2 baths on a lake that’s directly off the Intracoastal Waterway with views of the lake and the waterway from all three floors. The features are amazing. For instance, the kitchen has three ovens, two dishwashers, gas stove with 6 burners, multiple sinks and granite countertops throughout. The appliances are top of the line GE Monogram and really fit well with the design. Windows line the whole south wall for sunlight all year round.

The master suite has wood floors, an eye-level fireplace, waterfront views and a bath built for pampering. The tub is a Shiatsu Massager with air jets and colored lights. The shower has three jets to make showering an envigorating experience.

This is a must see for the luxury buyer in the Flagler Beach and Daytona Beach homes market. You will search a long time before you find a home like this.

Luxury sellers can expect this type of showcase for their properties. Please contact me to discuss options for your property.

Technology and Real Estate – A Look Back

Technology and Real Estate

Twelve years ago when I started selling Daytona Beach real estate I never could have imagined the impact that technology has today on conducting my business. Email was in its infancy, Internet browsers were crude, communication was over dial-up connections and texting was non-existent.

Today, technology shapes the way I do my everyday business. Clients make first contact with me primarily through my website. Many call me directly and many others make inquiries through email. When I first started, listings were printed in big MLS books. Clients got their information through newspaper or magazine ads or by calling a real estate agent who would search through the book.

Today you can search in many places for homes and condos for sale. There are many aggregators who collect national data, but I’m partial to my own site where I provide complete listings for the area. You can search Daytona Beach condos and homes and gets lots of local information and expertise that isn’t available through national aggregators.

Recently, I’ve taken a new step. I’ve been texting for about a year now, but in the past few months it’s become another way of doing business. I communicate with my partner, David, and increasingly with clients using 160 characters or less text messages. Is texting effective? It is for many people and it’s been great with several clients. Texting is great when the question is clear and doesn’t need an immediate or complex response. Since my clients like it, I like it.

Who knows what we be doing 12 years from now and where technology will lead us. I can anticipate 3-D virtual tours of homes or some other tools that will make it seem like you’re there. With Google Maps and other tools, you can check out the neighborhood already. I don’t know what the technological future will be like, but I know I’ll be there with you. You can text me at 386-566-7503 or 3865667603 at txt.att.net (substitue @ for at).

It’s unfortunate that I need to show my text address as “at” instead of @. That’s the downside of technology. This is an attempt to prevent email spammers from “scraping” my text or email address from this post and sending hundreds or thousands of spam messages. I certainly don’t need spam coming to my cell phone. I guess it’s the price we pay for technology.

Daytona Beach Real Estate Market Update – July 24, 2009

Quick Daytona Beach Real Estate Market Update

It’s been awhile since I’ve posted, but I should be back on a normal schedule now. I’ve been very busy with clients for the entire year and that continues into next month with plenty of out of town clients coming in to see properties. I sure hope it doesn’t stop there.

Sales

Sales continue strong with 329 properties sold through the Daytona Beach MLS last month. As of today, over 250 properties have sold and we still have over a week to go. This year is very much ahead of last year in total sales. Through the end of June, 1735 Daytona Beach homes and condos were sold. Last year during the same period, 1433 homes and condos sold. This is a positive trend.

First Time Home Buyers

The clock is ticking. The $8,000 First Time Home Buyers Credit expires on December 1. If you have been waiting, the time is now. Here’s why. It is taking a looooong time for banks to respond on short sales – sometimes months. If you are financing, the process can consume a long time. For our purposes let’s say it will take 60-90 days to close once you make an offer. If it takes another month to find the right properties, we are now right up against the December 1 deadline.

If you are eligble for this credit (you haven’t owned at home in the past three years), now is the time to save a lot of money. I urge you to call me now to be safe.

Service

I work with my son David and I think we make a good pair. David has over five years experience as a Realtor® and knows the ins and outs of short sales and foreclosures. We work together to provide you top level service. David can be reached as 386-566-4169. As always, you can reach me at 386-566-7503 for no pressure, no hassle service.

Another Voice – Is Now the Time to Buy Daytona Beach Real Estate

News Journal Asks Is Now Time to Buy Daytona Beach Real Estate?

