According to Florida Association of Realtor Media site, for September of 2009, sales in the Daytona Beach area were up by 43% and prices had fallen 18% compared to the previous year. This is median sales price.
I handle many bank owned properties and the banks want to know market trends, not just for their listings, but for the market in general. Research like this is more accurate than what you see on the news or on the internet regarding large trends. The difference is not only due to local markets not reflecting larger ones, but also because of how the data are collected, and which data are used.
The following is some research completed by Phil Hanner:
All data are from 08/23 to 11/23 of the year indicated 3 BR 2 BA homes, no pool, 1300 square feet living to 1900 square feet living. Year built 1980 to 2000. These data are based on mean, or average, sales price. This information tends to be more accurate because median sales price can be misleading. I would rather see a more specific type of property and see the average sale price over time.
Port Orange South of Dunlawton and East of I-95
Year average price change from previous year
2009 136,158 -24%
2008 178,686 -10%
2007 198,813
Port Orange North of Dunlawton and East of I-95
2009 143,556 -17%
2008 172,200 -7%
2007 184,545
Port Orange South of Dunlawton and West of I-95
2009 182,800 -25%
2008 243,300* +23%*
2007 197,375
*only 3 sales reported that fit the criteria so I don't trust this number
Area code 32128 3 to 4 BR, 2+ baths, no pool, same time period, no regard to square footage or age
2009 183,966 -22%
2008 237,612 -4%
2007 246,429
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