Ormond Beach Home Sales Jump in September

According to statistics from the Florida Assn. of Realtors, Florida's existing home sales rose in September, which marks more than a year (13 months) that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors. September's statewide sales also increased over sales activity in August in both the existing home and existing condominium markets.

Existing home sales rose 34 percent last month with a total of 14,419 homes sold statewide compared to 10,778 homes sold in September 2008, according to Florida Realtors. Statewide existing home sales last month increased 4.1 percent over statewide sales activity in August.

Florida Realtors also reported a 77 percent increase in statewide sales of existing condos in September compared to the previous year's sales figure; statewide existing condo sales last month rose 8.9 percent over the total units sold in August.

All of Florida's major metropolitan areas (MSA), including Daytona Beach, reported increased existing home sales in September. In the Daytona Beach MSA, of which Ormond Beach is a statistical area, for single family, 766 realtor sales closed in September, vs. 536 a year ago. Median price was $132,000 vs $160,000 in Sept. 2008 - which just means the values and bargains are ripe for investors and buyers of all types!

In condos, 140 realtor sales closed in Daytona in September, vs 74 last year. Median price was $176,900 vs $237,500 last year. Imagine an oceanfront condo at this price!

NAR Chief Economist Lawrence Yun said, "Now that the market is showing some momentum, we have an opportunity to achieve a more rapid and broader stabilization in home prices...The outlook for home sales and prices depends on whether the tax credit is extended," he continued, describing it as "the best tool in our arsenal to encourage financially qualified buyers to stimulate the economy and help reduce the budget deficit."

You have the best buying opportunity in a generation right now! Contact me to preview some properties - I know the Ormond Beach real estate market, and can help with all the details of your relocation.

Sherry Armstrong, Realtor
386-679-3191
yourkeytothebeach@gmail.com
www.ormondbeachflhome.com