Bob Koslow penned a front page article for the Daytona Beach News Journal this morning titled Housing Market – Is Now Time to Buy? As we’ve been reporting, sales in the Daytona Beach MLS are up 24.3% for the first quarter over 2008. Mr. Koslow reports that for Volusia and Flagler counties combined, sales are up 19% in March and have increased for four consecutive months.

Have We Reached Bottom?

The burning question is still – have we reached bottom? Unfortunately, the nature of price reversals is that we only know afterward. No one knows if we have hit bottom. The Volusia County Property Appraiser is quoted as saying,

The stars are aligning for the market crash to be ending. It’s already ended in DeBary but not yet in Deltona and East Volusia.

The question is still when. In the meantime will prices stop falling?

A Different Perspective

We don’t know if we are at the bottom of the Daytona Beach real etate market. We don’t know if prices have stopped falling. What we do know is that tremendous bargains come on to the market. We also know that more people believe they are getting good value for their money and buying Daytona Beach homes and condos. Many more are looking and trying to find a bargain. Overall prices don’t matter as much as the price you will pay for a property. It’s your deal that matters, not all the others.

Here are my personal experiences that indicate market strength:

  • My website traffic at www.lynnbyrne.com is triple last year’s rate and double from November
  • Many buyers have selected me to work with them. Last year in the first quarter, there were a few buyers here and there. This year, I am showing property nearly every day.
  • I am writing contracts everyday
  • When an aggressively priced property comes on the market, there is now competition for that property. Bank owned, or REO properties in Daytona Beach, have seen multiple offers with the bank giving a deadline for submission. I know it’s true because my clients don’t win every bid.
  • Weekends are once again for showings. People are coming to Daytona Beach for the weekend just to see properties. Most are making offers.

My clients are making a lot of offers. Some are accepted and some are not. Buyers in general are looking for a bargain and their offers reflect that. That’s a good thing. There is nothing wrong with your offer being rejected. It’s the price that you’re willing to pay and if you can’t come to terms with the seller, whether an individual or a bank, you move on.

To get the bargains that so many are seeking, patience is needed. I have worked with people for over a year before they had an offer accepted. Now that’s a patient person, but he stayed with it until he got the perfect home for him and his family.

Bargains are out there and it’s foolish to pay more than necessary. If you are looking to work with someone who is in the middle of this market everyday, give me a call today at 386-566-7503 or 888-519-9579.

Palm Coast Homes Buyers – Low Price is Not Always Best

Palm Coast Homes Buyers Must Know Value and Price

There are tremendous values available in Palm Coast homes and condos. Many of these properties are priced very low making it a tremendous temptation to buy on price alone. That may be a mistake. The reason is simple, but can get lost in the urge to get a bargain – not all homes rise in value at the same rate.

Serious real estate investors seek properties that they believe have the best opportunity for appreciation. How do they do this? Well, one simple rule is the most desirable neighborhoods. In these neighborhoods, prices are likely to rise because a lot of people want to live there. The reason might be the schools, the location and the amenities.

Buyers of homes in Palm Coast, Daytona Beach, Ormond Beach or Port Orange may eventually want to sell the properties they buy now and choosing the right property could make it easier and more profitable to do so.

Now, it may seem strange that I’m talking about rising prices in a market that’s recently experienced radical price drops. I don’t think it’s strange at all that when buying, even at very low prices, that you consider selling at some point in the future. We are in the low end of the real estate cycle. We will eventually begin to climb out and prices will rise. When and by how much, I don’t know, but it’s getting closer every day.

I’m not discounty the importance of low-prices homes and condos, but I’m urging you to consider it part of the buying process. Florida real estate may not see the price boom like we saw a few years ago, but we will see appreciation. So when considering Palm Coast real estate, or any other area, make location one of the factors in your decision.

Flagler County was the fastest growing county in Florida a few years ago and should be at the lead in growth when it picks back up. Here’s a few things to remember about location, that may help:

  • Newer homes and newer communities with current architecture are usually more valuable than older, dated homes
  • Waterfront – ocean, lake, river adds value and desirability to many homes. Palm Coast and Flagler have oceanfront, lake front, and river front properties. In addition, there are many homes on canals that lead to the river and eventually out to the ocean.
  • Close to schools

As your Palm Coast Realtor, I can give you more information on these critical factors. Call me at 386-566-7503. There’s no obligation and never a hassle.

  • Gated Communities with superior amenities are attractive to many people