Daytona Beach Area Real Estate Market Statistics for May, 2009
I have just reviewed the monthly statistics for our area from the Daytona Beach Area Association of Realtors Multiple Listing Service and I thought you'd like to know the current activity from May 1, 2009 to May 31, 2009.
There are currently 5244 active residential listings. There are 2954 listed houses as of today and 240 houses have sold between May1, 2009 and May 31, 2009. There are 1414 listed condos as of today with 75 condos having sold between May 1, 2009 and May 31, 2009.
There are always some of these houses and condos that are Short Sales and agents may have offers that the banks have not approved as yet. Bank approvals for short sales are starting to move a little faster than in the past! We also have Bank Owned properties in the marketplace. Financing options are changing as well so buyers may, in some cases obtain financing but with more challenges, which often means delay in obtaining loan approvals. Appraisals have become a challenge as well with few sales to document value.
For a breakdown by price ranges, please contact me directly. There are some great buys available in all price ranges in this area but you need a local market expert to help you. I have over 23 years of home buying and selling experience. For local knowledgeable service in the Daytona Beach FL real estate market, contact Sherry directly at 386-679-3191.