Home Sales Continue to Rise for Port Orange Area Homes
Posted by The Atlantic Real Estate Team on Monday, May 2nd, 2011 at 11:01am.Home sales for the month of March are on the rise compared to the previous three months in Port Orange, Daytona Beach, Ormond Beach and surrounding areas. There has been an 11% increase in sale prices across the county, with the median price jumping more than $10,000. According to Florida Realtors, 810 homes were sold in March, compared to the same month last year with only 768 homes sold. Condo sales are also seeing their fair share of positive stabilization. Last month, 193 sold, compared to 134 only the month before.
Often times, multiple offers are appearing on properties, allowing for homes to be sold above asking price. At first the boost in homes sales was aided partly due to the First Time Home Buyer Federal Tax Credit opportunities but that has expired and the market is fairing well on it's own. The combination of low interest rates, affordable housing and investment opportunities are paving the way for stabilization in the Greater Daytona Beach Area. To learn how you can be a part of this rising opportunity, contact the Atlantic Real Estate Team.
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