Daytona Beach Real Estate

Second quarter Daytona Beach Real Home sales are well up over the first quarter of 2008.

1st Quarter Daytona Beach Real Estate Sales = 606 properties

2nd Quarter Daytona Beach Real Estate Sales = 823 properties

That’s an increase of over 36% in the second quarter. Granted we are 2.5% behind last years rate, but growth at this point in time, with all the bad economic news is encouraging.

We just published our Weekly Daytona Beach Homes and Condo Report. There is more information there on mortgage rates, home inventories and detailed sales numbers. You can get a picture of sales since January of 2007 at Daytona Beach Real Estate Market Analysis.

Generally, we are cautiously optimistic about area home sales. The second quarter was much better than the admittedly dismal first quarter. However, June sales dipped 9.7% below the May level. There just isn’t enough positive news to push a lot of buyers off the fence. They are waiting for CNN to say it’s OK to buy. I don’t blame them, but there are many bargains that are available in the market now that may not be there by the time “everyone” is comfortable buying again.

The Daytona Beach real estate market is mirroring about half the markets in the country. Fortunately, we are one of the lowest cost beachside areas in Florida and with our attractions and lifestyle, we are clearly one of the best values. The market has made a big comeback from the 1st quarter lows. We are certainly living in interesting times.

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