This week in Daytona Beach real estate I have two properties that are under contract.
Yes.... Things are finally picking up!
It's definitely a buyers market both properties are pending for more than 20% off asking price. Seller's are just getting tired of waiting for buyers so they are willing to take a big price cut to just get away from making unnecessary payments on two homes as well as maintenance.
Interest rates are down and the latest articles predict the Canadians are coming down to purchase properties due to the inflation of the Canadian dollar. The value of the dollar against the euro decline currency of 13 European countries: Germany, Belgium, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal, Slovenia and Finland.
Today, a foreign buyer would need only 34,100 Eros to make a $50,000 down-payment on a house, compared to 37,920 Eros to make the same down-payment at the beginning of the year. In the current market we are seeing lots of short sales and foreclosures due to the properties increasing in value over 100% in a three year period.
If your thinking of buying or seling Daytona Beach real estate....
Contact Susan Southerland Century 21 Sundance Realty (386) 547-1600