Daytona Beach, FL (PRWEB) December 15, 2012
The Real Estate Marketing Insider announced its Real Estate Market of the week as Daytona Beach, FL, following news that the area was expecting its best year for existing home sales since 2005.
The northeast Florida market was hit hard by the financial crisis of 2008, with yearly existing home sales taking a steep fall. In 2005, the best year on record before the 2008 slump, Daytona Beach boasted upwards of 14,000 existing home sales; the 2006 numbers one year later were 5,000 less, with 2007 levels reaching less than half of 2005’s yearly totals.
This year, things are looking up for Daytona Beach. So far, in the ten months of 2012 that have concluded sales measurements, Daytona Beach boasts 8,490 home sales; that’s already beaten 2010’s sales levels and is just 20 homes shy of 2011’s numbers. Area realtors are selling, on average, 833 homes per month, so 2012 totals are expected to pass 2011 totals, and may even crack 10,000 yearly sales for the first time since 2005’s bellwether year.
Realtors in the area are celebrating huge gains this year; in what is becoming a common story around the nation, record-low mortgage rates have created prime conditions for buyers of all types and income brackets. The challenge for realtors is getting people to sell; this is where internet marketing for real estate and other innovative ways to reach potential sellers comes in, and realtors that can effectively use these tools have reported that their sales are rising despite the low inventory.
Daytona Beach is expected to get even hotter as a real estate market. It has one of the rare mixes of a great tourism market, retirement market and residential market all in one, which means buyers of all stripes are looking at the area. Its proximity to the Florida coast, the attractions in Miami and Orlando, and year-round beautiful weather seal the deal for many buyers. Given its upward trend, it’s a great time for realtors to have properties in Daytona Beach; REMI is proud to name Daytona Beach its Real Estate Market of the Week.
The Real Estate Marketing Insider named Daytona Beach, FL its Real Estate Market of the Week. The award was prompted by news that Daytona Beach’s existing home sales numbers are on pace in 2012 to be the best since 2005, before the housing crash. Many analysts also predict 2013 levels to breach 10,000 sales.
About the Real Estate Marketing Insider:
REMI is an online publication based in La Jolla, CA. The Insider provides real estate professionals with hot tips, breaking news and trend analysis.